What is New York Higher Education Loan Program?

The New York Higher Education Loan Program (NYHELP) is a state-sponsored program designed to provide financial assistance to students pursuing higher education in New York. It offers low-interest loans to students and their families to help cover educational expenses, including tuition, fees, and living costs. NYHELP aims to make college more accessible and affordable for residents, particularly those who may not qualify for federal loans or grants. The program is managed by the New York State Higher Education Services Corporation (HESC).