CHESLA Consumer Finance Counsel Services

The Connecticut Higher Education Supplemental Loan Authority (the “Authority”) is a quasi-public state authority created in 1982 to help students and their families finance the cost of higher education. The Authority is developing a statewide graduate loan solution to address the financing gap created by the elimination of the federal Grad PLUS program. The proposed approach utilizes a multi-level structure designed to maintain broad access while ensuring responsible underwriting. This includes a planned Authority bond issuance in the spring to support an enhanced graduate loan program focused on fields with strong post-graduation earning potential, and a complementary state-funded program that would support all graduate programs not included in the CHESLA financing. Consumer Finance Counsel services related to the structuring, regulatory compliance, and implementation of this graduate loan solution will be a priority at the start of the selected firm’s engagement.