ElevateNH Coming March 4, 2024

Welcome to ElevateNH, a student loan repayment assistance program for the regenerative manufacturing workforce sponsored by New Hampshire Business Finance Authority (BFA) in partnership with Granite Edvance Corporation.

To ensure you qualify for the program and will be ready to submit your application, please read through the requirements below and gather all required documents in preparation of submitting your application. Applicants will be eligible to submit applications starting on March 4, 2024 at 1:00 pm EST.

Upon being approved for the program, the applicant will need to complete annual recertifications until the applicant successfully completes 60 qualifying months of employment. Applicants may enter the program with up to 30 months of qualified employment. The number of qualifying months of employment earned towards the total required 60 months is determined by the employer. Once the applicant satisfies all requirements, funds will be disbursed directly to your loan holder(s) up to $50,000.

ElevateNH is fund dependent and funds will be approved on a first come, first serve basis. If available funds are exhausted, applicants will be notified and remain conditionally approved if more funds become available.

Program

The ElevateNH program aims at promoting and supporting qualified New Hampshire regenerative manufacturing companies through a student loan repayment program  for eligible employees. To participate in the program, the applicant must meet the following criteria:

Employment Requirements

  • The applicant must be an employee of a qualified employer in the applicable industry.
  • The applicant must be employed full-time at the time of the application  and maintain full-time status for five consecutive years.
  • The employee must be nominated by their qualified employer.

Education Requirements

Applicant must possess at least one of the following from a regionally accredited institution:

  • Undergraduate Degree; or
  • Graduate Degree; or
  • Other evidence of academic achievement as determined by BFA.

Residency Requirements

  • The employee must be a full-time resident of New Hampshire and remain a resident of New Hampshire while enrolled in the program.

Loan Requirements

  • The applicant must have current student loans taken out before enrolling in the debt relief program.
  • The loans must have a disbursement date before the applicant’s program enrollment.
  • The loans must be for the applicant’s direct benefit (i.e., Joint Consolidation, Co-Makers, and Parent student loans are not eligible).

Documentation

Please be prepared to submit the following proof of education, residency, and student loans

Acceptable documentation to prove education requirements are met:

  • Transcript,
  • Copy of Diploma, or
  • Document from the school that lists institution name, applicant’s name, degree type, and date of completion.

Acceptable documentation for certifying residency:

  • State issued driver license,
  • State issued non-driver license,
  • Utility bill, or
  • Notarized letter from landlord

Additionally, please be sure that you have your student loan account information available to complete the application, such as:

  • Loan Holder/Servicer Name
  • Current Balance of Loan(s)

If you have any questions on how to obtain the required information prior to the application date, please contact us at ElevateNH@graniteedvance.org.

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