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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.
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.
MOHELA, a quasi-governmental organization in Missouri that holds a federal contract to service student loans, has been under fire for months. Teachers union sues MOHELA in federal court, says it ...
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."
MOHELA was founded by Missouri lawmakers in 1981 to oversee loans guaranteed by the U.S. federal government through the Federal Family Education Loan Program. Following the program's abolition in 2010, MOHELA began to expand its presence in the student loan servicing industry.
There are situations where the censorship of certain sites was subsequently removed. For example, when Google Maps and Google Earth were launched, images of the White House and United States Capitol were blurred out; however, these sites are now uncensored. [3]
Until then, all maps had used a rectangular grid with latitude and longitude as straight lines intersecting at right angles. [4]: 543 [5]: 90 For large areas this leads to unacceptable distortion, and for his map of the inhabited world, Ptolemy used projections (to use the modern term) with curved parallels that reduced the distortion.
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. Student loan servicer MOHELA penalized for ...