How MOHELA Student Loan Forgiveness Works | Filmy Hotspot

How MOHELA Student Loan Forgiveness Works

ver the past couple of years, there has been a lot of commotion within the federal student loan system.

Some of the changes offered welcomed relief to borrowers, such as the temporary pause on monthly payments and

interest charges due to the Covid-19 pandemic. But other long-term adjustments simply led to further confusion.

One of the biggest disruptions is the transfer of federal student loan accounts that were previously held by

FedLoan Servicing to the Missouri Higher Education Loan Authority (MOHELA). If you have federal student

loans managed by MOHELA and want to pursue loan forgiveness,

here’s what you need to know about MOHELA student loan forgiveness.

MOHELA has a track record of over 40 years as a federal student loan servicer.

It’s one of the loan servicers—along with others like Nelnet and Great Lakes—that has extended its federal servicing contract through at least 2023.