home my account tell a friend |
|
|
|
|
RATE CHANGE UPDATE For loans originated on or after May 1, 2011:
5.95% Fixed Annual Rate (simple interest)
Annual Percentage Rate (which accounts for 3% reserve fee) ranges from 6.32% to 6.46% over the life of the loan. Low monthly payments of $4.96 per $1,000 borrowed during the in-school and 6-month grace period, and $9.92 per $1,000 borrowed during the 140-month repayment term for principal and interest.
Connecticut Financial Aid Code of Conduct The Connecticut Higher Education Supplemental Loan Authority (CHESLA) supports and subscribes to the Connecticut Financial Aid Code of Conduct (click here to view/download the code). Please note the following disclosure(s):
1 - CHESLA has no plans to sell your CHESLA loan to another lender, and CHESLA has never sold a CHESLA loan. However, CHESLA does have the power to do so.
2 - The Terms and benefits of your CHESLA Loan will NOT change if the loan is sold to another lender.
3 - CHESLA presently does not provide consolidation loans.
|