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The Harris-Biden administration had already canceled $5.5 billion in student loan debt before the preliminary injunctions. The SAVE plan was unveiled last August after an earlier debt cancellation ...
In October, the Education Department withheld a $7.2 million payment from MOHELA as a penalty for failing to deliver 2.5 million billing notices on time. The billing delays resulted in 800,000 ...
The current loan service providers for the Federal Student Aid (FSA) program are: Great Lakes Educational Loan Services, Edfinancial, MOHELA, Aidvantage, Nelnet, OSLA Servicing, ECSI, and the ...
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]
Many borrowers are reporting their college debts have been forgiven and are breathing a sigh of relief. From Yvette Walker:
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. Some loan terms may be shorter than 10 years. The minimum monthly payment varies in amount, but is usually within the range of $50-100.
Rep. Ayanna Pressley (D-Mass.) is calling for a freeze on student loan payments if the federal government shuts down. Federal student loan payments are set to restart in October after a three-year ...
Acting Attorney General Sally Yates informs White House Counsel Don McGahn that National Security Advisor Michael Flynn's public account of his interactions with Russian officials during the transition were untruthful, making him vulnerable to blackmail. [64] [65] President Trump aboard Air Force One during a trip to Philadelphia: Friday ...