MOHELA is an acronym for the Missouri Higher Education Loan Authority. MOHELA is one of the largest nonprofit loan servicers in the United States. It was originally formed in 1981 to service loans from the Federal Family Education Loan (FFEL) Program. Now it services both private and federal student loans.
Is MOHELA federal debt?
MOHELA, or the Missouri Higher Education Loan Authority, is a nonprofit company and services both federal and private student loans. If MOHELA is your federal student loan servicer, here’s what it can help you do. Register for online access to your account.
Who owns MOHELA loans?
MOHELA is among the 10 largest student loan servicers, alongside FedLoan Servicing (PHEAA), Granite State (GSMR), HESC/Edfinancial, Navient, Nelnet, and OSLA Servicing (as well as previously CornerStone and Great Lakes Educational Loan Services, Inc.)….Higher Education Loan Authority of the State of Missouri.
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| Employees | 625 (2013) |
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What bank does MOHELA use?
DR Bank
Your new education finance loan is now being serviced by MOHELA on behalf of DR Bank. With over 35 years in the student loan servicing industry, we have the expertise to help manage your loans.
Can I trust MOHELA?
It’s a legit loan servicer, and, if you’ve heard of them, they may be responsible for your federal loans.
Is MOHELA a profit?
MOHELA received the first not-for-profit (NFP) contract and began servicing student loans owned by the federal government under the U.S. Department of Education Federal Loan Program in October 2011. MOHELA was created, in part, to help students obtain low-cost education loans.
Do I have to pay Mohela?
After you graduate college or drop below half-time enrollment and following any applicable grace period, you are responsible for making your regular monthly payments.
Is MOHELA a good company?
So what’s the scoop on MOHELA? It’s a legit loan servicer, and, if you’ve heard of them, they may be responsible for your federal loans.
What is MOHELA’s address?
MOHELA 633 Spirit Drive Chesterfield, MO 63005-1243 Do not submit payments to this address.
What is MOHELA’s response to coronavirus?
The health and well-being of our customers, staff, and our community are a top concern during the emerging Coronavirus (COVID-19) situation. MOHELA is committed to keeping our customers informed should any interruption in services occur. Customer service updates will be posted here.
How do I make a payment to MOHELA?
Log in or call for your payment address. For convenience, you may also pay online or by phone. Please make checks payable to MOHELA and include your 10 digit Account Number. Please make checks payable to MOHELA and include your 10 digit Account Number. How Can We Assist You?
What can MOHELA do for You?
MOHELA is committed to providing enhanced tools to help schools proactively manage their portfolios. Our dedicated staff offers first-class service.
