For Immediate Release
October 15, 2018

Contact: College Planning & Community Engagement
(603) 227-6612
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NHHEAF Achieves Lowest Student Loan Default Rate in the Nation for Second Consecutive Year

Concord, N.H. — The U.S. Department of Education recently released the Fiscal Year 2015 Cohort Default Rate (CDR) for student loan lenders, loan holders and guaranty agencies participating in the Federal Family Education Loan (FFEL) Program. Comprehensive default aversion activities placed New Hampshire Higher Education Assistance Foundation (NHHEAF) as the lowest three-year CDR in the nation at 3.1%. This marks the second consecutive year NHHEAF has led the nation’s 24 guaranty agencies with the lowest CDR. The Three-Year National Average Cohort Default Rate fell from 11.5% for Fiscal Year 2014 to 10.8% for Fiscal Year 2015.

Each year, the U.S. Department of Education publishes cohort default rates based on the percentage of a guaranty agency’s student borrowers who enter repayment on FFEL program loans during a federal fiscal year (October 1–September 30) and default before the end of the next two fiscal years.

For six of the last seven years, NHHEAF has led the nation’s guarantors in this important metric. Vice President and Chief Servicing Officer Sara Tremaine states, “Our loan counseling team takes great pride in working diligently with at-risk student loan borrowers, providing helpful guidance as they navigate repayment of their federal student loans.”

In addition to personalized support during repayment, NHHEAF’s Center for College Planning (CCP) provides speakers and educational material targeted at providing local high school and college students with the tools they need to make informed student loan borrowing decisions. To learn more, visit the Signature Events & Initiatives section of

About The NHHEAF Network Organizations:
For over 55 years, The NHHEAF Network Organizations has helped New Hampshire families plan and pay for higher education. The Organizations are comprised of three active 501(c)(3) 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 the Organizations, please visit