Printer Friendly

New consolidation loan for student borrowers.

EDvestinU, the nonprofit private student loan program of the NH Higher Education Loan Corporation (NHHELCO), recently introduced a change in its consolidation loan that offers borrowers the ability to consolidate both federal and private student loans into a single new loan.

In addition, parent borrowers now have the opportunity to refinance federal PLUS loans into a private loan, often at a lower interest rate than through the federal student loan program.

"There are many benefits to consolidating or refinancing student loans," said Rich Neilsen, EDvestinU's Education Loan Program manager. "We often find that most borrowers are looking to reduce their monthly payment obligation which can be done by consolidating at a lower interest rate or extending the repayment term. Consolidating also provides borrowers with an opportunity to release a parent, relative, or friend as a cosigner from their loans."

For more information, visit edvestinu.com or call 855-887-5430.

COPYRIGHT 2016 Business Publications, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:WORKFORCE DEVELOPMENT
Publication:New Hampshire Business Review
Article Type:Brief article
Geographic Code:1U1NH
Date:Feb 19, 2016
Words:148
Previous Article:Co-op helps small businesses offer college degree: new SNHU initiative designed for firms with 1,000 or fewer employees.
Next Article:Promote your expertise with LinkedIn: a complete profile is just the start.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters