Are you an Alliance District teacher with private student loans? You may qualify for a 3-percentage-point interest rate subsidy through the Alliance District Teacher Loan Subsidy (ADTLS) Program when you refinance your existing non-federal student loans.
Subsidized rates range from 0.75% to 2.49% across 5-, 10-, and 15-year repayment terms. If you work in any of Connecticut’s Alliance District public schools, you may be eligible to refinance your private student loans at a significantly reduced rate.
Who’s Eligible?
Applicants must:
- Be a teacher, paraeducator, school counselor, school psychologist, or speech-language pathologist in an Alliance District school (teachers must maintain a current Connecticut Educator Certification)
- Submit an Alliance District 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)
Loan Details
- Maximum loan amount: $25,000
- Minimum loan amount: $5,000
- Approved borrowers receive the 3-percentage-point subsidy for as long as they continue working in an Alliance District school
