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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 ...
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 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.
After the decision, FedLoan accounts were transferred to MOHELA, Edfinancial, Aidvantage and Nelnet. ... Student loan interest rates, repayment terms and account balances should remain the same on ...
Around 44% of federal student loan borrowers who begin repayment in October have a new loan service provider. ... (FSA) program are: Great Lakes Educational Loan Services, Edfinancial, MOHELA ...
Navient officially left the market in February 2024 and will transfer its student loans to MOHELA by the end of the year. ... It also introduced a new income-driven repayment plan, SAVE, under ...
Many borrowers are reporting their college debts have been forgiven and are breathing a sigh of relief. From Yvette Walker:
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