New Hampshire Postsecondary Education Commission
New Hampshire Postsecondary Education Commission Suite 300 Three Barrell Court Concord, NH 03301-8543 Phone: (603) 271-2555 Fax: (603) 271-2696 TTY: (800) 735-2964 Website: http://www.state.nh.us/postsecondary/
The NH Postsecondary Education Commission administers 8 state financial aid programs.
Five of these programs are grants or scholarships for college: - Granite State Scholars Program
- Leveraged Incentive Grant Program
- NH Incentive Program
- Medical Education Program
- Scholarships for Orphans of Veterans
Eligibility for the first two programs will be determined by your college. The NH Incentive Program uses the
FAFSA
as its only application. This form will also be used to qualify you for
federal student loans
and/or a federal Pell grant. To make sure your federal application for financial aid is received on time, check your New Hampshire
FAFSA deadline
. You can download
free grant applications
for the last two programs on the list.
Make sure that you find out all the college grants and scholarships that you should apply for.
Student Loan Forgiveness Programs
New Hampshire has 2 state programs that offer student loan forgiveness:- The Veterinary Grant Program
- offers $12,000 per year paid directly to the college for students enrolled in veterinary medicine programs
- if student does not complete the program- it becomes an interest-free loan
- Workforce Incentive Program (Forgivable Loan Component)
- for careers in Special Education, Foreign Language Education, and Nursing (LPN through Graduate)
- award amount is determined by the college (uses state and college matching funds)- average award is $838
- repayment is by service in New Hampshire or as as an interest-free loan
New Hampshire also has a program that will repay student loans: The Workforce Incentive Program (Loan Repayment Component) - for graduates who have completed 1 year of employment in NH in Special Education, Foreign Language Education, and Nursing (LPN through Graduate)
- award amount is: up to $1,500 (Yrs 1 & 2); $2,000 (Yrs 3 & 4); $3,000 (Yr 5) - Total up to $10,000
- award amount must be matched by employer
This program is for paying college loans of any kind- federal, private and even educational loans for a different field.
New Hampshire's state designated guarantor for the Federal Family Education Loan Program (FFELP) is the New Hampshire Higher Education Assistance Foundation. They originate and service education loans and also provide education loan management services.
New Hampshire has a variety of state college loans and grants, but when you compare college costs for New Hampshire schools and out-of-state schools it is easy to see why New Hampshire students graduate with the second highest college loan debt in the nation.
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