Pay Your Defaulted FFEL Loan

HESC makes 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/SMARTPAY, or you can make credit card payments online.

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.


You can have payments on your defaulted FFEL loan automatically deducted from your checking account through SMARTCHECK/SMARTPAY. Repaying your loan with SMARTCHECK/SMARTPAY is fast, convenient and free:

  • No checks to write — with your permission, HESC deducts your monthly payment from your checking account.
  • Avoid late charges and additional fees.
  • Your payments will always be on time.

Borrower Payments:

PO Box 645189
Cincinnati, OH 45264-5189