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We’re here to guide you through the repayment process, every step of the way.

As a member of the HUECU, we care about your financial wellness, and strive to take the stress out of repaying your educational loan by providing useful resources, timely support and impartial counseling. Whether you’re looking for general loan information, missed a payment, or need help understanding your repayment benefits, we’re here to help.


Who is UAS?

At HUECU, we are committed to making the student loan repayment experience as seamless as possible. In order to do so, we partner with University Accounting Services (UAS) to provide servicing for our educational loans. With close to 50 years of experience, UAS has a long history of helping borrowers successfully manage and repay their debt. UAS handles on-going repayment and billing communications, and general account inquiries for HUECU. You will maintain a direct relationship with UAS as you work toward repaying your loan.

How do I establish my relationship with UAS?

The first step is to create an on-line account by visiting, www.uasecho.com.

In addition to creating a username and password, you will be asked to use one of the following methods to locate your loan information and create your account:

SSN – Recommended Option: Please use this option if you have a Social Security Number (SSN) already associated with your HUECU Education Loan. If you do not have an SSN or if it was not provided during the loan origination process, please use one of the other methods listed below.

Lender Assigned ID: To use this method, you will need your HUECU member number. If you do not know your member number, please contact our Support Center at 617-495-4460.

Document ID: This method can only be used if you have access to a document delivered to you through the UAS system, such as a monthly statement or past due notice. A document ID is a 12 digit number that starts with 31, and is usually found in the top or bottom right hand corner.

Reach out to UAS at 800-999-6227 or uasloanservice@tsico.com if you are experiencing technical problems, locked out of your account or unable to locate your document ID. International callers should dial 262.780.2000.

Payment Options

Managing your education loans responsibly can benefit your credit rating and potentially assist your future financial goals. UAS offers multiple options for managing your education loan payments, which include the following payment methods:

One-Time Payment

A one-time electronic (ACH) payment from a bank account (Checking or Savings) can be made online by logging into your UAS account at uasecho.com.

Automatic Payment

With automatic payments, payments are automatically deducted from your bank account each month. If you set up automatic payments on your HUECU Graduate Student, Parent, Refinance or Bar & Residency loan(s), you will receive a 0.25% interest rate discount that is effective once the first automatic payment clears. This discount does not apply to bill pay or automatic transfers not set up directly with UAS and is only available for payments made from a U.S. bank account, such as your HUECU account. You can set up automatic payments via the UAS website by visiting uasecho.com.

Automatic Payment Instructions:

1. From the “Payment” menu across the top of the screen, click on “Recurring Payments”.
2. Click on “Create A New Recurring Payment”.
3. If you haven’t already entered your bank account information, you will be prompted to do so.
4. Select the loan for which you would like to setup the recurring payment. If you have more than one loan, a separate recurring payment is needed for each loan.
5. Enter the requested information.
6. Click “Create Recurring Payment”.

Repayment Tip: You can sign up to make automatic payments as low as $25 a month while you are still enrolled in order to receive the interest rate discount.

Credit Card Payment

Due to changes implemented by the payment processor, we are currently unable to accept online credit and debit card payments for education loans. However, we are still accepting card payments by phone. If you need to make a payment using a credit or debit card, please call UAS directly at 800-999-6227

There is a daily credit card payment limit of $800. All credit card payments are treated as a one-time payment transaction and cannot be used to set up automatic payments.

By Check

If you would like to send a check, make the check payable to Harvard University Employees Credit Union and mail it to the following address:

University Accounting Service
P.O. Box 5865
Carol Stream, IL 60197-5865

Be sure to include your account number on your check and the remittance section from your billing statement.

By Phone

You may also call UAS at (844) 870-8701 to make a payment by phone.

International Transfer

If you will be making international transfers, check with your local financial institution, as well as HUECU, to determine the most cost efficient way for you to transfer money.

Payment Application

Anytime a payment is received, it will be applied in the following order:

Late Fees(s) (if applicable)

Any fees charged as a result of the failure to make 1 or more monthly payments before the applicable payment grace period expires.

Outstanding Interest

The amount of interest that accrues daily on the loan, which is determined by factors such as the number of days between payments, the interest rate on the loan, and the outstanding principal loan balance. Interest does not accrue on late fees.

Principal Balance

The portion of the loan’s principal amount included in the most recent monthly billing statement.

Payment Allocation

Allocation is how a payment is distributed across multiple loans. If you have multiple education loan accounts, all of which are serviced by UAS, you may decide to have certain portions of your payment applied to specific loans. To allocate payment(s), visit UAS at https://www.uasecho.com, select “Payments”, choose your payment method, and use the “Pay Toward Loan” column to designate the specific portion of the payment that you would like applied to each account. Additionally, you may call UAS at 1-800-999-6227 for allocation requests or questions.

Fees: Late Payments & Insufficient Funds (NSF)

Late fees are assessed on the 16th day past due. If your payment is missed or paid late, a late fee equal to 5% of the payment or $15 (whichever is lesser) will be assessed if the current payment and past due (if any) amount is not paid before the applicable payment grace period expires. Additionally, the delinquency may be reported to the consumer reporting agencies as past due.

Insufficient funds occur when your account does not have enough money available to cover your payment. If a check or ACH was returned as unpaid, you will be charged an NSF fee of $20. If you have more than one education loan account, each loan will be assessed an appropriate NSF Fee of $20.

Please remember that we are committed to helping you successfully repay your student loan(s). If you are having difficulty making payments, call us at 617-495-4460 as soon as possible.

Making a One-Time Lump Sum Payment

If you make a payment that significantly reduces the balance of your loan, several things may happen:

  • It is likely you will pay off the interest that accrued during enrollment, and going forward your payments will cover any month-to-month interest accrual, and be mostly applied to principal.
  • Your minimum payment will remain the same going forward unless you specifically request that your loan be re-amortized over the remaining term. You may do this by reaching out to the HUECU Contact Center to receive a re-amortization form.
  • If you do not re-amortize for a lower minimum payment, and continue making the current minimum or larger payments, you will pay the loan in full in less than the full term, saving money in interest over time.

Making Principal-Only Payment

UAS does not process principal-only payments for HUECU loans. Your promissory note explicitly states that any payment made is first applied to late charges and fees, then to accrued interest, and the remainder to principal.

  • After capitalization, the balance reduces with payments, and accrues interest on the whole, the exact same way no matter how the payment is applied.
  • If you make payments before repayment and interest capitalization, payments are still split the way they would be during repayment, with a payment partially applied to interest and partially applied to principal.

It’s important to understand how your loan works. The type of educational loan you’ve borrowed will impact how interest is calculated, accrues and when your first payment is due.

Grace Period

If you have a Graduate Student, Bar & Residency, or MGH IHP loan, your loans will enter a 6-month grace period from the date you graduate or separate from your program. At the end of your grace period, any outstanding interest will be capitalized. Your first payment is due one month after your grace period ends.

First Monthly Statement

You will receive your first education loan repayment statement approximately one month before the first payment is due. Your loan type will determine when your official repayment period begins.

For deferred loans, you will be notified of your monthly payment amount when you receive your first monthly billing statement. We are unable to provide your exact payment amount until this time due to interest accrual and capitalization that will occur prior to the start of repayment. You can review the loan disclosures issued during the application process for interest and payment amount information.

Please refer to the table below for general guidance or contact UAS at 800-999-6227 to confirm your first payment due date.

Deferred Repayment
 Loan Type
  • Bar & Residency Loan
  • Harvard Graduate Loan
  • MGH IHP Loan
 Grace Period  6-month grace period after graduation
 Payment Due  30 days after grace period ends

Immediate Repayment
 Loan Type
  • Family Student Loan
  • Student Refinance Loan
  • Harvard Chan Less Than Half-Time Loan
 Grace Period  No grace period
 Payment Due  30 days after disbursement

How Your Payment is Calculated

To calculate your student loan payments, we use a method known as amortization. Amortization is a simple way to evenly spread out costs and is calculated precisely to pay off both principle and interest over a set period of time, known as the term of the loan.

When you first begin to make payments, the amount of your payments that go to interest is higher than the amount that goes to principal.

This ratio slowly shifts over time, as you will pay off the interest that accrued while the loan was deferred and begin paying down more of the borrowed principal.

Towards the end of your loan term, your payments will cover the interest that accrues on a month-to-month basis only, and majority of the payment will be applied to the principal balance.


HUECU offers multiple interest rate options. If you have a variable rate loan, the rate is based on the U.S. Prime Rate (which can be found in the Wall Street Journal). The Prime Rate is an index to which an additional margin is added to determine a final rate. The variable interest rate is adjusted quarterly if the U.S. Prime Rate changes:


Your interest rate will not change over the life of your loan, which means you pay the same amount each month. It also means you know with certainty the total interest that you’ll pay over the life of the loan.


The interest rate will change over the life of your loan based on the Prime rate. This means your interest rate and payment amounts can change over time as well.


The rate is fixed for the first 5 years of repayment and then becomes variable for the remainder of your loan term. This means your rate may begin to fluctuate once the rate becomes variable and payments will adjust accordingly.

Capitalized Interest

Interest capitalization is when unpaid interest is added to the unpaid principal. This occurs at certain times during the life of your loan, typically at the end of the grace period, a deferment, or a forbearance. Depending on your loan program and promissory note, interest may also be capitalized periodically during certain periods when payments are postponed. Capitalization will cause the principal balance to increase, and future interest will accrue on that larger balance.

Simple Interest

The amount of interest that accrues on your loan is determined by a simple daily interest calculation. If your loans are deferred while you are enrolled in your program, then simple interest accrues on your loan principal. After your 6-month grace period, the interest that accrued during enrollment capitalizes, which means it is added to the principal and interest then accrues on the entire balance.

Taxes & Interest

You’re required to repay your student loans with interest. Interest is calculated as a percentage of the amount you borrowed. You may be able to deduct interest paid on your eligible student loans on your federal tax return, which could reduce your taxable income. You can log into your UAS account or contact them at 800-999-6227 to find out when your tax statement (Form 1098-E) will be available.

Repayment Tip: The longer you take to pay off your loan, the more interest will accrue, increasing the amount you will need to repay. We encourage you to make more than the minimum payment each month in an effort to pay the loan down faster and save money on interest.

Whether you’re enrolled in school, pursuing a medical residency program, serving in the military, or experiencing financial difficulty, you may be eligible to temporarily suspend or reduce your loan payments through deferment or forbearance. These benefits are available to members who have borrowed through our Graduate Student and Bar & Residency Loan programs.

It’s important to keep in mind that during periods of deferment and forbearance, interest will continue to accrue and will capitalize when your loan enters repayment. This means, any accrued interest will be added to the principal balance of your loan, increasing your monthly payment amount and the total cost of your loan.

Also, don’t forget to continue making payments until you’ve been notified that your deferment or forbearance has been approved. Otherwise, you assume the risk of your loan falling into delinquency which can have a negative impact on your credit.

Deferment & Forbearance Options

In- School Deferment

As long as you’re enrolled at Harvard or MGH Institute of Health Professional at least half-time, you are eligible for up to 48 months of in-school deferment. After you graduate or separate, your loans will enter a 6-month grace period before repayment begins.

Post Harvard or MGH IHP In -School Deferment

Deferring your loans if you’re returning to school can help to lower or eliminate your payments while your income is limited. However, it’s important to understand that doing so will result in paying more over the life of your loan.

If you are pursuing a graduate degree program post enrollment at Harvard or MGH Institute of Health Professions, you may be eligible to eliminate or make interest only payments for up to 36 months. Your school will need to verify your enrollment, which must be full-time or half-time. Enrollment verification will be required each year you are pursuing your degree. Documentation includes an official letter or certificate from the registrar’s office with a school logo or seal.

Medical Residency Forbearance

HUECU may grant up to four years (48 months), in increments of 12 months, an authorized postponement of payments for graduates of Harvard Medical School and Harvard School of Dental Medicine that are enrolled in an authorized residency program. Documentation must be submitted each year, and includes an official letter from the manager or director of your residency program.

Military Forbearance

If you are in a period of active military service, you may be eligible to postpone your payments. Required documentation includes a written statement from your commanding or personal officer, or a copy of your military orders. Your interest rate will be adjusted to 6% during this time.

Financial Hardship Forbearance 

We understand that repaying your education loans can be hard to do if you are having difficulty finding employment, have experienced a job loss, or have an unplanned medical expense.

If you are experiencing these types of circumstances and are unable to make full payments towards your education loan(s), you can complete a forbearance application to determine a temporary repayment plan that will better suit your needs. Forbearance plans are granted for 6 months, for no more than a year in total. Forbearance is a temporary solution that is intended to provide short-term relief. Once your forbearance period ends, it is expected that you will fulfill your monthly payment obligation until the end of your loan term.

Start Your Forbearance Application

Repayment Tip: Please keep in mind that interest continues to accrue during the forbearance period. Making at least an interest-only payment will prevent the loan balance from rising, and therefore prevent the minimum payment from becoming higher than it was before you entered forbearance.

UAS will handle all statements and repayment information regarding your loan. If you have questions about your account details, billing statements, are experiencing technical problems like being locked out of your account, or want to make a payment towards your loan, please contact UAS directly.

University Accounting Service (UAS)
PO Box 5865
Carol Stream, IL 60197-5865
Phone: 800.999.6227
Email: uasloanservice@tsico.com
Website: www.uasecho.com/Account/SignIn

Whether you’re looking for general loan information, missed a payment, or need help understanding your repayment benefits, we’re always here to help.

HUECU: Educational Lending Department
P.O. Box 382609
Cambridge, MA 02238-2609
Phone: 617.495.4460
International Phone: 262.780.2000
Email: huecu@harvard.edu

Graduate Loan Exit Counseling Resources

Understand loan terms, repayment and how to successfully set up an account with UAS, your loan servicer:

Watch an Overview

An Exit Counseling Form is required for anyone that has borrowed an HUECU graduate student loan. Your school may have restrictions based upon your completion of the form.

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