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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.
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 ...
As part of the U.S. federal government's response to the COVID-19 pandemic, the Federal Student Aid (FSA) office initiated a temporary pause on student loan payments alongside a 0% interest rate. [2] In June 2020, the DOE announced that MOHELA was one of five servicers that would help oversee the federal student loan portfolio in order to bring ...
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
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.
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 ...
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 ...