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Is MOHELA private or federal loans?

Federally-Owned Loans Serviced by MOHELA With over 40 years in the student loan servicing industry, we have the expertise to help manage your loans \u2013 answer any account questions, help you explore your benefits and repayment options and process your payments.

Is MOHELA student loans going to be forgiven?

Public Service Loan Forgiveness Servicer Beginning July 2022, MOHELA will transition to become the student loan servicer for Public Service Loan Forgiveness (PSLF). Borrowers pursuing PSLF whose loans are serviced by FedLoan Servicing will transfer to MOHELA.

How do I get rid of my MOHELA student loan?

Review the seven steps to forgiveness under PSLF to make sure you're on the right track. Verify Employment. Review Loan Eligibility. Check Your Repayment Plan. Confirm Your Qualifying Payments. Make Qualifying Payments. Track Your Payments. Submit Your PSLF Form for Forgiveness.

Are MOHELA loans getting forgiven?

Public Service Loan Forgiveness Servicer Beginning July 2022, MOHELA will transition to become the student loan servicer for Public Service Loan Forgiveness (PSLF). Borrowers pursuing PSLF whose loans are serviced by FedLoan Servicing will transfer to MOHELA.

How long does MOHELA take to process PSLF application?

Please allow at least 90 business days for your form to be processed. Loans NOT serviced by MOHELA? Your demographic information will not be on file until the PSLF form is processed which is currently taking at least 90 business days. Once processed your loans will be transferred from your current servicer to MOHELA.

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What is MOHELA PSLF?

Public Service Loan Forgiveness Servicer Beginning July 2022, MOHELA will transition to become the student loan servicer for Public Service Loan Forgiveness (PSLF). Borrowers pursuing PSLF whose loans are serviced by FedLoan Servicing will transfer to MOHELA.

What kind of student loan is MOHELA?

MOHELA student loans: the basics MOHELA services loans under the direct loan and Federal Family Education Loan (FFEL) programs. If MOHELA is your federal student loan servicer, you'll make payments directly to it. You can contact its customer service team to ask questions or discuss repayment options.

Is a MOHELA loan a direct loan?

MOHELA student loans: the basics MOHELA services loans under the direct loan and Federal Family Education Loan (FFEL) programs. If MOHELA is your federal student loan servicer, you'll make payments directly to it. You can contact its customer service team to ask questions or discuss repayment options.

Are MOHELA loans considered student loans?

Mohela is not a student loan lender. Instead, Mohela is a student loan servicer, which means they get paid to collect payments and answer questions about repayment. Because Mohela services both federal and private student loans, it may confuse borrowers.

Which student loans will be forgiven?

Generally, most federal student loans qualify for forgiveness, including Pell Grants, government-owned FFEL loans, and Direct Loans such as Parent PLUS and Grad PLUS loans. Certain loans from the Federal Perkins Loan Program, such as ones held by colleges, may be excluded. All private student loans are also excluded.

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