A New Hampshire-based educational non-profit serving NH students and families

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Granite Edvance is committed to helping you find and fund your path. We offer college loans for undergraduate and graduate students. Our support services are free and based right here in New Hampshire.

Secure a strong future in the Granite State

Granite Edvance Corporation has a longstanding commitment to helping New Hampshire students find their direction and fund their future.

  • Up to a 1.5% interest rate reduction for NH students1
  • Expanded approval opportunities2
  • Multiple repayment options and terms
  • Origination support from local student loan experts

U.S. citizens or permanent resident students: State residency restrictions apply. Visit our State Eligibility page to see a listing of currently eligible states.

Not a New Hampshire resident or attending college in New Hampshire? Head over to our EdvestinU website and learn more about the financing options we offer beyond New Hampshire.

Get StartedApplication & Solicitation Disclosure

Annual Percentage Rate (APR) Range3

  • Fixed Rates

    4.500% – 9.197%w/ optional .25% automatic debit discount4

  • Variable Rates5

    7.370% – 10.382%w/ optional .25% automatic debit discount4

Loan Application Process

  1. .01

    Start the loan process

    Click ‘Get Started’ to pre-qualify and receive custom rates in under 3 minutes without affecting your credit score.6
  2. .02

    Complete the application

    Review the loan details and complete the secure online application. (This may affect your credit score.)6
  3. .03

    Upload documentation

    Upload required loan documentation to your account.
  4. .04

    Customize and sign

    Review your rates, configure your loan terms, and sign loan documentation.
  5. .05

    We do the rest

    We’ll send your loan information to your school for certification. Once your loan is certified, we’ll disburse it directly to your school on their preferred date(s).
Get Started
Five college students sitting outdoors at a picnic table studying.
Smiling male college student with glasses sitting outside.
Female college student standing on campus carrying books and wearing a backpack.

Sample Private Loan Rates & Terms

The tables below show you how much a $10,000 private student loan would cost in different scenarios with fixed and variable interest rates. These tables include Granite Edvance’s optional .25% automatic debit discount, which borrowers can enroll in upon entering repayment. Notice how a loan’s rates and terms can affect the monthly payments and total cost.

Fixed Interest Rates

Fixed interest rates effective 2/22/2024
How Much a $10,000 Private Student Loan Would Cost with Fixed Interest Rates
TermInterest RatesAnnual Percentage Rate (APR)Monthly PaymentsTotal Cost of $10,000 Loan
In YearsLow – HighLow – HighLow – HighLow – High
7 Years4.50% – 9.00% 4.500% – 8.368% $143.12 – $221.93 $11,618.85 – $18,442.11
10 Years5.50% – 9.25% 5.500% – 8.668% $111.17 – $178.37 $12,922.41 – $21,040.73
15 Years6.00% – 9.75% 6.000% – 9.197% $86.08 – $150.27 $14,968.14 – $26,205.52

Variable Interest Rates

Variable interest rates effective 3/1/2024
How Much a $10,000 Private Student Loan Would Cost with Variable Interest Rates
TermInterest RatesAnnual Percentage Rate (APR)Monthly PaymentsTotal Cost of $10,000 Loan
In YearsLow – HighLow – HighLow – HighLow – High
7 Years7.37% – 10.72%7.370% – 9.803%$156.90 – $245.79$12,728.80 – $20,415.15
10 Years7.72% – 10.97%7.720% – 10.131%$122.54 – $201.09$14,226.89 – $23,693.54
15 Years7.97% – 11.12%7.970% – 10.382%$97.34 – $168.50$16,845.14 – $29,307.24

Why Choose Granite Edvance?

Nonprofit Lender

Cosigner Release7

Student Focused

Local Support & Service

Want to talk through your loan options?

Our Customer Experience Team is available Monday–Thursday, 8 AM–8 PM EST, and Friday, 8 AM-5 PM EST

Schedule a free consultation

Strategic Partnerships

As a lender of private student loans, Granite Edvance has established strategic partnerships to provide you with an optimal borrowing experience. One of those partnerships includes our loan originator Campus Door who partners with Sparrow for the online loan application process.

1 Rates and terms available only to NH residents or eligible students attending a NH college or university. Fixed rates receive up to a 1.5% reduction and variable rates receive up to a .75% reduction, as compared to the EdvestinU Private Student Loan, another Granite Edvance loan product.

2 The Granite Edvance Student Loan, in comparison to the EdvestinU Private Student Loan (available beyond New Hampshire: https://graniteedvance.org/state-eligibility/), offers lower interest rates and more accessible underwriting criteria.

3 APRs depend in part on creditworthiness. Lowest APR is only available to our most creditworthy borrowers and assumes an application with a cosigner, immediate repayment, a 7-year repayment term, and 0.25 percentage point interest rate reduction for optional automatic debit. Highest APR assumes deferred repayment, 15-year repayment term, and 0.25 percentage point interest rate reduction for optional automatic debit. For more information about automatic debit, see note 4.

4 The interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account will not reduce the monthly payment, but will reduce the monthly finance charge, resulting in a lower total cost of loan. Borrowers with private loans that are in deferment (including borrowers who elect deferred repayment), a grace period, or forbearance are not eligible to enroll and receive the automatic debit benefit until they enter into repayment. Borrowers electing to enroll in interest-only or immediate repayment are eligible to enroll in automatic debit upon initial disbursement.

5 Variable rates may increase or decrease depending on fluctuations in the 30-day Average SOFR Rate. Monthly interest rate is based on the published 30-day Average SOFR Rate as of the second-to-last business day of the previous month plus your applicable margin. If the 30-day Average SOFR Index is negative, it will be deemed to be 0. As of February 28, 2024 the 30-day Average SOFR Index rate was 5.32%.

6 To check the rates you may qualify for, a soft credit pull will be conducted that will not affect your credit score. Pre-qualifying via the soft-credit check does not guarantee loan approval. If you choose to continue and submit an application, we will pull a full credit report from one or more consumer reporting agencies. This is considered a hard credit pull and may impact your credit score. Additional eligibility requirements not considered as part of the soft-credit check will be considered once a full application is submitted.

7 Cosigner release allowed if an account is in current standing, after 24 months of consecutive & on–time payments with a borrower FICO >749 and minimum income requirement of $30,000 with no foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgments or other public records having an open balance exceeding $100 during the last 7 years. The borrower must not currently be involved in bankruptcy proceeding or had any bankruptcy filings during the past 10 years and cannot have any defaults on education loans. The last payment has to be received within the 12 months prior to the cosigner release request being made.

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