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.

“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.

“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.

“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.

“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.

“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.

“How do I contact the loan servicer?”

Borrowers may contact our loan originator, Campus Door, for applications: 
Phone: 717-254-2395

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