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  2. A major student-loan company is being punished for ... - AOL

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    It was the first servicer to receive a punishment from the department last year — on October 30, 2023, the department announced it would be withholding $7.2 million in pay from Mohela over its ...

  3. 25 million borrowers to be notified of potential student loan ...

    www.aol.com/finance/25-million-borrowers...

    In October, the Education Department withheld a $7.2 million payment from MOHELA as a penalty for failing to deliver 2.5 million billing notices on time. The billing delays resulted in 800,000 ...

  4. 8 million student-loan borrowers who remain blocked from ...

    www.aol.com/8-million-student-loan-borrowers...

    Servicer Mohela plays a key role. 8 million student-loan borrowers who remain blocked from cheaper payments and debt cancellation are getting a step closer to a final decision on Biden's new ...

  5. Higher Education Loan Authority of the State of Missouri

    en.wikipedia.org/wiki/Higher_Education_Loan...

    Student borrowers' complaints against MOHELA include: [14] [15] Charges for late payments due to delayed processing of those made to the Department of Education (DOE) before the transfer; Failure to process borrowers' forms; Suspension of auto-payment programs; Changes to borrower's selected repayment plan and unwanted forbearances and deferments

  6. Economic policy of the Joe Biden administration - Wikipedia

    en.wikipedia.org/wiki/Economic_policy_of_the_Joe...

    In October 2023, the Department of Education announced that it would withhold $7.2 million in payment to the Missouri Higher Education Loan Authority (MOHELA) for failing to send billing statements on a timely basis to 2.5 million borrowers that caused 800,000 borrowers to fall into delinquency and the Department directed MOHELA to place all ...

  7. Public Service Loan Forgiveness - Wikipedia

    en.wikipedia.org/wiki/Public_Service_Loan...

    The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service.

  8. Something new is happening with Mohela student loans - AOL

    www.aol.com/something-happening-mohela-student...

    Student loan interest starts cranking up again Sept. 1. Payments start again in October. Borrowers, are you ready? No matter your political beliefs, I bet a lot of you were on the edge of your ...

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