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For example, Federal Student Aid announced in April that over 1 million student-loan borrowers were being transferred from Mohela to new servicers upon Mohela request to allow borrowers to receive ...
If the plan is approved and implemented, 25 million federal student loan borrowers may receive student loan forgiveness. In other student loan forgiveness news, the U.S. 8th Circuit Court of ...
Educational assistance programs have been available for many years, the IRS noted, but the option to use them to pay student loans has been available only for payments made after Mar. 27, 2020.
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 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 loans will still be held by a student loan servicer. But MOHELA will no longer be the only servicer handling the loans of borrowers enrolled in PSLF. An estimated 1 million borrowers could ...
The department also said Mohela had failed to stop capitalizing interest on borrowers' accounts, incorrectly marked some borrowers for negative credit reporting, and failed to process forgiveness ...
“After 10+ years of teaching public speaking …, I have met all of the requirements to be eligible for Public Student Loan Forgiveness. I made my first payment in 2011 and have been on time ...