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LelaCHOICE offers better student loan options for undergraduates and graduate students.
Choose Quality. Choose Community. Choose Lela!
For Students
LelaCHOICE is a supplemental education loan for undergraduate and graduate students who need additional funds to pay for college.
For Parents
LelaCHOICE is a supplemental Loan for parents or family members to borrow on behalf of their students to help with college costs.
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
For FAFSA related questions, call the Lela FAFSA HELPline for assistance: