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One way a group of Democratic lawmakers wants to continue cleaning up the market is by setting their sights on MOHELA, another major federal student-loan company servicing around 8 million ...
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 ...
However, FedLoan stopped servicing federal student loans after December 2022 and the Department of Education then transferred the loans it was servicing to Nelnet, Edfinancial, Aidvantage or MOHELA.
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.
A federal judge temporarily blocked Biden's second try at broader student-loan forgiveness. Student-loan company MOHELA played a central role in the GOP-led states' argument to block the relief.
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