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HIGHER EDUCATION SERVICING CORPORATION

EIN: 75-1661098Arlington, TXZIP: 76016

Mission

HESC FOSTERS QUALITY SERVICING FOR STUDENT LOANS, ENCOURAGES AND PROMOTES STUDENT ENROLLMENT AT POST-SECONDARY LEVEL INSTITUTIONS. HESC PROVIDES STUDENT LOANS AND LIFE OF LOAN SERVICING AND PROGRAM ADMINISTRATION OF STUDENT LOANS UNDER AGREEMENTS WITH NOTE HOLDERS INCLUDING HIGHER EDUCATION AUTHORITIES. HESC IS RESPONSIBLE FOR THE REPORTING, COLLECTION AND ACCOUNTING FOR THE LOANS. HESC ALSO ADMINISTERS EDUCATIONAL OUTREACH PROGRAMS AND SERVICES IN NORTH TEXAS.

Financials

YearRevenueExpensesAssets
2023$15.7M$0$52.2M
2022$11.8M$0$47M

Compensation

2023

PHILLIP WAMBSGANSS
$275,000
$32,607
$690
$340,268
ROBERT LAMBERSON
$235,000
$29,150
$450
$291,667
KEVIN MONTGOMERY
unclassified
$170,000
$11,597
$300
$204,271
DENISE DUNN-TRAKSHEL
$149,707
$20,670
$1,238
$193,281
VINCENT POLITE
unclassified
$125,000
$14,930
$552
$153,662
BRADFORD BYNUM
unclassified
$0
$0
$0
$146,916
COURTNEY CHURCHWELL
unclassified
$0
$0
$0
$146,026
JEAN-MARC EICHNER
unclassified
$0
$0
$0
$145,801
ANDREW SWAFFAR
unclassified
$0
$0
$0
$145,719
KENNETH D WOODS
$0
$0
$0
$2,400
STEPHEN VINCENT
$0
$0
$0
$2,400
JUDITH SCHNEIDER
$0
$0
$0
$2,400
STEPHANIE BUDUHAN
$0
$0
$0
$2,400
LAURIE BIANCO
$0
$0
$0
$1,800
JOHN HIBBS
$0
$0
$0
$1,800

2022

PHILLIP WAMBSGANSS
$222,285
$40,457
$690
$291,404
ROBERT LAMBERSON
$207,615
$40,850
$450
$274,081
KEVIN MONTGOMERY
unclassified
$142,615
$23,150
$252
$186,751
DENISE DUNN-TRAKSHEL
$126,500
$13,456
$524
$159,294
VINCENT POLITE
unclassified
$0
$0
$0
$145,388
COURTNEY CHURCHWELL
unclassified
$0
$0
$0
$135,988
PAULETTE WALKER
unclassified
$0
$0
$0
$132,967
BRADFORD BYNUM
unclassified
$0
$0
$0
$132,877
JUDITH SCHNEIDER
$0
$0
$0
$1,950
STEPHANIE BUDUHAN
$0
$0
$0
$1,950
STEPHEN VINCENT
$0
$0
$0
$1,950
KENNETH D WOODS
$0
$0
$0
$1,950
LAURIE BIANCO
$0
$0
$0
$1,950

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Data from IRS Form 990 filings (2022-2023).