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Are you in control of your higher education loans?

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Repaying your loans is easy

With Higher Education Servicing Corporation

Higher Education Servicing Corporation (HESC) was established in 1978 as a private, non-profit organization developed to provide life-of-loan servicing for student loan programs that help ensure students and families have access to higher education.

After more than 38 years, we continue to achieve our mission of helping students and families finance their higher education through a variety of public benefit services and low-cost private education loans. By promoting a college-going culture through our outreach initiatives, community partnerships and responsible financial products and services, HESC will continue to assist students and families in their goal of attaining a higher education for years to come.

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Account Access

Access your account online to check your loan balance, make a payment, update your contact information, sign up for auto debit and much more!


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Federal Loan Forms

Check out our Forms page if you're interested in applying for a deferment, forbearance, forgiveness program or a different repayment option.


Federal Loan Forms

Repayment Calculator

Need to know how much your student loan(s) will cost you each month? Check out our repayment calculator to find out.


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Federal Student Loan Repayment Options

Learn more about each of our repayment options and which is best for you!

Standard Repayment

Once a borrower enters repayment they are automatically set-up on a Standard Repayment plan. This plan establishes a schedule of equal payments over a 10 year repayment term. During this time, borrowers are required to pay their federal loan(s), including interest, and make at least a $50 minimum monthly payment (note: the 10 year repayment term excludes periods of enrollment of at least half-time, grace, deferment and forbearance, if applicable).

Graduated Repayment

Graduated Repayment allows borrowers to begin repaying their loan(s) at a lower payment amount than normal. Every two years, the payment amount will increase until the balance of the loan is repaid within the maximum repayment term applicable to the loan. Overall, borrowers will pay more in interest, but the initial payments are lower than the Standard Repayment plan.

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Income-Based Repayment

Income-Based Repayment is a new option effective July 1, 2009 for borrowers who experience a partial financial hardship (as explained below). Under this plan, your required monthly payment amount is determined by your annual gross income (AGI) and the poverty level associated with your family size and state of residence. If your total annual student loan payments are greater than 15% of the difference between your AGI and 150% of the poverty level applicable to you, you are considered to be experiencing a partial financial hardship and are eligible for the Income-Based Repayment plan.

Example: For 2009, 150% of the poverty level for a family of 1 living in Texas was $16,245. A borrower with an AGI of $40,000 would have a partial hardship if his/her annual student loan payments were greater than $3,563, or $296 per month ($3,563 is 15% of the result from subtracting $16,245 from $40,000).

The maximum repayment period under this plan may exceed 10 years. If after 25 years of qualifying payments your student loan balance is not paid in full, your remaining balance will be forgiven. The Income-Based Repayment plan is not available for Parent PLUS loan(s), Consolidation loan(s) that repaid any Parent PLUS loan or any defaulted loan(s).

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Income-Sensitive Repayment

With this option, the monthly payment amount is adjusted annually to reflect changes in income, based on the borrower’s total monthly income and total student loan debt. This option may be used for a maximum of five years at which time the borrower’s account(s) will convert to Graduated or Standard payments. Under this option, the borrower is required to provide documentation of income on an annual basis. If documentation of income is not provided each year, the loan(s) will be placed on a Standard Repayment schedule.

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Extended Repayment

Extended Repayment allows borrowers to extend their Standard or Graduated Repayment plan for up to 25 years. This plan is only available to "new borrowers" whose federal loan(s) were disbursed on or after October 7, 1998, and who have an outstanding balance of principal and interest totaling more than $30,000.

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Deferment & Forbearance

We understand that there may be periods of time in which you may not be able to make your monthly payment due to certain circumstances. This is why we offer deferment and forbearance options, so that you can reduce or postpone your monthly loan payments. These periods of time do not count toward the length of time you have to repay your loan(s).

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Most Commonly Used FormS

Browse through our most commonly used forms or click the link below to view all of our forms and applications.

Auto Debit Enrollment

Forget the hassle of mailing your student loan payment each month! Sign up today for Auto Debit payments. Click here for our Private Loan Auto Debit Enrollment Form.

In-School Deferment

Deferment request for qualified borrowers who have returned to school on at least a half-time basis. Contact us if you have questions about In-School Deferement for Private Loans.

General Forbearance

If you're financially unable to make your payments, you may be eligible for this temporary suspension or reduction of payments.

Graduated Repayment Plan

Begin repaying your loan at a lower payment amount than normal. Every two years, your payment amount will increase. This repayment plan is for Federal Loans only.

Extended Repayment Plan

If you owe at least $30,000 in loans, you may qualify for Extended Repayment, which allows you to extend your repayment term up to 25 years. This repayment plan is for Federal Loans only.

Income-Based Repayment Plan

Lower your monthly payment based on your income during any period when you have a partial financial hardship. Your monthly payment amount may be adjusted annually. This plan is for Federal Loans only.

Have Questions? Contact us!