New State-Based Graduate Loan Program Launched

June 2, 2026

Dear Neighbor,

The Connecticut Higher Education Supplemental Loan Authority (CHESLA) has officially launched the MyCHESLA Grad Loan, a new state-based graduate loan program designed to preserve access to affordable, fixed-rate financing for Connecticut students pursuing advanced degrees following the elimination of the federal Grad PLUS loan program, effective July 1.

CHESLA’s new graduate loan program supports students enrolled in both graduate and professional degree programs.

Borrowers can choose from repayment terms of 5, 10, or 15 years, along with flexible in-school repayment options, including interest-only payments, full deferment, or immediate principal-and-interest payments. Combined, these options provide borrowers with nine fixed-rate offerings tailored to meet a range of financial needs.

Importantly, all approved borrowers have equal access to the same nine fixed rates, ensuring a transparent, fair, and consistent pricing structure.

Fixed interest rates for the MyCHESLA Grad Loan range from 5.50% to 7.99%, depending on the selected repayment term and in-school repayment option. The program offers a cost-effective, borrower-focused alternative to higher-cost private loans, with every available fixed rate remaining below the current federal Grad PLUS loan rate of 8.94%.

Click here to learn more about CHESLA’s loan programs, financial education resources, and application process.

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Celebrate Connecticut Trails Day on Saturday, June 6, and Sunday, June 7! The Connecticut Forest & Park Association is coordinating more than 200 hikes and walks across the state, offering a wonderful opportunity to explore Connecticut’s natural beauty and enjoy the outdoors.

Now in its 33rd year, this beloved tradition brings together thousands of participants to experience Connecticut’s incredible trail network and scenic landscapes. This year’s theme, Explore Where You Live, encourages residents to discover the trails, parks, and open spaces in their own communities.

Events are designed for all ages, abilities, and experience levels. Whether you’re looking for a challenging outdoor adventure or a relaxing, family-friendly walk, there’s something for everyone to enjoy.

To find a hike or walk that interests you anywhere in Connecticut, click here.