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LelaCHOICE offers better student loan options for undergraduates and graduate students.
Choose Quality. Choose Community. Choose Lela!
Offering better rates and options for Undergraduates, Graduates and Parents
4.25 – 6.37% APR*
For
Undergraduate Students
LelaCHOICE is a supplemental education loan for undergraduate students who need additional funds to pay for college.
Click here for the answer to Common Questions for Students
For
Graduate Students
LelaCHOICE is a supplemental education loan for graduate students and professionals students who need additional funds.
Click here for the answer to Common Questions for Students
For
Parents and Family
LelaCHOICE is a supplemental Loan for parents or family members to borrow for their students to help with college costs.
Click here for the answer to Common Questions for Parents
Which LelaCHOICE option is best for you?
| Loan Name: | LelaCHOICE for Undergrad Students | LelaCHOICE for Grad Students |
LelaCHOICE for Parents |
|---|---|---|---|
| Primary Borrower | Student | Student | Parent |
| Rate Options | Fixed | Fixed | Fixed |
| Upfront Processing Fees | NO | NO | NO |
| Auto Debit Option Reduction | YES | YES | YES |
| Transparent underwriting & cosigner option | YES | YES | YES |
| Apply Now | Apply Now | Apply Now |
Benefits of selecting LelaCHOICE
- FIXED low rate from 4.25-6.37% APR (with auto-pay)
- Flexible repayment plans
- No application or origination fees
- No pre-payment penalties
- No capitalized interest ever
- Cosigner options available
- Easy online application process, instant credit decisions
- Interest rate reduction benefit for selecting Auto-debit
- Knowledgeable and friendly LelaCHOICE team is available to assist you!
See How LelaCHOICE compares with other Lenders*
*The U.S. Department of Education does not provide APR calculations for federal loans. As a guide for comparing costs, however, the costs of the Federal Direct PLUS Loan is approximately equivalent to an APR of 6.25%, which is based on borrowing $10,000, a 4.236% origination fee and a fixed interest rate of 5.30% during the 120-month principal and interest repayment period.
For FAFSA related questions, call the Lela FAFSA HELPline for assistance: