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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Higher Education Servicing Corporation

Higher Education Servicing Corporation

Fiscal year ending 2023. Filed on February 7, 2024.

4381 W Green Oaks Blvd 200
Arlington, Texas 76016

Higher Education Servicing Corporation (EIN: 75-1661098) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Higher Education Servicing Corporation, a 501(c)(3) charitable organization, reported compensation for 8 out of 62 total employees. Among the employees shown here, the average compensation is $182,344. The highest compensated employee at Higher Education Servicing Corporation is Phillip Wambsganss with fiscal year 2023 compensation of $291,404.

Revenue, expenses, and employee compensation

Revenue

$11,775,166

Expenses

$9,099,664

Employee compensation

$5,091,145
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Phillip Wambsganss
Executive Director
$291,404
$263,432 No related comp$27,972
Robert Lamberson
Information Technology Director
$274,081
$248,915 No related comp$25,166
Kevin Montgomery
Dir-Op Solutions
$186,751
$166,017 No related comp$20,734
Denise Dunn-Trakshel
Controller
$159,294
$140,480 No related comp$18,814
Vincent Polite
Programmer
$145,388
$133,599 No related comp$11,789
Courtney Churchwell
Accounting Director
$135,988
$118,980 No related comp$17,008
Paulette Walker
Dir-Loan Services
$132,967
$120,668 No related comp$12,299
Bradford Bynum
Programmer
$132,877
$121,269 No related comp$11,608

Benchmark Employee Compensation

Non-Employee Board Members

Kenneth D Woods
President
$1,950
$1,950 No related compNo other comp
Stephanie Buduhan
Director
$1,950
$1,950 No related compNo other comp
Stephen Vincent
Director
$1,950
$1,950 No related compNo other comp
Judith Schneider
Secretary and Treasurer
$1,950
$1,950 No related compNo other comp
Laurie Bianco
Director
$1,950
$1,950 No related compNo other comp

Contractors

Norton Rose Fulbright US LLP
Legal
$571,117
Nelnet Servicing Inc.
Loan Servicing
$475,286
Aspire Resources Inc.
Loan Servicing
$435,787
Ventanex
Print/Post.
$424,916
Edfinancial Services
Loan Servicing
$368,873

Mission Statement

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.

Revisions to this organization profile

January 24, 2025:
2024 Higher Education Servicing Corporation 990 filed
February 7, 2024:
2023 Higher Education Servicing Corporation 990 filed
March 20, 2023:
2022 Higher Education Servicing Corporation 990 filed

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