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Two borrowers filed a lawsuit against the Missouri Higher Education Loan Authority (MOHELA) on Monday alleging it mismanaged student loan forgiveness they are owed under the Public Service Loan Forgiveness Program (PSLF). Jennifer Joy and Misty Thomas allege in the suit that they both have met the requirements to receive student debt relief under the…
The Education Department said it will penalize the Missouri Higher Education Loan Authority, or MOHELA, for sending out late billing statements that caused hundreds of thousands of borrowers to go delinquent.
The Department of Education is withholding millions of dollars in payment for MOHELA over billing statement errors that caused 800,000 borrowers to be placed into delinquency status.
The Department of Education announced Monday that it is withholding millions of dollars in payment to the student loan servicer Missouri Higher Education Loan Authority (MOHELA) over billing statement errors it made. The department said MOHELA “failed to meet its basic obligation” of getting the statements out in a reasonable timeframe, resulting in 2.5 million…