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Rell Announces $27 Million In Education Loans Available

Source: theday.com Posted By: Mary H...3406 days ago

The Connecticut Higher Education Supplemental Loan Authority (CHESLA) has $27 million available in loans at new, lower interest rates, Gov. M. Jodi Rell announced Monday.

Interest rates on the new loans will be 6.8 percent, lower than the 6.99 percent rates recently available and lower than rates similar loan agencies in nearby states are offering, a press release states.

The lower-than-expected interest rate is a result of CHESLA's recent sale of tax-free bonds, which garnered $52 million....

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