For Immediate Release
February 14, 2014
Contact: Tara Payne
Email Media Inquiry
Concord, NH - The New Hampshire Higher Education Loan Corporation is excited to announce the launch of the EDvestinU Private Student Loan Consolidation program on March 1, 2014. The program reaffirms the organization’s commitment to providing support to students enhancing their futures by pursuing higher education. The program will offer low fixed and variable rates, zero fees, flexible repayment options and continued financial literacy support through the organization’s Campaign for Financial Education.
“We stay committed to providing support not only to NH residents, but students nationwide seeking to meet their financial obligations,” stated René A. Drouin, President & CEO of The NHHEAF Network Organizations. “After the successful launch of the private loan programs last year we are continuously expanding our services to meet the needs of these students and ensure they have the ability to fulfill their goals after graduation as well.”
With the average student loan debt for a college graduate recently reaching its all-time highest levels and New Hampshire students being among the highest average student loan debt upon graduation, with other New England states close behind, private student loan consolidation is a much needed resource for students nationwide. “As concern continues to circulate around the high student loan payment obligations students across the nation are struggling to meet, we are thrilled to be able to offer much needed assistance to students seeking help,” noted Sara Alosa, VP of Guarantor Services & Education Resources at the organization.
The EDvestinU Consolidation loan program website will be available on March 1, 2014 and offers students free financial literacy support including information and free monthly webinars, access to repayment calculators and one-on-one assistance to answer questions via email, phone or online chat. “It’s important for students that are looking for relief from debt upon graduation or entrance into the workforce that they have options to lower monthly payments and work with a servicing organization that is committed to their success,” noted Erin Hathaway, National Marketing Manager for the EDvestinU loan programs. “This is a strong program centered on providing that support to students across the country.”
When the program is launched, those seeking consolidation will have the opportunity to learn more about the potential to lower monthly student loan payments and interest rates on the private loans they borrowed throughout their education, as well as take advantage of extended repayment options and the benefits of working with one servicer throughout the entire repayment process. Additional loan program benefits include the ability to refinance one loan or combine numerous loans borrowed over the years into one loan, with one monthly payment. Borrowers can take advantage of additional program benefits including a .25% interest rate reduction for automatic payments and a cosigner release option for eligible borrowers.
EDvestinU™ is a national student loan program of the New Hampshire Higher Education Loan Corporation (NHHELCO), a 501(c)(3) nonprofit agency that provides students and families with the resources and funding to pursue higher education aspirations. NHHELCO is one of three active nonprofit companies that comprise The NHHEAF Network Organizations. Funds generated by the Organizations make its charitable mission possible as student loan earnings are reinvested in programs and services that benefit citizens of New Hampshire.