Under a partnership with the Connecticut Governor's office, at least 17 credit unions in Connecticut will begin offering student loans with a very competitive rate of interest. Under the program, the maximum annual rate on these credit union student loans is 6.00%, with certain loans being offered as low as 5.75%.
The credit union student loans offered through this new program will be partially guaranteed by the Connecticut Health and Educational Facilities Authority (CHEFA). However, it is up to each credit union to decide which students will qualify for a loan based on financial need, credit history, etc.
To learn more about the new Connecticut credit union student loan program, visit the Credit Union League of Connecticut's website.
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