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  2. Higher Education Loan Authority of the State of Missouri

    en.wikipedia.org/wiki/Higher_Education_Loan...

    Website. www.mohela.com. The Higher Education Loan Authority of the State of Missouri, also known as the Missouri Higher Education Loan Authority or MOHELA is one of the largest holders and servicers of student loans in the United States. Its headquarters are in St. Louis, Missouri. Created in 1981 as a quasi-governmental entity, MOHELA ...

  3. Student-loan companies that don't do their jobs should be ...

    www.aol.com/news/student-loan-companies-dont...

    Terminate MOHELA's contract and put loan services on notice: we will not tolerate your negligence and exploitation; we will not let you profiteer off vulnerable student borrowers."

  4. FedLoan is no longer handling federal student loans: Here’s ...

    www.aol.com/finance/fedloan-no-longer-handling...

    Key takeaways. FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. After the decision, FedLoan accounts were transferred to MOHELA, Edfinancial, Aidvantage and ...

  5. What to know if CornerStone was your student loan servicer - AOL

    www.aol.com/finance/know-cornerstone-student...

    Key takeaways. CornerStone was previously one of eight approved federal student loan servicing agencies that provided loans nationwide. Although Cornerstone was contracted to service loans through ...

  6. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    The loan servicer calculates the monthly payment amount that will pay off the original loan amount plus all accrued interest after 120 equal payments. Payments cover interest and part of the principal. Some loan terms may be shorter than 10 years. The minimum monthly payment varies in amount, but is usually within the range of $50-100.

  7. Public Service Loan Forgiveness - Wikipedia

    en.wikipedia.org/wiki/Public_Service_Loan...

    Public Service Loan Forgiveness. The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time ...

  8. Student loan servicer MOHELA penalized for sending late bills

    www.aol.com/student-loan-servicer-mohela...

    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.

  9. Government punishes MOHELA for mishandling resumption of ...

    www.aol.com/government-punishes-mohela...

    In response, the department announced it is withholding a $7.2 million payment to student loan servicer MOHELA for not providing student loan bills on time. The Education Department said 2.5 ...

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