Student Loan Debt Relief Plan
Just announced: New one-time student loan cancellation to be granted based on income for loans held by the Department of Education. You can view updates at StudentAid.gov/debtrelief. To determine if you received a Pell Grant log in to your StudentAid.gov account to view your account dashboard for a breakdown of your financial aid.
PSLF Waiver Offers Way to Get Closer to Loan Forgiveness
On Oct. 6, 2021, the U.S. Department of Education (ED) announced a change to Public Service Loan Forgiveness (PSLF) program rules for a limited time as a result of the COVID-19 national emergency. Now, for a limited period of time, borrowers may receive credit for past periods of repayment that would otherwise not qualify for PSLF. Check mohela.com/pslfwaiver.
Income-Driven Repayment and Public Service Loan Forgiveness Program Account Adjustment
U.S. Department of Education (ED) revealed several changes and updates that will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans. ED will begin work on implementing these changes immediately, but borrowers will not see the effect in their accounts until fall of 2022. Learn more at mohela.com.
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. Learn more about the transition of Public Service Loan Forgiveness.
We appreciate your patience during the transition period.
Check mohela.com/covid19 for information regarding student loan payments restarting, updates about student loan processing, and COVID-19.
New Message For Borrowers Serviced by MOHELA:
COVID-19 emergency relief for federal student loans held by the Department of Education has been extended through December 31, 2022. Visit StudentAid.gov/coronavirus for updates.
During this time no interest is accruing. In addition, no payment will be due until after the payment pause ends, unless you opted out of the forbearance (payment pause).
Welcome Recently Transferred Borrowers!
Have you recently received notification that your loans will be transferring to MOHELA? Get more information about the transfer.