Any questions? Please call 717-254-2385
Current Loan Rates/Repayment Terms
-
Fixed rate as low as 4.75%* with a co-signer, or 5.00%* without a co-signer; APRs range from 4.75% to 6.80%
*0.25% ACH interest rate reduction is available.
**Loans must be eligible for refinancing. - 5 year, 10 year, and 15 year repayment term options
Loan Product Details
- Loan product launched in June 2016
- Minimum loan amount of $5,000 up to a maximum loan amount of $100,000
- No application fee or origination fee, no prepayment fee
- No application deadline
Eligible Borrowers & Co-Signers
- Must be a Connecticut resident or be refinancing a CHESLA loan
- Must have monthly installment payments amounting to 43% or less of monthly gross income (Debt-to-Income ratio)
- Acceptable FICO scores, as determined via a TransUnion credit report
BORROWER & CO-SIGNER CITIZENSHIP
- You must be a U.S. citizen. You must reside in the U.S. at the time of the application.
- You are an eligible non-citizen if:
- You are a registered permanent resident alien in the U.S. with an Alien Registration Receipt Card (I-151);
- You are an alien with an I-94 Arrival-Departure Record Card endorsed \"refugee\", \"adjustment applicant\", \"conditional entrant\", or \"indefinite parole\"; or
- You have documentation from the Immigration and Naturalization Service that you have been granted asylum in the U.S.
Eligible Loans
- School-certified education loans made to finance attendance at a not-for-profit higher education institution within the United States of America are eligible for refinancing.
- Loans being refinanced must be in repayment status.
-
Loans being refinanced must be in good standing.
---------------------------------------------------------------------------- - Any federal loan (including PLUS)
- CHESLA loans
- Any private loan
- Note: A borrower may refinance a parent's PLUS loan
Clicking Apply Now will leave the CHESLA website and take you to Campus Door's website to complete the loan application.