How To Get MOHELA Student Loan Forgiveness

By Mentor Staff | Edited By Mentor Staff

Updated On September 12, 2022

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Many student loan borrowers have asked how to get MOHELA student loan forgiveness. If you have federal student loans, you may wonder whether MOHELA can help. However, given numerous delays and confusing instructions, it can be difficult to navigate the right path to forgiveness of your student loans. This guide will tell you everything you need to know about how to get student loan forgiveness if you have student loans with MOHELA.

Here’s what you should know about MOHELA student loan forgiveness. In this guide, we will discuss:

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Variable APR ?APR, or Annual Percentage Rate, is the price you pay to borrow money. Variable APR means that your interest rate can fluctuate over time, which can increase or decrease your monthly student loan payment. Typically, a variable-rate loan has a lower introductory rate than a fixed-loan rate loan. Variable APR includes a 0.25% discount when you enroll in autopay.
Fixed APR ?APR, or Annual Percentage Rate, is the price you pay to borrow money. Fixed APR means that your interest rate will always stay the same. Even if interest rates change, your interest rate or monthly payment will not. Fixed APR includes a 0.25% discount when you enroll in autopay.
APR
3.40% - 8.40%
3.99% - 8.24%
3.40% - 8.40%

View Details

on SoFi's website

Overview

Variable APR:
3.40% - 8.40%
Fixed APR:
3.99% - 8.24%
Minimum Credit Score:
650
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,000 ($10,000 in CA)

Details

Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All states
Hardship Deferment:
Yes
Co-signer Option:
Yes
2.49% - 7.99%
3.74% - 8.49%
2.49% - 8.49%

View Details

on Earnest's website

Overview

Variable APR:
2.49% - 7.99%
Fixed APR:
3.74% - 8.49%
Minimum Credit Score:
650
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,000

Details

Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5-20 years
Borrower Residency:
All States except NV
Hardship Deferment:
Yes
Co-signer Option:
No
2.49% - 7.99%
3.74% - 8.49%
2.49% - 8.49%

View Details

on NaviRefi's website

Overview

Variable APR:
2.49% - 7.99%
Fixed APR:
3.74% - 8.49%
Minimum Credit Score:
650
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,001 ($10,001 in CA)

Details

Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5-20 years
Borrower Residency:
All States except NV
Hardship Deferment:
Yes
Co-signer Option:
No
2.48% - 7.24%
4.29% - 7.29%
2.48% - 7.29%

View Details

on ELFI's website

Overview

Variable APR:
2.48% - 7.24%
Fixed APR:
4.29% - 7.29%
Minimum Credit Score:
680
Minimum Income:
$35,000
Fees:
None
Minimum Loan Amount:
$10,000

Details

Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All States
Hardship Deferment:
Yes
Co-signer Option:
Yes
2.49% - 11.72%
2.59% - 8.74%
2.49% - 11.72%

View Details

on Splash's website

Overview

Variable APR:
2.49% - 11.72%
Fixed APR:
2.59% - 8.74%
Minimum Credit Score:
640
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,000

Details

Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5 – 25 years
Borrower Residency:
All states
Hardship Deferment:
Varies
Co-signer Option:
No
3.84% - 10.07%
4.49% - 10.11%
3.84% - 10.11%

View Details

on Citizens' website

Overview

Variable APR:
3.84% - 10.07%
Fixed APR:
4.49% - 10.11%
Minimum Credit Score:
Not disclosed
Minimum Income:
$24,000
Fees:
No prepayment or origination fees
Minimum Loan Amount:
$10,000

Details

Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All states
Hardship Deferment:
Yes
Co-signer Option:
Yes
2.50% - 6.30%
3.99% - 6.40%
2.50% - 6.40%

View Details

on Laurel Road's website

Overview

Variable APR:
2.50% - 6.30%
Fixed APR:
3.99% - 6.40%
Minimum Credit Score:
660
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,000

Details

Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All States
Hardship Deferment:
Yes
Co-signer Option:
Yes
4.13% - 7.39%
2.99% - 9.93%
2.99% - 9.93%

View Details

on LendKey's website

Overview

Variable APR:
4.13% - 7.39%
Fixed APR:
2.99% - 9.93%
Minimum Credit Score:
680
Minimum Income:
$24,000
Fees:
None
Minimum Loan Amount:
$5,000

Details

Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All states, except ME, ND, NV, RI, WV
Hardship Deferment:
Yes
Co-signer Option:
Yes
-
3.94% - 9.08%
3.94% - 9.08%

View Details

on ISL's website

Overview

Variable APR:
-
Fixed APR:
3.94% - 9.08%
Minimum Credit Score:
670
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,000 ($10,000 in CA)

Details

Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All states, except OR and ME
Hardship Deferment:
Yes
Co-signer Option:
Yes

What is MOHELA?

Based in St. Louis, Missouri, MOHELA is a leading student loan servicer with over 40 years of experience. MOHELA, or the Missouri Higher Education Loan Authority, services both private and federal student loans for millions of student loan borrowers.

Like Aidvantage, Edfinancial and Great Lakes, MOHELA acts as customer service on behalf of lenders such as the U.S. Department of Education. For example, the U.S. Department of Education selected MOHELA as the exclusive student loan servicer for the Public Service Loan Forgiveness program. MOHELA is also the student loan servicer for the Teacher Education Assistance for College and Higher Education (TEACH) grant.

MOHELA will replace the Pennsylvania Higher Education Assistance Agency (PHEAA) – also known as FedLoan Servicing – as the student loan servicer for these programs. As the exclusive student loan servicer, MOHELA will manage student loan payments and answer question about these programs, among other responsibilities.

How to get MOHELA student loan forgiveness

How do you get MOHELA student loan forgiveness? If you have federal student loans with MOHELA, there are many options to get your student loans forgiven. Importantly, MOHELA doesn’t offer specific programs for student loan forgiveness. However, if MOHELA is your student loan servicer, you can still qualify for student loan forgiveness through various federal programs. For example:

These five federal student loan forgiveness programs are available to student loan borrowers with federal student loans. Each program has its own requirements and offers either partial student loan forgiveness or total student loan cancellation. Make sure you review all the requirements for each program. For example, if you have FFELP Loans or Perkins Loans, you may need to do a Direct Loan Consolidation before you can qualify for student loan forgiveness.

MOHELA student loan forgiveness options

If you have federal student loans and MOHELA is your student loan servicer, there are several options to get student loan forgiveness.

Income-Driven Repayment

There are several income-driven repayment plans, including Income-Based Repayment (IBR), Pay As You Earn (PAYE), Revised Pay As You Earn (REPAYE) and Income-Contingent Repayment (ICR).

After 20 years (undergraduate student loans) or 25 years (graduate student loans) of monthly student loan payments, student loan borrowers can qualify for student loan forgiveness on their remaining federal student loan balance. President Joe Biden proposed a new student loan forgiveness plan, which would include lower monthly student loan payments and earlier student loan forgiveness.

Apply for an income-driven repayment plan: To enroll in an income-driven repayment plan, contact MOHELA or your student loan servicer.

Public Service Loan Forgiveness

Public Service Loan Forgiveness is a federal program that helps student loan borrowers who work for a qualified non-profit or public service employer get total federal student loan cancellation. Borrowers must meet several requirements, including enrolling in an income-driven repayment plan and making 120 monthly student loan payments.

Apply for public service loan forgiveness: To apply for public service loan forgiveness, contact MOHELA, your student loan servicer or the U.S. Department of Education.

Borrower Defense To Repayment

Borrower defense to repayment is an option to get student loan cancellation for millions of student loan borrowers. If your college or university closed or misled you, and you have MOHELA student loans, you could qualify for partial student loan cancellation or total student loan cancellation.

Apply for borrower defense to repayment: To apply for borrower defense to repayment, you can apply directly through the U.S. Department of Education.

Total and Permanent Disability

If you have a total and permanent disability, and you have MOHELA student loans, the federal government can forgive your student loans.

Apply for total and permanent disability: To apply for total and permanent disability, you can apply directly through the U.S. Department of Education.

Teacher Loan Forgiveness

Teacher Loan Forgiveness is a program to forgive federal student loans. If you have MOHELA student loans and want your student loans forgiven, you could be eligible if you meet several requirements. For example, you could earn up to $17,500 of forgiveness if you teach full-time for five complete and consecutive academic years in a low-income school or educational service agency.

Apply for teacher loan forgiveness: To apply for Teacher Loan Forgiveness, you can apply directly through the U.S. Department of Education.

Biden student loan relief: MOHELA student loans

President Biden announced historic student loan relief for millions of student loan borrowers. Biden’s plan included both wide-scale student loan relief and a final extension of the student loan payment pause. If you have MOHELA student loans, here’s how to qualify for $10,000 of loan forgiveness:

  1. Federal student loans: you must have a federal student loan that is owned by the federal government. For example, eligible federal student loans include Direct Loans such as Direct Subsidized Loans, Direct Unsubsidized Loans and Direct Consolidation Loans. Importantly, the U.S. Department of Education doesn’t own all federal student loans. For example, many FFELP Loans and Perkins Loans are owned by third-party investors as well as colleges and universities, respectively.
  2. Income Requirement: You must have earned up to $125,000 annually during the Covid-19 pandemic. Your family income must be less than $250,000.

If you received a Pell Grant to attend college, then you could be eligible to receive up to $20,000 in loan forgiveness.

How to contact MOHELA customer service

There are various ways to contact MOHELA customer service. If MOHELA is your student loan servicer, you can contact MOHELA to learn more about options for loan forgiveness.

MOHELA Phone Number: 1-866-222-7060

MOHELA Hours of Operation: MOHELA Hours of Operation: Monday – Thursday 7 am – 9 pm CT and Friday 7 am – 5 pm CT

MOHELA Website: MOHELA.com

MOHELA Login: You can login to MOHELA with this link at MOHELA.com.

MOHELA Email: You can email MOHELA through the Email Us feature in the Help Center on the MOHELA website.

MOHELA Fax Number: 1-866-222-7060

MOHELA Social Media: MOHELA FacebookMOHELA LinkedIn and MOHELA Twitter

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