HESC is committed to making repayment of your defaulted student loan a fast, simple process. You can choose to have loan payments automatically deducted from your checking account through SMARTPAY, 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.

Learn More About Paying Your Defaulted Loan