Kentucky students and parents who need help paying for college may now qualify for lower interest rates on Kentucky Advantage Education Loans from the Kentucky Higher Education Student Loan Corporation (KHESLC).
Interest rates are fixed and are as low as 4.95 percent. The exact rate will depend on creditworthiness and choice of payment plan.
The low-cost loans fill the gap between other financial aid a student receives and the total cost of education. Students should apply for all free aid, such as grants and scholarships, then for Federal Stafford Loans before applying for a private loan.
The loans are available to students attending eligible colleges and universities. Applications may be submitted online at www.kheslc.com or at www.advantageeducationloan.com. For more information, call 800-988-6333.