N H Higher Education Loan Corporation

Organization Overview

N H Higher Education Loan Corporation is located in Concord, NH. The organization was established in 1983. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2022, N H Higher Education Loan Corporation employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N H Higher Education Loan Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2022, N H Higher Education Loan Corporation generated $60.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $52.5m during the year ending 09/2022. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FINANCIAL ASSISTANCE TO ELIGIBLE BORROWERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION WAS ORGANIZED FOR THE CHARITABLE AND EDUCATIONAL PURPOSE OF PROVIDING LOW-COST FINANCIAL ASSISTANCE PRIMARILY TO ELIGIBLE STUDENTS ATTENDING COLLEGE IN NEW HAMPSHIRE OR RESIDENTS ATTENDING COLLEGE OUT OF STATE.


SERVICE EDUCATION LOAN PROGRAMS


ADMINISTER THE GUARANTEED STUDENT LOAN PROGRAM IN THE STATE OF NH IN COOPERATION WITH NH LENDERS AND SECONDARY MARKETS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Nelnet Servicing Llc
Loan Servicing
$4,621,542
Credible Labs Inc
Loan Marketing
$1,417,161
Campus Door Holdings Inc
Loan Processing
$1,242,444
Pricewaterhousecoopers Advisory
Consulting
$473,500
Saltwater Collective
Advertising
$260,063
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $75,000
All other contributions, gifts, grants, and similar amounts not included above$10,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$85,000
Total Program Service Revenue$48,401,728
Investment income $1,958,147
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,533,703
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $60,034,018

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