Effective January 1, 2018, Bank of North Dakota (BND) sold and transferred its Federal Student Loan portfolio to North Texas Higher Education Authority, Inc. (NTHEA). This transfer of ownership did not change your interest rate, payment due date or payment amount, unless required based on your enrollment in an Income-Based, Income Sensitive, or Graduated Repayment Plan.
Your Federal Student loan(s) are now serviced by NTHEA’s in-house servicing organization, Higher Education Servicing Corporation (HESC), which provides customer service, billing, and collection activities on behalf of NTHEA. All future correspondence and billing statements will be sent to you from HESC.
Note: BND continues to own, offer and service our state-sponsored DEAL Student Loans.