You have indicated that one or more of your loans to refinance are federal student loan(s). Please note that if you refinance a federal student loan(s) with your other loans you may no longer be eligible for certain benefits that you may have been eligible for under the federal program (i.e. Direct Loan, FFELP or Perkins). Those benefits may include things such as income-driven repayment plans, certain periods of deferment and forbearance, as well as loan discharge and loan forgiveness options. For more information regarding the specific benefits associated with your federal loan, please contact the servicer of these loan or visit

Please be aware that due to the ongoing pandemic, Federal Direct Loans and government-owned FFELP Loans will not accrue interest or require payments until at least September 30, 2023. These benefits, as well as others, will be lost if you refinance these types of loans with NHHELCO. As always, we encourage you to carefully consider which loans you wish to refinance. Additionally, current and potential future loan forgiveness provisions of federal student loans would be lost if eligible federal loans are included when refinancing with NHHELCO. Click here for additional information regarding current forgiveness options.

Also, please be aware that when your refinance loan disburses, you will enter immediate repayment. Any grace period time you may have remaining is forfeited upon your refinance loan being disbursed.

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