Are there any special rules for postgraduate student loans?
Yes, there are special rules for postgraduate student loans in New Hampshire. The New Hampshire Higher Education Loan Corporation (NHHELCO) provides graduates with loans for postgraduate studies. NHHELCO offers subsidized and unsubsidized loans, both of which have interest rates at or below market rates at the time of application. Additionally, if a borrower meets certain income and credit criteria, they may be eligible for loan forgiveness. Borrowers who are seeking postgraduate loans may also take advantage of NHHELCO’s “Graduate Debt Relief Program” which removes up to $5,000 of student loan debt after successful completion of a graduate program. This program is available to NH residents who are in good standing and who have been accepted into an eligible postgraduate program. In order to qualify for postgraduate loan forgiveness, borrowers must be enrolled at least half-time in an eligible postgraduate program at a college or university in the US. Eligible postgraduate degrees can include a master’s, doctoral, professional, or post baccalaureate certificate. Furthermore, borrowers must still have student loan debt after completion of their postgraduate degree, and they must have been making their student loan payments on time for the last 12 consecutive months. When it comes to postgraduate loan forgiveness, it’s important to remember that borrowers must remain in good standing, and they must meet all the eligibility requirements. Borrowers who are considering applying for postgraduate student loan forgiveness should research and understand the program’s requirements.
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