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The American Federation of Teachers filed the lawsuit in U.S. District Court in Washington D.C. against the Missouri Higher Education Loan Authority, better known as MOHELA.
The Washington Post noted that student borrower complaints against MOHELA spiked from 2021 to 2022: The Consumer Financial Protection Bureau (CFPB) went from receiving seven official complaints regarding MOHELA in the last quarter of 2021, to receiving over 500 complaints in the last three months of 2022 over MOHELA's loan servicing practices. [13]
In response, the department announced it is withholding a $7.2 million payment to student loan servicer MOHELA for not providing student loan bills on time. The Education Department said 2.5 ...
Andrew Bailey (politician) Andrew Bailey is an American attorney and politician. A Republican, he has served as Missouri Attorney General since appointment by Governor Mike Parson in January 2023. During his tenure as attorney general, Bailey has adopted conservative positions. He has refused to release prisoners after overturned convictions ...
The Department of Education is penalizing one of its student loan servicers for failing to send billing statements on time to 2.5 million borrowers.
Public Service Loan Forgiveness. The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time ...
If you were one of the 1 million borrowers with a CornerStone loan, your loan has been transferred to another loan servicing agency. Since FedLoan is no longer in the student loan servicing ...
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related to: complaints against mohela