For Immediate Release
August 12, 2016
Contact: College Planning & Community Engagement
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Concord, N.H.– New Hampshire Higher Education Loan Corporation (NHHELCO) recently successfully sold $137 million in bonds to refinance its debt structure on existing private student loan portfolios, enabling the organization to secure $60 million to fund private student loans through the EDvestinU® private student lending and refinancing program.
“This refinancing package allows NH families to continue to borrow funds to complete their postsecondary education at extremely competitive rates,” states René A. Drouin, President & CEO of The NHHEAF Network Organizations. “In addition, NHHELCO is the first and only 501(c)3 not-for-profit agency in the country to have successfully achieved the status of this type of bond financing.”
All EDvestinU loans are serviced by Granite State Management & Resources (GSM&R), a NHHEAF Network Organization. Drouin continues, “For over 30 years, our dedicated employees have worked diligently to assist borrowers to successfully manage loan repayment. The benefit of local, life-of-loan servicing is reflected in our portfolio’s consistently low delinquency and default rates.”
The NHHEAF Network Organizations has over 50 years of experience in helping families plan and pay for higher education. The Organizations are comprised of three independent, nonprofit agencies: New Hampshire Higher Education Assistance Foundation (NHHEAF), Granite State Management & Resources (GSM&R) and New Hampshire Higher Education Loan Corporation (NHHELCO).
For more information about EDvestinU, please visit www.edvestinu.com.