How To Get MOHELA Student Loan Forgiveness
Updated On September 12, 2022
Editorial Note: This content is based solely on the author's opinions and is not provided, approved, endorsed or reviewed by any financial institution or partner.
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:
- What is MOHELA?
- How to get MOHELA student loan forgiveness
- MOHELA student loan forgiveness options
- Biden student loan forgiveness: MOHELA student loans
- How to contact MOHELA customer service
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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:
- Income-Driven Repayment
- Public Service Loan Forgiveness
- Borrower Defense To Repayment
- Total and Permanent Disability
- Teacher Loan Forgiveness
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.
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:
- 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.
- 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