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"Federal Student Aid has determined, through its oversight of federal student loan servicers, that Mohela has not consistently met the Department's standards for serving borrowers. Mohela's ...
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."
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 ...
FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. After the decision, FedLoan accounts were transferred to MOHELA, Edfinancial, Aidvantage and Nelnet.
The White House has touted the new plans as a response to its failed attempt to forgive up to $20,000 in student loan debt among low and middle-income borrowers.
If you die, your federal student loan debt dies with you if unpaid. Private student loans pass on to your estate, spouse, or heirs. Source: Federal Student Aid - US Department of Education (U.S ...
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