CHESLA announced today that it has reduced the interest rate it will charge student loan refinance borrowers on future loans. The maximum rate has been lowered from 6.90% fixed to 5.99% fixed, a reduction of almost a full percentage point. Rates range to as low as 4.75%.
Assistant Director for CHESLA, Josh Hurlock stated “Coming off a challenging year for everyone, we felt that CHESLA needed to offer more assistance to our Connecticut residents. The lower rates make the refinance program more impactful for our applicants. We hope that we can help Connecticut residents refinance their student loans to lower their interest rate and/or better manage monthly payments. We encourage residents to visit our website, chesla.org, or contact our office for more information.”