This week, HESC will begin paying January's certified awards for the 2019-20 and 2020-21 academic years at 100 percent of the value. HESC will also be producing the first winter and spring rosters for the 2020-21 academic year on January 20, 2020. The winter/spring roster pre-payments will also be made at 100 percent of their value. The spring roster will be subject to the annual TAP deferral.
HESC Accounting Documents for January will be available in the Reports section of HESCWeb Transaction Processing by clicking on the Details link next to Form Ids PAYDOCS or PAYDOCSI.
At this time, the 20 percent of payments that was previously withheld for affected academic years will remain temporarily withheld. As a reminder, the 20 percent temporarily withheld from prior payments are not cuts to student awards, but rather a change in the payment schedule made to schools. Consequently, student awards are NOT to be reduced and schools should defer such students' tuition for the entire amount of a student's award. Please ensure that your school's financial aid representatives are communicating this appropriately to impacted students.
Thank you for your continued partnership.
The New York State Higher Education Services Corporation