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Connecticut lender unveils student loan refinancing program
http://www.thehour.com/business/article/Connecticut-lender-unveils-student-loan-8331772.php
The Connecticut Higher Education Supplemental Loan Authority unveiled a new “Refi CT” loan allowing borrowers to refinance loans at a rate as low as 4.25 percent, and carrying no application or origination fees.
The program is open to Connecticut residents to refinance loans from CHESLA, the federal government and private lenders, applying as well to parental PLUS loans taken on their behalf. CHESLA borrowers who live elsewhere are also eligible to refinance loans from the authority only. Applications are online at www.chesla.org.
“We are proud to be one of a few states in the country to offer a state-led refinancing program,” said Jeanette Weldon, executive director of CHESLA, in a written statement. “CHESLA’s unique role as a state-backed (nonprofit) lender allows us to offer products at attractive interest rates and terms.”
Created in 1982, CHESLA has originated more than 43,000 loans totaling $420 million.