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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 or call 855-887-5430.

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Publication:New Hampshire Business Review
Article Type:Brief article
Geographic Code:1U1NH
Date:Feb 19, 2016
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