This page has been crafted for printing...

About Design object - NHHEAF headquarters

 

 
 
 
 
 

GSM&R

Granite State Management & Resources (GSM&R) was established in 1986 to assume administration and loan servicing of federal and private student loan programs. GSM&R contracts with NHHEAF and NHHELCO to provide financial management, data processing, and personnel/facilities administration. Loan servicing experience began in 1985 with the servicing of the non-federal alternative loan program, The Alternative Loan for Parents and Students, started in 1983 by the New Hampshire Higher Education Assistance Foundation (NHHEAF). Upon its formation in 1986, GSM&R acquired NHHEAF's loan servicing group. GSM&R began servicing loans available through the Federal Family Education Loan Program (FFELP) in the fall of 1993, which coincided with the start-up of secondary market and lending operations by the New Hampshire Higher Education Loan Corporation (NHHELCO). Since 1994, GSM&R has utilized the Student Loan Servicing (SLS) System developed by Idaho Financial Associates (IFA) of Boise, Idaho, now known as 5280 Solutions, as its loan servicing platform. GSM&R's servicing experience expanded in 2002 as an external service provider. As of September 2009, GSM&R services over 70,000 borrowers for our external clients including private loans as well as FFELP loans. GSM&R consistently exceeds industry standards while servicing 432,000 loans for 163,000 borrowers representing a loan portfolio of $2.6 billion. Providing life-of-loan maintenance and servicing for federal and private student loan programs, our nationally recognized loan servicing expertise is a source of pride. We consistently exceed industry standards. Our success is due to our tenured Management team, dedicated and proficient staff and overall commitment to excellence.