Following the market collapse, NHHELCO
had to shut down two loan programmes in March, affecting about 6,500 students.
24, 1983, NHHELCO
has been providing low cost financial assistance to eligible students or parents.
As NHHELCO loans are selected by the borrower, the borrower is redirected to the NHHELCO site, where the entire application process can be completed online.
We strive to provide the most comprehensive list of loans from various lenders, including nonprofit organizations like NHHELCO, to help parents and students make the best choice for their unique financial situation.
We would like to thank Mark Connelly and the staff at the Secures Bureau for their hard work," NHHELCO President and CEO Rene A.
Drouin opposed that decision, saying that previous attempts at direct lending failed, but he declined to estimate its financial impact on NHHELCO.
All bonds under the NHHEFA indenture are 35-day tax-exempt auction-rate securities that pay interest semi-annually beginning June 1, 2004 and the taxable NHHELCO Series 2004 A-1 and A-2 pay interest monthly, after every auction commencing May 19, 2004 and May 26, 2004, respectively.
Since its incorporation on February 24, 1983, NHHELCO has been providing low cost financial assistance to eligible students or parents.
Payne did say that NHHELCO is committed to return to the market.
The decision to suspend the alternative loans, said Tori Berube, NHHELCO's vice president of product marketing, "is unfortunate, but NHHELCO is faced with the reality of having to focus its resources on the federal loan programs, which provide critical access to a college education.
At this point, student loans still average about 6 percent, but because a recent auction of student loan bonds flailed to attract suitable bids, NHHELCO
and others participating in the bond issue will be forced to pay 18 percent to their bondholders.
In addition, Graduate/Professional PLUS borrowers who select NHHELCO
as their lender are eligible for several borrower benefits, including a 1 percent principal reduction after the first 12 months of on-time payments and a 0.