EDvestinU is a student loan and student loan refinancing company that specializes in helping individuals preparing to go to college, and their parents. They are part of the nonprofit company, New Hampshire Higher Education Loan Corporation (NHHELCO), which is one of 3 nonprofits that make up the NHHEAF network organizations. One of those other 3 nonprofits, Granite State Management and Resources, takes care of all EDvestinU loans.

The Good

Give Back to the Community 

EDvestinU is big on giving back to the local community. Much of their proceeds are used to support New Hampshire public high schools, helping to fund scholarships and college press activities.

No Hidden Fees

When it comes to transparency, EDvestinU is as good as it gets. All fees regarding their services distinctly state on their website that they charge absolutely zero application, prepayment, and origination fees.

Helpful Deferment Program

EDvestinU offers a helpful deferment program for those experiencing financial hardship. Deferment periods are approved in three-month time frames for up to 12 months total.

Discounts Available 

Enrolling in EDvestinU’s automatic payment plan option reduces the interest rate by 0.25%, which is the standard in the industry.

Cosigner Release Option

EDvestinU gives borrowers the ability to use a cosigner, as well an opportunity for a cosigner release, which is available after 36 consecutive months of timely payments. This option is also available for borrowers with a credit score greater than 698 and an income of $30,000 or more for loans less than $100,000. For loans more than $100,000, an income of $50,000 or more is required.

Calculate Cost Upfront

To help borrowers determine their estimated rate, monthly payment amount, and total loan costs, EDvestinU offers a easy-to-use calculator on their website, perfect for obtaining the information needed without releasing any personal information.


The Bad

No Grace Period

While many other companies offer a grace period to help borrowers attain stability before starting payments, EDvestinU does not. Once loans are deposited into the borrower’s account, the repayment period starts right away.

Unclear Timeline

There appears to be a long waiting period at EDvestinU. On their website, they have no specific information regarding the amount of time it takes for them to consolidate a loan—and many customers have complained that it took a month to consolidate their loans, all while their interest continued to accrue.  

High Minimum Income

To qualify for loans over $100,000, the borrower or cosigner must have an income greater than $50,000. And for loans under $100,000, either the borrower or cosigner must have an annual income greater than $30,000.

Strict Cosigner Release Terms

EDvestinU has strict cosigner release terms, and have a 36-month waiting period for cosigners, which is significantly higher than the 12-24 month waiting period offered by most other companies.

Good Credit to Qualify

EDvestinU is a credit-based company, and requires either the borrower or cosigner to have great credit to qualify, which could be a problem for students just graduating college.

The Bottom Line

EDvestinU is a nonprofit, credit-based student loan refinancing company perfect for people with great credit and an income of at least $30,000. They have a high level of transparency, no hidden fees, rates standard in the industry, and all information regarding their programs are available on their website. Although the cosigner release and income/credit requirements may be a deterrent, they are a great option to look into when considering a student loan refinancing company.