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MOHELA was founded by Missouri lawmakers in 1981 to oversee loans guaranteed by the U.S. federal government through the Federal Family Education Loan Program. Following the program's abolition in 2010, MOHELA began to expand its presence in the student loan servicing industry.
Servicer Mohela plays a key role. A Missouri judge blocked student-loan forgiveness under the SAVE plan and will soon hear oral arguments on the case. ... of $12,000 or less and made as few as 10 ...
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.
A MOHELA spokesperson previously told Business Insider that "providing support to student loan borrowers is the utmost ... share key data with our offices and federal and state regulators, and act ...
Andrew Bailey is an American attorney and politician. A Republican, he has served as the 44th Missouri Attorney General since he was appointed by Governor Mike Parson in November 2022 to succeed Eric Schmitt as Attorney General following Schmitt's election to the U.S. Senate.
Blunt proposed selling Missouri's student loan agency, known as MOHELA, and using the proceeds to pay for endowments and new construction for the state's public universities. [32] In the area of elementary and secondary education, Blunt has proposed that school districts be required to spend at least 65% of their budgets on student instruction.
MOHELA, a quasi-governmental organization in Missouri that holds a federal contract to service student loans, has been under fire for months. Teachers union sues MOHELA in federal court, says it ...
As of July 2023, the four companies which service the majority of student loans are Aidvantage, EdFinancial Services, MOHELA (Higher Education Loan Authority of the State of Missouri) and Nelnet. [40] ECSI (Educational Computer Systems, Inc.) is the exclusive servicer for the remaining Perkins Loans.