Lela

Lela, the Louisiana Education Loan Authority, is a dedicated nonprofit committed to enhancing education access and affordability for residents of Louisiana since 1984. With over 40 years of experience, Lela has supported more than 400,000 students through innovative services and resources designed to aid in college planning and financing.

Lela offers a range of products, including LelaCHOICE, a supplemental education loan program that provides competitive interest rates for undergraduates, graduates, and parents, with rates as low as 2.94% APR. Additionally, LelaRefiHELP enables students to refinance existing loans, making repayment more manageable.

Dedicated to community outreach, Lela’s AskLela division provides free resources for FAFSA completion, ensuring students have the necessary tools to secure financial aid. Over the years, Lela has awarded scholarships and distributed thousands of college planning guides, reinforcing its mission to foster a better educated and economically empowered Louisiana. For any FAFSA-related inquiries, Lela offers a helpful helpline to assist potential borrowers.