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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."
Before we get into the back-and-forth of whether it’s right or wrong for some hardworking people to pay off their student loans, and others be forgiven, remember that we’re talking about a ...
"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 ...
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 ...
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 “enhanced customer support”. [3] [4] In 2021, it was reported that some FedLoan (Pennsylvania Higher Education Assistance Agency) student servicing loans were transferred to MOHELA. [5]
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 ...
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