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By August 2022, MOHELA was responsible for overseeing some 6.7 million student borrower accounts on the DOE's behalf, along with around 330,000 private loan borrowers. [1] This increased to over 7.5 million borrowers by August 2023. [7] As of December 2022, MOHELA has a 1.01 star rating from the Better Business Bureau. [8]
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.
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 ...
The Department of Education's announcement comes a week after a department spokesperson said 305,000 federal student loan borrowers received an incorrect bill for October 2023 from MOHELA.
Heartland Payment Systems, Inc. is a U.S.-based payment processing and technology provider. Founded in 1997, Heartland Payment Systems' last headquarters were in Princeton , New Jersey. [ 2 ] The company was acquired by Global Payments for $4.3 billion in 2016.
The company first started shipping out of Huang's garage in Edison, New Jersey, before opening their first fulfillment center, also in Edison, in December 2013. In May 2014, Boxed launched Express, its on-demand grocery delivery service, available in most of New York City, parts of New Jersey, and Boston. Customers can shop bulk sizes of fresh ...