New Hampshire Higher Education Loan Corporation (NHHELCO) was designated by the state of New Hampshire in June of 1993 to be a lender and holder exclusively for student loans. NHHELCO grew out of recognition that demand for student loans and declining number of active lenders created a need for a loan corporation dedicated exclusively to funding student loans.
In 2013, NHHELCO launched the EDvestinU private student loans, committed to providing responsible financing options for undergraduate and graduate students nationwide. In 2014, EDvestinU’s Private Student Loan Consolidation Program was created to provide a nonprofit option for students seeking support in repaying their federal and private loans more affordably and with greater ease.
EDvestinU® is the private student loan program of the nonprofit New Hampshire Higher Education Loan Corporation (NHHELCO). EDvestinU’s mission is to provide affordable college funding options to students nationwide. With industry–leading rates and nationally recognized loan servicing, students, parents and postsecondary schools can have every confidence that EDvestinU customers are provided with the tools needed to make educated financing decisions. As a nonprofit lender, proceeds are reinvested in borrower incentives which reduce the cost of borrowing, scholarship programs which reduce the need to borrow, and educational outreach which increases aspirations for higher education.
Undergraduate & Graduate Student Loans
As a nonprofit higher education lender based in New Hampshire, the EDvestinU® Private Student Loan Program offers competitive, low–cost fixed and variable rate loan options to applicants nationwide. The minimum amount you can borrower is $1,000 per year and the maximum loan amount is determined by your institution. Each year they will set a cost of attendance and you are eligible to borrower up to that cost of attendance less any aid you receive. There is also an aggregate limit of $200,000.
Once approved, U.S. citizens or permanent resident students will have the option to choose the private education loan program that best suits them; a fixed or variable interest rate. International students are eligible for the EDvestinU Private Student Loan Program with a creditworthy U.S. citizen or permanent resident cosigner.
Student Loan Consolidation & Refinancing
Simplifying your payments has never been easier. With the EDvestinU Consolidation Loan you can combine multiple student loans (federal and private) into a new loan with the potential to reduce your interest rate, and lower your monthly payment. You even get to choose between a 5, 10, 15 or 20 year term. But if you want to pay it off sooner, that’s okay too – and you’ll never pay a fee for paying early.
For consolidation loan balances below $100,000, the borrower or cosigner (if applicable) must meet the $30,000 income requirement. For loan balances exceeding $100,000, the borrower or cosigner (if applicable) must meet the $50,000 income requirement. To start the consolidation application process you will need information regarding each loan you are looking to consolidate, including the information about the lender of that loan and the outstanding balance.
You will also need your driver’s license or a state issued ID, income verification (if applicable) and information for two references that do not share an address with you. Additional information may be required based on your specific application. You will be made aware of any required documentation during the application process.
The length of the process varies from borrower to borrower based upon the number of loans being consolidated and how quickly the loan information can be verified. It is important to remember that you must continue to make your scheduled payments on your existing private student loans until the consolidation process is completed in its entirety.
Minimum Loan Amount $7,500
Maximum Loan Amount $200,000
Loan Term 5-20 years
4 Barrell Court
Concord, New Hampshire