HES INSTALLMENT PAYMENT PLAN
Schools, Colleges and Universities
Students and Parents
The HES Installment Payment Plan provides students and
parents with a convenient method of paying for educational expenses while providing
schools, colleges and universities with the opportunity to improve their cash flow and
increase their revenue. The benefits offered through the HES Program are substantial and
we urg e you to review the information on the HES program by selecting the category which
best fits your circumstances.
Schools,
Colleges and Universities [top]
HES offers innovative ways to reduce the administrative
expenses of schools, colleges and universities, improve their cash flow through early
receipt of tuition and provide them interest earnings through the investment of plan
payments by a Trustee.
The HES Installment Payment Plan is flexible to meet the
particular needs of any school, college or university. The HES Payment Plan:
- provides the educational institution with the interest
earnings generated by the Trustee's investment of payments received from the plan
participants
- can be adjusted to match the academic calendar of any
educational institution
- assures security of funds and maximum investment earnings
through the use of a trustee
- offers superior and more convenient cash flow by earlier
receipt of tuition
- provides comprehensive monthly reports (hard copy, diskette,
modem)
- handles all contact with families
- performs due diligence on delinquent accounts
- offers a life insurance option for all families enrolled in
the plan to assure school, college or university receipt of the year's outstanding
educational costs.
Customer Service is the core of HES Services. HES will work
hard to make your financially rewarding program efficient, client oriented, productive and
distinctive.
Students and
Parents [top]
An Installment Payment Plan can provide a valuable
alternative to the traditional lump sum semester payments you are required to fund to
cover educational costs. By participating in an Installment Payment Plan a student or
parent can spread educational costs by paying those costs on a monthly basis. Affordable
monthly payments enable all students/parents to meet their financial obligations without
the need to liquidate assets, deplete savings or undertake excessive borrowing through
interest bearing loan programs. The Installment Payment Plan can be used to finance all or
any portion of your educational costs. This feature affords students/parents the ability
to budget costs as best fits their particular financial and family budget circumstances.
If you are taking advantage of the Federal Family Education Loans you can use the
Installment Payment Plan to budget the portion of the educational expenses that you must
fund after these loans have been paid to the school. On the other hand, students or
parents can use the Installment Payment Plan to minimize the amount of loans which are
needed to cover educational expenses by using the Installment Payment Plan to pay the
portion of these expenses which the student or parent can afford to pay on a monthly
basis.
Most schools or colleges have some type of payment plan
available to help parents and students. You can get information on these programs through
your financial aid office or business office at the school or college you are attending or
plan to attend. If your school does not have an Installment Payment Plan in place or if
you have further interest in participating in the HES program, please have the school
contact the HES web site for information on the HES services or contact the HES office on
its toll-free telephone line 1-800-422-0010.
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