Elevate NH is a groundbreaking initiative by the NH Business Finance Authority aimed at supporting New Hampshire’s regenerative manufacturing companies while providing financial relief to qualified employees burdened by student loans.
Employer Eligibility:
To participate in this program, employers must meet the following criteria:
- Operate in the regenerative medicine industry as defined by NH RSA 77-A:1
- Be a qualified regenerative manufacturing company
- Have a physical location in New Hampshire
- Enroll and submit the applicable program fee
Employee Eligibility:
To be eligible for this program, employees must meet the following requirements:
- Hold at least one of the following from a regionally accredited institution:
- Undergraduate Degree
- Graduate Degree
- Other evidence of academic achievement as determined by BFA
- Have current student loans taken out before enrolling in the program
- Ensure the loan is for their direct benefit (parent loans and joint consolidation loans are not eligible)
- Be a full-time employee with a qualifying employer for five consecutive years after entering the program
- Reside in New Hampshire while enrolled in the program
- The application window for eligible employees will open on March 4th, 2024. For more details and information, please visit GraniteEdvance.org/ElevateNH.
How Elevate NH Works:
Elevate NH provides student loan repayment assistance of up to $50,000 directly to qualified employees. The program will disburse funds to the student loan provider(s) outlined on the final Annual Employee Renewal Application. The loan must be in good standing at the time of payment and will be applied to reduce the outstanding loan balances on the employee’s student loans.
Don’t miss out on this opportunity to alleviate your student loan burden while supporting the regenerative manufacturing industry in New Hampshire. Elevate NH is here to empower both students and employers.
For more information and to get started, visit Program Details.
