Cal Poly

Welcome Cal Poly Students and Parents!
Pay less at Chela.

Use lender ID: 833953 to get exclusive savings.

Chela partners with SESLOC and The Golden 1 credit unions to offer loans to students.

At Chela Education Financing, we're here to keep higher education within your reach. That's why we offer the Waived Payment Program with our Stafford and PLUS loans. You can save over $1,200 on a $15,000 Stafford loan¹

Federal Stafford Loans

Federally insured loan for undergraduate and graduate students.

Skip your last five payments after making all previous payments on time ²
Skip two additional payments when you sign for automatic monthly payments from your checking or savings account ⁴
Convenient and fast application process-Complete your application online in as little as 15 minutes

To be eligible you must first accept your Stafford loan on the Cal Poly Portal and name Chela as your lender. Lender code is #833953.

Federal PLUS Loans

Federal loans for parents of undergraduate students and graduate students.

Skip your last five payments after making all previous payments on time ²
Skip two additional payments when you sign for automatic monthly payments from your checking or savings account ⁴
Borrow up to the cost of education less other financial aid

To be eligible you must first accept your PLUS loan on the Cal Poly Portal and name Chela as your lender. Lender code is #833953

In order to qualify for the Stafford and PLUS Waived Chela Payment Program, a borrower must:

Sign up for e-correspondence within 90 days of first disbursement and manage your account online
Maintain a valid email address and receive e-newsletters from Nelnet regarding financial literacy for the life of the loan
Make on-time payments (no more than three days past the scheduled due date) throughout the life of the loan ³

1  Effective for any Stafford Loan disbursed on or after October 1, 2007. Total savings is based on continuous on-time payments for the full amount with a loan term of 120 months. Calculations assume payments are automatically debited from the borrower's account beginning with the first payment. Savings calculations assume the borrower will receive all benefits under the program and are based on the Nelnet method of servicing

2  Must also meet borrower qualifications

3  If pre-payment exceeds three times the value of a regularly scheduled payment, the last five payments will not be waived

4  Borrower must sign up for auto debit payments within 90 days of entering payment

Additional Chela Resources FAFSA Tips The first step in determining your eligibility for federal assistance.	Welcome Cal Poly Students and Parents! Pay less at Chela. Use lender ID: 833953 to get exclusive savings. Chela partners with SESLOC and The Golden 1 credit unions to offer loans to students. At Chela Education Financing, we're here to keep higher education within your reach. That's why we offer the Waived Payment Program with our Stafford and PLUS loans. You can save over $1,200 on a $15,000 Stafford loan¹ Federal Stafford Loans Federally insured loan for undergraduate and graduate students. Skip your last five payments after making all previous payments on time ² Skip two additional payments when you sign for automatic monthly payments from your checking or savings account ⁴ Convenient and fast application process-Complete your application online in as little as 15 minutes To be eligible you must first accept your Stafford loan on the Cal Poly Portal and name Chela as your lender. Lender code is #833953. Federal PLUS Loans Federal loans for parents of undergraduate students and graduate students. Skip your last five payments after making all previous payments on time ² Skip two additional payments when you sign for automatic monthly payments from your checking or savings account ⁴ Borrow up to the cost of education less other financial aid To be eligible you must first accept your PLUS loan on the Cal Poly Portal and name Chela as your lender. Lender code is #833953 In order to qualify for the Stafford and PLUS Waived Chela Payment Program, a borrower must: Sign up for e-correspondence within 90 days of first disbursement and manage your account online Maintain a valid email address and receive e-newsletters from Nelnet regarding financial literacy for the life of the loan Make on-time payments (no more than three days past the scheduled due date) throughout the life of the loan ³ 1 Effective for any Stafford Loan disbursed on or after October 1, 2007. Total savings is based on continuous on-time payments for the full amount with a loan term of 120 months. Calculations assume payments are automatically debited from the borrower's account beginning with the first payment. Savings calculations assume the borrower will receive all benefits under the program and are based on the Nelnet method of servicing 2 Must also meet borrower qualifications 3 If pre-payment exceeds three times the value of a regularly scheduled payment, the last five payments will not be waived 4 Borrower must sign up for auto debit payments within 90 days of entering payment		To learn more about a loan, contact an Education Finance Specialist at 866.34.CHELA (24352).
	Nelnet reserves the right to modify or terminate borrower benefit programs at it's discretion and without prior notice. All benefit programs are subject to loans remaining in good standing. © 2006 Nelnet, Inc. All rights reserved. Chela Education Financing is a registered trademark of Nelnet, Inc.