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 $1.93 billion in bonds to fund its Lela division programs which have provided student loans to more than 400,000 student and parents since inception.
Lela's mission is to serve the students of Louisiana by providing
resources for college planning and statewide outreach initiatives to
insure student's success on their path to and during college.
Lela is Louisiana's Non-Profit Resource for College Planning.