Low-cost, fixed rate for the life of your loan – CHESLA gives you a low rate, peace of mind and predictability.
Photo Courtesy of Michael Marsland
for Loans Here
As of 05/16/23, CHESLA's loan offering is 6.35%* fixed with no origination fee. No fees! APR is 6.35%.
*0.25% ACH interest rate reduction is also available.
The student is always the borrower on a CHESLA loan. The age of majority in Connecticut is 18 years old. Thus, the student borrower must be 18 or older to take out a CHESLA loan.
to Refinance Loans Here
If you are done with school, you can still lower your rates, change your terms, and refinance your student loans with a Refi CT loan from CHESLA**.
Refinance for a fixed rate as low as 4.99%* with a co-signer, or 5.25%* without a co-signer; APRs range from 4.99% to 7.99%
*0.25% ACH interest rate reduction is available.
**Loans must be eligible for refinancing.
CHESLA Workforce & Economic Impact in CT
CHESLA loans and scholarships helped to create 597 jobs, increased wage income in the state by more than $72 million, and increased output by almost $129 million while increasing state GDP by $74 million between 2015 and 2021. CHESLA helped to create a combined short and long run net present value income effect of more than $3.3 billion for CT.
CT Dollars & Sense
Financial literacy, wellness, and empowerment! Check out Connecticut’s one-stop shop for helping you plan, save and pay for college. We have the information you need – whether you’re trying to save, looking for scholarships, considering a loan, or just want to figure out how to put it all together!
CHESLA on the SpringPath podcast!