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Connecticut CHESLA·Connecticut

CHESLA Consumer Finance Counsel Services

Closes 2/24/2026$500k – $2MRequest for Proposal
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Description

The Connecticut Higher Education Supplemental Loan Authority (CHESLA) is seeking a firm to provide Consumer Finance Counsel services related to the structuring, regulatory compliance, and implementation of a graduate loan solution. The solution aims to address the financing gap created by the elimination of the federal Grad PLUS program. The selected firm will work on a multi-level structure designed to maintain broad access while ensuring responsible underwriting. Key aspects of the project include: • Developing a statewide graduate loan solution • Structuring and implementing the loan program • Ensuring regulatory compliance • Maintaining broad access while ensuring responsible underwriting The project requires a firm with experience in consumer finance and loan program development. The selected firm will work closely with CHESLA to ensure the successful implementation of the graduate loan solution.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Kara Stuart(Main Contact)

[email protected]

(860) 520-4700

Key dates

Opened
2/4/2026
Closes
2/24/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522000
Solicitation №
CHESLA02042026

Budget estimate

$500,000 – $2,000,000

The budget for this project is difficult to estimate due to the lack of specific information in the document. However, considering the scope of the project and the fact that it involves developing and implementing a graduate loan solution, the budget could be substantial. A possible estimate could be in the range of $500,000 to $2 million, depending on the complexity of the project and the level of expertise required. Factors that may influence the likely payment range include the size of the loan program, the number of stakeholders involved, and the level of regulatory compliance required.

AI estimate from the solicitation

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