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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.
The Department of Education's announcement comes a week after a department spokesperson said 305,000 federal student loan borrowers received an incorrect bill for October 2023 from MOHELA.
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."
Under the program, eligible public servants, including social workers and teachers, are able to have their debt cancelled after 10 years of service and 120 loan payments made on-time. [13] Student loan borrowers eligible for PSLF relief have filed suit against MOHELA, accusing the servicer of delaying the cancellation of their debt and forcing ...
Ministry of Relief & Rehabilitation (Maharashtra) Style: The Honourable: Abbreviation: Cabinet Minister: Member of: State Cabinet: Reports to: Chief Minister, Maharashtra Legislature: Seat: Mantralaya, Mumbai: Appointer: Governor on the advice of the Chief Minister: Term length: 5 years: Precursor: Eknath Shinde Chief Minister (2022- 2023 ...
Nandamuri Taraka Rama Rao (also known as N.T.R [1] [2]) served as Chief Minister of United Andhra Pradesh for four terms, between 1983 and 1995. He was the first person to hold the office while not a member of the Indian National Congress, [1] while representing the Telugu Desam Party (TDP), which he himself founded in 1982.
Since student-loan payments resumed last October after a more than three-year pause, Mohela has been under scrutiny from the Education Department, lawmakers, and advocates over its handling of ...
Some student loan borrowers were put into administrative forbearance until their correct payment amount is calculated. 305,000 student loan borrowers incorrectly billed as payments resume Skip to ...