Pay My Defaulted FFEL Loan
HESC is committed to making repayment of your defaulted FFEL loan a fast, simple process. You can choose to have loan payments automatically deducted from your checking account through SMARTCHECK, or you can make electronic payments online or through our pay-by-phone system.
By paying your defaulted loan in full, you’ll receive these benefits:
- National credit bureaus will be updated to show your defaulted loan as paid in full.
- You regain federal student financial aid eligibility.
- Your IRS tax refund will not be seized.
- You’ll realize interest cost savings.
- You may realize collection costs savings.
