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New Hampshire Student Loans

Have you exhausted federal resources for financial aid in your attempt to pay for your college degree? If you live in New Hampshire, you have other options to consider. New Hampshire student loans, as overseen by the New Hampshire Higher Education Assistance Foundation, can afford you a less expensive means of financing your college education. This foundation is a uniquely collective effort by a number of state agencies, including the Higher Education Loan Corporation and Granite State Management.

The reason that New Hampshire student loans provided by the state are so much more affordable is that they are funded through tax exempt education bonds, which are freed up for the sole purpose of financial aid. The savings from the lack of taxes result in passing on savings to borrowers through lower interest rates, removal of origination fees, and other rate cuts that serve as rewards to the consumer. This means that obtaining even a federal Stafford, Perkins, or PLUS loan through the NHHEAF will save you a great deal of money in the long run.

New Hampshire also offers opportunities for alternative loans, understanding that federal money has to go a long way to assist a great many people, meaning you can only cover a fraction of your tuition with these funds. Instead of paying outrageous interest rates with short term repayment options through a standard bank loan, the NHHEAF offers the Leaf Loans, which are designed to accommodate both undergrads and grad students with low costs and relaxed credit requirements. These loans do not require repayment until six months after graduation, allowing students to settle into the workforce before paying out, and they can be extended for terms of up to 25 years.

If you have a number of loans upon graduation, you may want to consider the Leaf Consolidation Loan, which will combined all your owed sums into one large sum, requiring you to make only a single payment that is typically lower than the sums of the payments on all the loans, with a low interest rate. This makes repayment more manageable so that you can maintain a good credit history.

Paying for school is not easy, but we are here to help. OEDb's student finance section will help you find the money you need to pay your tuition and other college expenses. We cover scholarships, college grants, and student loans. Scholarships and grants are both forms of "free money", meaning they don't need to be paid back. Scholarships are typically awarded by businesses or individuals, with the money being earmarked specifically for tuition. They can be awarded based on a student's location or by religious affiliation, such as Catholicism or Islam. Grants are typically awarded by governments or non-profit organizations and the money often can be applied to several different expenses a student may incur, not solely tuition. They can be awarded based on location or ethnicity, for instance African American or Hispanic. Loans are not considered "free money", because unlike scholarships and grants, they do need to be paid back after graduation. Common federal loans include Perkins and Stafford. Loans are also available by location.