College Financing & Planning
Our Mission
The Louisiana Public Facilities Authority (“LPFA”) established its student loan program in 1984 to make higher education more accessible and more affordable to students and parents in Louisiana.
LPFA operates and markets its education programs under the name of Louisiana Education Loan Authority (“Lela”). The LPFA has issued over $2.4 billion in bonds to fund its Lela division programs which have provided student loans to more than 400,000 student and parents, since inception, and has offered borrowers the opportunity to save more than $250 million throughout repayment.
In an effort to ease the debt burden for some Louisiana college graduates, Lela launched a student loan refinancing loan program under the name of Lela RefiHELP (Higher Education Loan Program).
Lela’s mission is to serve the students of Louisiana by providing resources for planning and paying for college in addition to its statewide outreach initiatives to ensure student’s success on their path to and during college.
