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

   www.aol.com/major-student-loan-company-being...

   The Education Department says Mohela has failed to process borrower applications for key repayment plans. The department isn't assigning new accounts to the student-loan company until it corrects ...

3. Government punishes MOHELA for mishandling resumption of ...

   www.aol.com/government-punishes-mohela...

   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.

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

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

   A Missouri court will hear oral arguments for Biden's SAVE student-loan repayment plan on October 24. The SAVE plan has been blocked for months following challenges from GOP state attorneys general.

5. Higher Education Loan Authority of the State of Missouri

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

   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]

6. Student loan servicer MOHELA penalized for sending late bills

   www.aol.com/student-loan-servicer-mohela...

   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.

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

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

   MOHELA faces lawsuit for alleged misleading lending practices MOHELA, one of six federal student loan servicers, is facing a lawsuit over claims of mismanaging federal loan accounts.

9. Student loans in the United States - Wikipedia

   en.wikipedia.org/wiki/Student_loans_in_the...

   Federal loans are initially designated as standard repayment. [99] Standard repayment borrowers have 10 years to repay. The loan servicer calculates the monthly payment amount that will pay off the original loan amount plus all accrued interest after 120 equal payments. Payments cover interest and part of the principal.