Is Granite State Management closing?

Granite State has announced that it will stop servicing federal student loans when its current contract ends. Edfinancial will be the new servicer for all loans currently held by Granite State. In the next two to three months, we will be transferring federal student loans currently held by Granite State to Edfinancial.

Who is Nhhelc GSM&R?

Granite State Management & Resources (GSM&R) was established in 1986 to assume administration and loan servicing of federal and private student loan programs. Most recently, GSM&R became a not-for-profit federal contractor for the U.S. Department of Education to service the Federal Direct Student Loan Program*.

Is GSMR private?

Granite State Management and Resources is a nonprofit organization that services federal and private student loans. What this means is that your loans with GSMR will be transferred to a new loan servicing company in the near future.

Can I trust edfinancial services?

If you’ve been contacted by EdFinancial and wondered if they were scamming you, don’t ignore the letters or the emails. They’re legit. EdFinancial is a student loan servicer—and they might even be your loan servicer. They service loans for 15 leading U.S lenders, including private banks and state agencies.

What is KwikPay?

KwikPay® allows you to make your student loan payments by automatically deducting them each month from a checking or savings account that you designate. The payments will be effective for your due date and this payment option allows you to conveniently make timely payments without having to mail in payments each month.

How long would it take to pay off 100 000 in student loans?

between 15 and 20 years
It could realistically take between 15 and 20 years to pay off a $100,000 student loan balance, or longer if you require lower monthly payments.