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NHHEAF

New Hampshire Higher Education Assistance Foundation (NHHEAF) was established by the banking community in 1962 to guarantee student loans, and since 1965, has been the designated guarantor for the Federal Family Education Loan Program (FFELP) in New Hampshire. Within the Organizations, NHHEAF is responsible for the initial application, disbursement of funds, default prevention, default collections, and oversight of the federal loan programs. For fiscal year 2009, NHHEAF guaranteed over $144 million in federal loans. Consistently, NHHEAF has ranked among the top guarantors recording the nation's lowest default rates. For the most recent cohort ranking, NHHEAF ranked 7th nationally. This is especially significant considering that New Hampshire has among the highest costs of attendance at its public campuses and has among the highest debt burdens in the country.