Important Lela COVID19 information:  Click Here

Menu

For Students

LelaCHOICE is a supplemental education loan for undergraduate and graduate students who need additional funds to pay for college.

LEARN MORE

For Parents

LelaCHOICE is a supplemental Loan for parents or family members to borrow on behalf of their students to help with college costs.

LEARN MORE

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

LelaCHOICE Student Loan Comparison Chart

LelaCHOICE Parent Loan Comparison Chart

Lela is here to assist you!


For FAFSA related questions, call the Lela FAFSA HELPline for assistance:

(844) GO FAFSA or (844) 463-2372