The NHHEAF Network Organizations are the largest source for college funding within New Hampshire and have over 45 years of experience in helping families plan for and fund higher education. The Organizations are comprised of four independent, nonprofit organizations. The interconnectedness of these four organizations provides students and schools with expertise in all aspects of the student loan industry.

• 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 2007, NHHEAF guaranteed 41,905 loans totaling $190.5 million. NHHEAF continues to rank among guarantors recording the nation's lowest default rates.

• Granite State Management & Resources (GSM&R) was established in 1986 to perform administration and loan services related to federal and private student loan programs. GSM&R contracts with NHHEAF and NHHELCO to provide financial management, information technologies and personnel/facilities administration. As of September 30, 2007, the education loan portfolio being serviced by GSM&R exceeded $2.3 billion, representing more than 172,000 borrowers.

• New Hampshire Higher Education Loan Corporation (NHHELCO) was designated by the State of New Hampshire in June of 1993 to be a lender and holder exclusively for student loans. NHHELCO grew out of recognition that demand for student loans and a declining number of active lenders created a need for a loan corporation dedicated exclusively to funding education loans. All FFELP loans originated by NHHELCO are guaranteed by NHHEAF and serviced by GSM&R. NHHELCO is both a lender and secondary market for education loans and has not sold any loan since its inception - a demonstration of its commitment to life-of-loan servicing. For fiscal year 2007, NHHELCO funded nearly 41,000 FFELP loans totaling $184 million, and over 6500 alternative loans totaling over $66.5 million.

• NHHEAF Network Educational Foundation (NNEF) was established by the NHHELCO Board of Trustees with a half-million dollar endowment in 2004. Beginning in 2006, charitable programs that have been funded through GSM&R & NHHELCO are administered through NNEF. These programs represent a half a million dollar investment in annual giving and include Teachers for New Hampshire^SM, a forgivable loan program; College Equals Opportunity (CEO), a scholarship program and The NHHEAF Network Initiative for the Advancement of Postsecondary Education, a grant program for collaborative higher education programs.

• A Proud History of Commitment to New Hampshire Students & Schools
  What began in 1962 as a small agency committed to increasing access to funding sources for students, NHHEAF has evolved into New Hampshire’s source of knowledge for everything college; providing the ongoing planning support and the financial resources to help students attain a college education. Our history of self-funding innovative programs and services means money earned through business activities is re-invested into programs and services that complement our primary focus of access to higher education.