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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.
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 ...
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 ...
The Washington Post noted that student borrower complaints against MOHELA spiked from 2021 to 2022: The Consumer Financial Protection Bureau (CFPB) went from receiving seven official complaints regarding MOHELA in the last quarter of 2021, to receiving over 500 complaints in the last three months of 2022 over MOHELA's loan servicing practices. [13]
Additionally, a group of student-loan borrowers in California filed a lawsuit on September 5 that accused MOHELA of failing to deliver debt discharges to borrowers who have faced school misconduct ...
Loans with zero interest rate to pay workers salary $10.2-43.1 million Loans with zero interest rate for affected enterprises. Social protection package $2.7 billion Cash transfer for 3 months (April, May and June 2020) for people with merit, poor and near poor households, affected workers and household businesses. Electricity price reduction
The primary social issues in Vietnam are rural and child poverty. Vietnam scores 37.6 in the Gini coefficient index of wealth inequality, with the top 10% accounting for 30.2% of the nation's income and the bottom 10% receiving 3.2%. In 2008, 14% of the population lived below the national poverty line of US$1.15 per day.
It also states MOHELA has not properly tracked public servants’ progress toward student loan forgiveness. Many of AFT’s members are seeking forgiveness under PSLF.