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Alliance District Teacher Refinance Loans

Alliance Refi Program

To help address the significant need across the state to recruit and retain educators and counselors in Alliance Districts, the Connecticut Higher Education Supplemental Loan Authority (CHESLA) and the Connecticut State Department of Education (CSDE) have partnered to launch the Alliance District Loan Subsidy Program.  

This program offers an interest rate subsidy on Alliance District Educator and Counselor Refinance Loans (to refinance existing private student loan debt, also known as non-federal loans) to teachers, paraeducators, and school counselors in any of Connecticut’s Alliance District public schools. The program is designed to attract, support, and retain high quality educators and counselors.

Rates on Alliance District Educator and Counselor Refinance Loans, including the 3% subsidy, range from 0.75% to 2.49%, with terms of 5, 10, or 15 years.

Learn more about the Alliance District Loan Subsidy Program

Download the Alliance District Employment Certification Form

To be Eligible an Applicant Must:

  • Be a teacher, paraeducator, or school counselor in an Alliance District public school (teachers must maintain a current Connecticut Educator Certification)
  • Submit an Alliance District Educator and Counselor Refinance Loan application
  • Have a FICO score of at least 580
  • Have no account that is 90+ days late in the past twelve months
  • Have no education loans in default
  • Request refinancing for a private student loan in repayment (federal loans are not eligible for refinancing through this program)