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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]
A Mohela spokesperson told BI that the servicer "is surprised by FSA's sudden change in direction and communication" after the Education Department recently gave it new borrower accounts.
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 ...
A MOHELA spokesperson previously told Business Insider that "providing support to student loan borrowers is the utmost priority to MOHELA, and any claims to the contrary are false."
Many borrowers are reporting their college debts have been forgiven and are breathing a sigh of relief. From Yvette Walker:
This is a list of assets currently or formerly owned by The Walt Disney Company, unless otherwise indicated. [1]As of October 2024, The Walt Disney Company, or just Disney, is organized into three main segments: Disney Entertainment, which includes the company's film, television, music and streaming media assets, ESPN (including ESPN+) and Disney Experiences.
Because MOHELA is such a large and powerful entity which from DuckDuckGo searches clearly is working to suppress negative coverage of its activities, I strongly suggest this article be edit protected, maybe even extend protected, to prevent MOHELA staff/bots from removing negative information. Jamutaq 01:10, 6 December 2022 (UTC)
Key takeaways. FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. After the decision, FedLoan accounts were transferred to MOHELA, Edfinancial, Aidvantage and ...