Arlington, Texas, August 31, 2022 /PRNewswire/ — Higher Education Servicing Corporation (HESC) is pleased to announce the launch of its for-profit subsidiary, HESC Solutions, Inc.

HESC Solutions, Inc. will oversee the ongoing development and licensing of the HELIUM loan origination and servicing system, first introduced by HESC in 2017, to expand student loan service opportunities to federal student loan contractors. was established in

HELIUM is a cutting-edge solution that not only serves both FFELP and private education loans, but can also initiate private student, parent, and refinancing education loans. Built with the latest Microsoft technologies, HELIUM’s modern coding structure and architectural framework provide clients with a rich UI, web-based user experience, while increasing productivity and efficiency, and rapid turnaround of system development updates. Greater control and flexibility of system control essential for success in the ever-evolving student loan industry. Higher education loan providers and servicers may either license HELIUM to manage their own portfolio of loan originations and/or services or contract directly with HESC to originate and/or service third party loans. can provide.

HESC Solutions, Inc. also provides subcontracted services for federal student loan servicers, including contact center support, back office processing tasks, and direct loan services.

“We are excited to launch HESC Solutions, Inc. Now more than ever, we will be able to deploy our industry-leading HELIUM software to education loan providers and servicers to meet the needs of our customers and borrowers. And as a small business with decades of qualified student loan service expertise, we are well positioned to serve as a federal student loan subcontractor.” Philip WamsgansPresident of HESC Solutions, Inc.

For more information, please visit www.hescsolutions.com.

Press/Media Contacts:
Kevin Montgomery
(817) 265-9158 ext. 4161
[email protected]

About HESC

Higher Education Servicing Corporation (“HESC”) is a private, non-profit student loan servicing organization established in 1978. texas Students and families have access to higher education. In 2017, after years of development and testing, HESC launched its own loan service platform known as HELIUM. It is utilized to service a unique portfolio of federal and private education loans. HESC also continues to provide full-service third-party service and administration to federal and private education loan providers, as well as providing perpetual loans for private students and parents. texas It is available to residents through the Texas Extra Credit Education Loan Program.

Source Higher Education Services Corporation