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Acquire student loans and provide life of loan servicing of student loans at post secondary level.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$71M
Program Spending
82%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$65M
Total Assets
$1.1B
Total Liabilities
▼$826.8M
Net Assets
$247.3M
Officer Compensation
→$0
Other Salaries
$0
Investment Income
$10M
Fundraising
▼$0
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $1B | Yes | 2026-02-05 |
| 2024 | Clean | Unmodified (Clean) | $986.4M | Yes | 2025-02-27 |
| 2023 | Clean | Unmodified (Clean) | $1.1B | Yes | 2024-03-27 |
| 2022 | Clean | Unmodified (Clean) | $982.9M | Yes | 2023-02-08 |
| 2021 | Clean | Unmodified (Clean) | $1.1B | Yes | 2022-02-06 |
| 2020 | Clean | Unmodified (Clean) | $845.9M | Yes | 2021-01-20 |
| 2019 | Clean | Unmodified (Clean) | $849.2M | Yes | 2020-01-28 |
| 2018 | Clean | Unmodified (Clean) | $977.8M | Yes | 2019-01-14 |
| 2017 | Clean | Unmodified (Clean) | $635.7M | Yes | 2018-02-13 |
| 2016 | Clean | Unmodified (Clean) | $732.2M | Yes | 2017-03-07 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1B
Financial Report
Unmodified (Clean)
Federal Expenditure
$986.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1B
Financial Report
Unmodified (Clean)
Federal Expenditure
$982.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1B
Financial Report
Unmodified (Clean)
Federal Expenditure
$845.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$849.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$977.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$635.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$732.2M
Tax Year 2023 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $71M | $0 | $65M | $1.1B | $247.3M |
| 2022IRS e-File | $53.8M | $0 | $46.1M | $866.2M | $211.1M |
| 2021 | $22.5M | $0 | $17.5M | $1.1B | $205.1M |
| 2020 | $29.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Amy Michie | Treasurer Secretary Board Member | 1 | $0 | $0 | $0 | $0 |
| Governor Jackson | President Board Member | 1 | $0 | $0 | $0 | $0 |
| Jerry Mccullough | Vice President Board Member | 1 | $0 | $0 | $0 | $0 |
| Phillip Wambsganss | Executive Director Hesc | 1 | $0 | $0 | $0 | $0 |
| Denise Dunn-Trakshel | Controller Hesc | 1 | $0 | $0 | $0 | $0 |
Amy Michie
Treasurer Secretary Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Governor Jackson
President Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jerry Mccullough
Vice President Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Phillip Wambsganss
Executive Director Hesc
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Denise Dunn-Trakshel
Controller Hesc
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| David Petter | Board Member | 1 | $0 | $0 | $0 | $0 |
| Gracie Riddick | Board Member | 1 | $0 | $0 | $0 | $0 |
| Tony Pompa | Board Member | 1 | $0 | $0 | $0 | $0 |
David Petter
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gracie Riddick
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tony Pompa
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $0 |
| $25M |
| $841.6M |
| $200.3M |
| 2019 | $42.1M | $0 | $36.4M | $953.5M | $195.8M |
| 2018 | $33.7M | $0 | $32.3M | $1.1B | $189.6M |
| 2017 | $20.6M | $0 | $18M | $730.6M | $188.5M |
| 2016 | $20.2M | $0 | $15.1M | $828.9M | $186.1M |
| 2015 | $20M | $0 | $14M | $931.6M | $180.8M |
| 2014 | $22.4M | $0 | $16.1M | $1.1B | $174.8M |
| 2013 | $25.4M | $0 | $19.6M | $1.2B | $176.4M |
| 2012 | $31.6M | $0 | $31M | $1.4B | $170.5M |
| 2011 | $34.4M | $0 | $29.8M | $1.6B | $169.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990-EZ | — |