The NHHEAF Network Organizations has 55 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). The interconnectedness of these organizations provides students and schools with expertise in all aspects of the student loan industry.
Our work began in 1962 when the NHHEAF Higher Education Loan Program (HELP) awarded twenty-three $500 student loans, guaranteed by NHHEAF. Today, The NHHEAF Network Organizations aspire to be recognized as one of the Nation’s most capable, trusted, and innovative leaders in educational loan services that enhance the promotion, advancement, and support of higher education for our state and our region.
The Organizations’ business model and structure has provided significant efficiencies and cost savings. Beyond its own doors, student and parent borrowers, K-12 schools and local nonprofit agencies have benefited tremendously by these savings. Student loan earnings are reinvested in the Organizations and in the greater New Hampshire community. Reinvestment is achieved through cost-saving borrower benefits, default prevention expertise, college planning and charitable giving. All of the programs and services accomplished at the Organizations are made possible by the dedication and oversight of three separate, independent boards of trustees.
New Hampshire Higher Education Assistance Foundation (NHHEAF) was established by the banking community in 1962 to guarantee student loans. Consistently, NHHEAF works diligently to support borrowers in the successful repayment of federal student loans. This is especially significant considering that New Hampshire has among the highest costs of attendance at its public campuses, the lowest levels of state appropriations for higher education, and the highest average debt burden in the country.
Granite State Management & Resources (GSM&R) was established in 1986 to assume administration and loan servicing of federal and private student loan programs. Most recently, GSM&R became a not-for-profit federal contractor for the U.S. Department of Education to service the Federal Direct Student Loan Program. GSM&R approaches servicing student loans with an education-mindset, always focused on continuous improvement and effective communication.
The Center for College Planning (CCP) provides NH students and families with valuable information about the college planning process - from savings options and college admissions requirements, to applying for financial aid and scholarships. CCP offers college planning materials and coordinates speakers for K-12 schools and community organizations free of charge. CCP provides workshops on college planning topics in our Concord, New Hampshire office. NH students and parents are able to make free appointments to meet with expert college counselors for assistance filing the Free Application for Federal Student Aid (FAFSA). The CCP also facilitates professional development on various college planning topics for school counselors and provides K – 12 schools with free college planning materials and curriculum.
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 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. The EDvestinU Scholarship Giveaway awards two (2) $1,500 scholarships to current high school seniors or college students attending a Title IV eligible school.