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The Biden administration introduced the SAVE plan as an income-driven repayment option that provides most borrowers with lower monthly payments and a faster route to forgiveness than existing IDR ...
Seven GOP-led states filed the first lawsuit against Biden's broader student-loan forgiveness plan. ... memo to the servicer MOHELA saying, "In September of 2024, the Biden-Harris Administration ...
A Missouri judge blocked student-loan forgiveness under the SAVE plan and will soon hear oral arguments on the case. Servicer Mohela plays a key role.
After the Supreme Court struck down Biden's first attempt at broad student-loan forgiveness last summer under the HEROES Act of 2003, which allowed the education secretary to waive or modify ...
Additionally, a group of student-loan borrowers in California filed a lawsuit on September 5 that accused MOHELA of failing to deliver debt discharges to borrowers who have faced school misconduct ...
The Higher Education Loan Authority of the State of Missouri (MOHELA), a federal loan servicer, failed to send timely billing statements to 2.5 million borrowers, officials said in an Oct. 30 news ...
MOHELA was accused of being involved in six state attorneys' general lawsuit against the loan forgiveness program, which MOHELA executives denied. [1] The Supreme Court ultimately decided that it could sue on behalf of MOHELA in Biden v. Nebraska, citing Arkansas v. Texas (1953) and Lebron v. National Railroad Passenger Corp. (1995) [19]
The Department of Education is penalizing one of its student loan servicers for failing to send billing statements on time to 2.5 million borrowers.