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CHESLA seeks to widen Alliance District loan subsidy to more high‑priority occupations
Summary
CHESLA told the committee SB 1261 would expand an existing Alliance District loan‑refinance subsidy to additional high‑priority occupations and reallocate part of existing bond funds; witnesses said the program started with $7 million, has dispersed about $1.7 million so far, and requires beneficiaries to remain employed in an Alliance District.
Jeanette Weldon, executive director of the Connecticut Higher Education Supplemental Loan Authority (CHESLA), testified in support of SB 1261, which would broaden the Alliance District Loan Subsidy Program to include additional high‑priority occupations determined in consultation with the State Department of Education.
Weldon said CHESLA is a quasi‑public, self‑supporting authority and described the program as a student‑loan refinance mechanism that offers subsidized rates to employees (for example, teachers, paraeducators and school counselors) who stay in designated…
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