If you can't afford the regular monthly payment on your defaulted student loan, you may be eligible for a temporary lower monthly payment. HESC will consider your financial situation when you ask for a reduced payment.

You can’t be required to pay more than what is considered "reasonable and affordable," based on a comparison of your total household income and expenses and student loan debt.

Reducing your payment will probably mean your loan will take longer to pay back. Also, interest will continue to accrue on your balance, and you will owe more.

Who Is Eligible?

      • Most borrowers with a defaulted student loan may be considered for Reasonable and Affordable Repayment.
      • HESC will review your application to decide if a lower payment is allowable.
      • If your request is approved, HESC will send you new monthly payment information.
      • If the Reasonable and Affordable repayment period ends, and you are still in need of a reduced payment you must reapply within 60 days of the Reasonable and Affordable repayment period end date.

If you’re having trouble with repayment or are in default on your student loan, HESC will work with you to assess your situation and help you enter a satisfactory repayment agreement. For more information, contact HESC at 1-866-944-4372 or defaulthelp@hesc.org