Student Loans

Making higher education accessible to our customers.

Merrimack County Savings Bank has partnered with Granite Edvance Corporation, located in Concord, New Hampshire, as our exclusive nonprofit student lending partner.

In partnering with Granite Edvance, we are able to connect customers with responsible student loan products designed to meet their unique needs. Granite Edvance provides college and career planning resources to New Hampshire students and families.

The Granite Edvance Student Loan Program

This loan program is intended for undergraduate and graduate students currently enrolled in school and seeking additional funding after exhausting all other financial aid resources.

It features:

• Fixed and variable interest rates
• Deferred, interest-only, or immediate repayment
• Interest rate discount for enrolling in automatic debit
• No upfront fees or prepayment penalties
• Available cosigner release
• Loan Minimum: $2,001
• Loan Maximum: Up to the cost of attendance minus any financial aid accepted
• Loan origination support from local student loan experts
• Quick and easy online application process, including finding your rate in under 3 minutes

The student acts as the primary borrower but may require a cosigner to meet eligibility requirements. Eligible borrowers must be a NH resident or enrolled at least half-time at a NH-based Title IV degree‑granting institution.

APPLY FOR A STUDENT LOAN

Loans offered through Granite Edvance are private student loans and are intended to supplement, not replace, federal and institutional financial aid options. Students are encouraged to file the Free Application for Federal Student Aid (FAFSA) and to consult their post-secondary institution’s financial aid office to discuss all available options.

EdvestinU Refinance Loan Program

This loan program provides existing student loan borrowers the option of combining multiple student loans into a new loan, potentially reducing your interest rate(s) and/or lowering your monthly payment(s). Eligible loans include federal and private student loans used for attendance at a Title IV degree‑granting institution.

The loan features:

• Fixed and variable interest rates available
• Interest rate discount for enrolling in automatic debit
• No upfront fees or prepayment penalties
• Multiple repayment terms available
• Available cosigner release
• Loan minimum: $7,500
• Loan maximum: $200,000
• Ability to refinance Federal Parent PLUS loans
• Loan origination support from local student loan experts
• Quick and easy online application process, including finding your rate in under 3 minutes

APPLY FOR A REFINANCE LOAN

Refinancing a federal loan means forfeiting the benefits associated with federal loans. We encourage you to speak with your federal loan servicer and research the options before choosing to refinance a federal student loan.

Granite Edvance Student Loan and EdvestinU are loan products of Granite Edvance Corporation and may be funded by Granite Edvance Corporation NMLS ID# 1527348, www.nmlsconsumeraccess.org or Bank of Lake Mills, member FDIC. Subject to credit approval and underwriting guidelines. Bank of Lake Mills does not have an ownership interest in Granite Edvance. Neither Granite Edvance nor Bank of Lake Mills is affiliated with the school you attended or are attending.

Merrimack County Savings Bank is not responsible for the underwriting, approval or servicing of student loans offered through Granite Edvance Corporation. Loans offered through Granite Edvance Corporation are intended to supplement, not replace, federal and institutional financial aid options.