Effective March 31, 2021, the remaining balance of your NYHELPs defaulted loan has been forgiven and you no longer have an obligation to repay this loan.

Please note that HESC will report forgiveness of your principal loan debt totaling $600.00 or greater to the Internal Revenue Service (IRS). The amount of the forgiven debt may be considered taxable income for 2021 tax-filing purposes. Consulting a tax professional may help you determine how this could affect your taxes. You may also contact the IRS at IRS.gov for more information.                        

If you have questions, please email HESC at This email address is being protected from spambots. You need JavaScript enabled to view it..