Can colleges return funds to HESC?
Colleges should apply their standard policies and procedures for crediting student accounts and refunding excess funds to students. In the event that you are unable to locate the student, or at the student’s direction, you may return funds to HESC. Colleges using EFT should return funds on the standard EAR file. If possible, please complete the “reason for return” field on the EAR file. If you return funds by check, send all returns to: “Cashier, New York State Higher Education Services Corporation, 99 Washington Avenue, Albany, New York, 12255.” For full returns, please send the original check. For partial returns, be sure to include the original check number, student Social Security number, and account owner Social Security number, this data is included on the original check stub.
