Frequently Asked Questions

“Who is the borrower?”

The student is the borrower. Generally, a student will also need a co-signer who is credit worthy and meets the income requirements. A co-signer does not have to be a parent. A co-signer can be anyone willing to accept equal responsibility for the repayment of the loan.
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“Do I have to be 18 to apply for a loan?”

Yes, you have to be 18 or older to apply for a CHESLA loan.
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“When should I apply for a loan?”

There is no application deadline. A student should apply after he or she receives a financial aid award letter from a college and has determined the amount of additional funds needed.
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“What fees are required?”

There are NO FEES with CHESLA Loans!

“How long does the application process take?”

The review and processing of an application takes no longer than 2 weeks. The school will then need to certify the loan and there is a required rescission period. At that point, the school will set a disbursement date with the loan servicer.
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“How will I receive my loan?”

Loan proceeds are sent by electronic funds transfer (EFT) to the institution you are attending and credited to your student account, otherwise a check made payable to the student and to the school will be mailed to the institution.
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“Are there other, less expensive ways to borrow for college?”

Students should determine if they are eligible for subsidized/unsubsidized federal loans before applying for a CHESLA loan.
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“How do I contact the loan servicer?”

Borrowers may contact our loan originator, Campus Door, for applications: 
Phone: 717-254-2395
Email: answers@campusdoor.com

Borrowers may contact our loan servicer, University Accounting Service (UAS), for account services:
Phone: 866-214-6269

 

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