Do you teach in an Alliance District? Do you have private student loan debt? A program from the State of Connecticut could save you up to thousands of dollars over the life of your loan by allowing you to refinance existing private student loan debt.
Important to know
- The program offers a 3% interest rate subsidy on Alliance District Educator and Counselor Refinance Loans, and teachers will continue to receive the 3% interest rate subsidy as long as they continue to teach in an Alliance District public school and maintain a current Connecticut Educator Certification.
- Interest 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.
- Educators can refinance any amount between $5,000 and $25,000.
- Eligible educators must have a FICO score of at least 580, no education loans in default, and no account that is 90+ days late in the past twelve months.
