Montana Higher Education Student Assistance Corporation
The Montana Higher Education Student Assistance Corporation (MHESAC) is a nonprofit organization dedicated to helping Montana citizens with financing their postsecondary education. For almost three decades, MHESAC provided more than $2.5 billion in capital for Federal Family Education Loan (FFEL) Program student loans made to Montanans through its FFEL student loan secondary market activity and Montana FFEL student loan origination activities. Although Congress halted the origination of new FFEL loans in 2010, MHESAC continues to purchase federally guaranteed rehabilitated education loans.
Additionally, MHESAC has been able to lower the cost of financing postsecondary education through its numerous borrower benefits including its Incentive Rewards programs. MHESAC proudly continues to provide borrower benefits to its customers in the form of interest rate and principal balance reductions.
“In the new landscape of education access programs, it is MHESAC's goal to stride into the future on a foundation of financial stability that allows us to honor our commitments to our borrowers and provide them with the superior level of customer service to which they have become accustomed.”