New Hampshire Higher Education Loan Corporation Announces Amendments to Dutch Auction Tender Offer with Respect to Education Loan Revenue Bonds

CONCORD, N.H., June 2 /PRNewswire/ -- The New Hampshire Higher Education Loan Corporation (the "Corporation") today announced that it has amended its offer to purchase (the "Offer") for cash, upon the terms and subject to the conditions set forth in the Invitation to Offer to Sell Auction Rate Bonds, dated May 24, 2010 (the "Original Invitation"), pursuant to a First Supplement to Invitation to Offer to Sell Auction Rate Bonds, dated June 2, 2010 (the "First Supplement"), with respect to the outstanding auction rate Education Loan Revenue Bonds listed below (collectively the "Bonds").

The Corporation has added the New Hampshire Health and Education Facilities Authority, Education Loan Revenue Bonds, New Hampshire Higher Education Loan Corporation Issue, Series 1998B to the series of Bonds for which it will consider offers to purchase, and has determined that it will not obtain rating confirmations on the Bonds in connection with certain proposed amendments to the documents governing the Bonds.  The Corporation has determined that it will seek the consent of a majority of the bondowners of the Bonds in order to effect all such amendments.  The Corporation will not be extending the expiration of the Offer in connection with the First Supplement.  The Offer will still expire at 5:00 p.m., New York City time, on June 18, 2010, unless extended (the "Expiration Date").  Tendered Bonds may be withdrawn at any time on or prior to 5:00 p.m., New York City time, on the Expiration Date.

(1) CUSIP is a registered trademark of American Bankers Association.  None of the Corporation, the Authority or the Depositary Agent makes any representation as to, or takes any responsibility for, the accuracy of such CUSIP numbers.  CUSIP numbers are provided for convenience of reference only

D.F. King & Co., Inc. is acting as the information agent and depositary agent.  Bondowners or their representatives may request copies of the Original Invitation and the First Supplement, which contain the full terms and conditions of the Offer, and submit any questions or requests for assistance to:

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase with respect to any Bonds.  The Offer is being made solely pursuant to the Invitation and related documents.  The Offer is not being made to holders of Bonds in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

SOURCE New Hampshire Higher Education Loan Corporation