3 - SNHU Academic Archive

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You may make photostatic copies of
the first page of your SER and send it to as
many colleges as you desire to see what
your grant would be at each institution. Your
eligibility index in relationship to your cost of
education and enrollment status determines
the amount of your grant.
New Hampshire College advises and
expects all of its Scholarship and Assistance
applicants to file for a Basic Grant and
suggests that you file as early as possible in
the calendar year in which you wish assistance;
ie: January or February 1979 for the
1979-80 college year which extends from
July 1,1979 to June 30,1980.
GUARANTEED STUDENT LOAN
PROGRAM (GSL)
The Guaranteed Student Loan Program
enables you to borrow directly from a bank,
credit union, savings and loan association or
other participating lender such as a fraternal
benefit society which is willing to make the
loan. The loan is guaranteed by a State or
private, non-profit agency or insured by the
Federal Government.
Students who desire a guaranteed
student loan should contact the lender
directly. This contact should be made in
person and in the company of your parents if
you are dependent upon them. You will find
it most helpful if the lender you contact has
had a prior business relationship with you
and/or your family.
In the State of New Hampshire, the
Guaranteed Student Loan Program is called
the HELP Program (Higher Education Loan
Program) and such loans are insured or
guaranteed by the New Hampshire Higher
Education Assistance Foundation
(NHHEAF).
The maximum a student may borrow as
an undergraduate is $2,500 per year to a
cumulative total of $7,500. You may borrow
up to $5,000 per year for graduate study to a
cumulative total of $15,000 which includes
the loans made at the undergraduate level.
Recent legislative changes in the
program provide greatly increased access
for most students to guaranteed student
loans. The interest rates on GSL's are 7%
per year; but many students will qualify for
Federal Interest subsidies until they start to
repay their loans and during authorized
periods of deferments.
if your adjusted gross family income is
under $25,000 in the calendar year
preceding the academic year for which you
seek a guaranteed student loan, your loan
will automatically qualify for federal interest
benefits.