New Hampshire Higher Education Loan Corporation Suspends Alternative Loans
In a press release dated March 4, the New Hampshire Higher Education Loan Corporation (NHHELCO) announced that they would suspend their alternative student loan program as of March 11, 2008.
NHHELCO stated that they would be focusing on the Federal Student Loan Programs. Previously, in January, NHHELCO suspended the Federal Consolidation Loan program. Many agencies have had to cut back on programs due to difficulty in securitizing their student loan debt.
Last year there were 4769 New Hampshire students who took advantage of NHHELCO private student loans. All those students will have to find alternative funding this year, most likely at a higher cost.
Technorati Tags: College Loans Financial AidPaying for College NHHELCO Alternative College Loans
In a press release dated March 4, the New Hampshire Higher Education Loan Corporation (NHHELCO) announced that they would suspend their alternative student loan program as of March 11, 2008.
NHHELCO stated that they would be focusing on the Federal Student Loan Programs. Previously, in January, NHHELCO suspended the Federal Consolidation Loan program. Many agencies have had to cut back on programs due to difficulty in securitizing their student loan debt.
Last year there were 4769 New Hampshire students who took advantage of NHHELCO private student loans. All those students will have to find alternative funding this year, most likely at a higher cost.
Technorati Tags: College Loans Financial AidPaying for College NHHELCO Alternative College Loans
Labels: college loans, financial aid, New Hampshire Higher Education Loan Corporation, NHHELCO, paying for college, student consolidation loan, student loans
posted by Ken MacKenzie at
4:47 PM
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