Louisiana residents may be able to reduce their student loan payments and pay less interest with the Lela RefiHELP (Higher Education Loan Program). The Lela RefiHELP loans are serviced by Aspire Servicing Center and administered by the Louisiana Education Loan Authority (Lela).

Explore lowering your interest rate or payments
on your existing education loan debt

Fixed rate loans from
3.25% to 6.78% APR 1

(with auto-debit)

No Fees

Zero Capitalized Interest

Loan Details

The Lela RefiHELP is for creditworthy borrowers. Note: Applicants who do not meet the underwriting and credit criteria on their own may apply with cosigners.

Lela RefiHELP allows you to choose between fixed-rate loans with 5-, 10- or 15-year repayment terms. See the following page for detailed financial examples.

Please note: Aspire Servicing Center has a contractual relationship with the Louisiana Education Loan Authority (Lela) wherein Aspire Servicing Center performs certain private student loan (private loan) services for Lela.

Loan Limits

The LelaRefiHELP loan may only consist of current educational debt and must be:

  • At least $5,000
  • No more than $175,000


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Cosigners, click below to get your rate and pre-qualify.


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Before You Refinance Any Federal Loans

If you choose to refinance federal loans, you may be forfeiting important benefits. Be sure you understand what important federal loan benefits you may lose before applying.

Lela Benefits and Advantages

Refinancing your current student loans into one new loan with Lela can provide you with many advantages.

  • Competitive Fixed Interest Rate
    Fixed rates provide you with a set monthly payment that does not change, which can help you manage your funds. And if you qualify for lower interest rates, you may also pay less in interest over the life of your loan.
  • No Fees or Interest Capitalization
    Lela does not assess any upfront origination or late fees. And you can prepay any time with no penalties either.

    In addition, unlike some lenders, Lela never capitalizes interest during repayment. That means you never pay interest on interest and can mean lower costs if you need to use forbearance to postpone payments at any point.
  • Repayment Benefit
    As a Lela RefiHELP loan borrower, you can earn a 0.25% interest rate reduction1 when you sign up to have monthly payments automatically withdrawn.
  • Flexible Repayment Terms and Plans
    You choose the repayment term that works best for your needs when you apply. And if you need to change your repayment plan after applying, you can work with our representatives to determine if a different plan works better for you.
  • Access to Free College Planning and Financing Services
    Receive assistance through our Lela outreach College Planning Center, in- person or remotely, via our Leal HELPline (toll free: (844) 463-2372).

Lela Refi Higher Education Loan Program

Loan Term5-Year Term10-Year Term15-Year Term
Origination Fee0%0%0%
Fixed Interest Rate3.50%–5.90%4.63%–6.65%5.13%–7.03%
Repayment Period5 years (60 months)10 years (120 months)15 years (180 months)

Examples for a $10,000 Loan

Annual Percentage Rate (APR)3.50%–5.90%14.63%–6.65%15.13%–7.03%2
Fixed Interest Rate$914–$1,5701$2,511–$3,7152$4,355–$6,2063
Repayment Period$182–$1931$104–1142$80–$903

Reduce your rate by 0.25%.4 

Enroll in auto-debit to make payments automatically each month and lower your rate.

Eligibility Criteria

To be eligible for this private refinance loan, you must:

  • Be a Louisiana resident.
  • Be of majority age pursuant to applicable law at the time of application or be an emancipated minor.
  • Not have defaulted on any private or government student loan.
  • Be a U.S. citizen or permanent resident residing the United States. Cosigners must be U.S. citizens and must reside in the United States. Military addresses are considered U.S. addresses if designated as an APO or FPO.

Underwriting Criteria

To qualify for the Lela RefiHELP loan, you or your cosigners must have:

  • Monthly payments for approved credit (mortgages, rent, car loans, credit cards and other forms of credit, including the loan for which the student has submitted an application) that do not exceed 40% of gross monthly income (if a mortgage or rent is not included, debt-to-income ratio cannot exceed 25%). All student loan debt will be treated as though it is in repayment.
  • An annual income of at least $25,000.
  • A FICO score of at least 690.
  • No more than two accounts reporting 30-day delinquencies and no delinquencies of 60 days or more during the previous two years.
  • No charge-offs, repossessions, collection accounts, judgments, foreclosures, garnishments by credit providers or tax liens.
  • No previous bankruptcies.
  • Not defaulted on any private or government student loan.

Note: For joint cosigned loans, at least one cosigner must meet all credit underwriting criteria with the exception of the debt-to-income ratio.

Change Notice: Please note that the list of criteria above may not be exhaustive. Lela may require you or your cosigners to meet additional criteria in order to qualify for a loan. Lela reserves the right to change the list of criteria in any way from time to time without notice.

Loan Amounts

The Lela RefiHELP loan may only consist of current educational debt and must be:

  • At least $5,000.
  • No more than $175,000.

You may include any private or federal student loan debt in your name that was used to finance your or your child’s education. You cannot include debt that is not an education loan (for example, credit card debt or a mortgage) even if it was used to pay education expenses.

Repayment Plans

Your Lela RefiHELP loans will be placed on a Standard Repayment Plan when you begin repayment. If your financial circumstances change and you need to lower your monthly payment amount, you may be eligible for the Graduated Repayment Plan or the Select 2 Repayment Plan if your loan has a 10-year or 15-year repayment term.


The Standard Repayment Plan is the basic repayment plan that will pay off your loan:

  • In the shortest amount of time.
  • With the least amount of interest.

The minimum monthly payment amount under the Standard Repayment Plan will be equal to the amount necessary to repay the loan in full by the end of the repayment term. Your repayment term may vary. Please refer to your credit agreement for term information about your specific loan or contact us to determine your repayment term.


The Graduated Repayment Plan lets you begin with lower payments that increase by 10% every two years. Using this plan, you will pay more in interest over the life of the loan because the principal balance will decrease at a slower rate.

Select 2

The Select 2 Repayment Plan lets you make mostly interest-only payments during the first two years of repayment. The amount increases to a standard amount for the remainder of repayment term, which may vary. Using this plan, you will pay more in interest over the life of the loan because the principal balance will decrease at a slower rate.

Find the Best Plan for You

If your payment amount under the Standard Repayment Plan is unmanageable, call us at (800) 243-7552 to speak with an experienced customer service representative to find the best plan for you.