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The Biden-Harris administration today announced its next step toward a round of student debt relief planned for this fall. If the plan is approved and implemented, 25 million federal student loan ...
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. Student loan servicer MOHELA penalized for ...
Who qualifies for $20,000 in student loan debt forgiveness? Borrowers who received Pell Grants and make less than $125,000 as individuals or less than $250,000 as married couples are eligible to ...
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 participated in the Federal ...
US Education Secretary Miguel Cardona (R) looks on as US President Joe Biden delivers remarks on the student debt relief portal beta test, in the South Court Auditorium of the Eisenhower Executive ...
The Department of Education's announcement comes a week after a department spokesperson said 305,000 federal student loan borrowers received an incorrect bill for October 2023 from MOHELA.
The Education Department recommends that you apply for student debt forgiveness before mid-November if you want it applied to your account before federal student loan payments resume in January 2023.
If you owe less than $10,000 in federal loans (or $20,000, if you received a Pell Grant), the one-time relief will wipe out that debt, but you won't receive a check for any amount left over.
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related to: student loan debt relief application mohela portal account services email