Last Updated Jan. 28, 2021
During this time no interest is accruing and no payment will be due before at least Oct. 1, 2021 - unless you opted out of the forbearance.
This page as well as StudentAid.gov/coronavirus will be updated with information for students, borrowers, and parents on a regular basis, so please check back frequently.
Below are the actions being taken to provide continued relief:
0% Interest Rate
Temporarily Postponed Payments Through At Least Sept. 30, 2021
During the Administrative Forbearance
Opting Out (Ending) the Administrative Forbearance
StudentAid.gov/coronavirus has information about topics such as the 0% interest period, forbearance (temporary suspension of payments), and defaulted loans.
On January 20, 2021, President Biden directed the United States Department of Education to extend the pause on interest accrual and payments due on certain Student Loans owned by the Federal Government. The President’s directive is to remain in place at least through September 30, 2021. Your loans owned by MOHELA, which you received under the former Federal Family Education Loan Program, do not qualify for this pause in interest accrual or payments due. We are committed to assisting you with your student loan needs and will continue to provide updates regarding the actions we are taking to help you.
We are here to assist with you student loan needs during the Coronavirus (COVID-19) situation. If you or your family has been impacted by COVID-19, please contact MOHELA at 888.866.4352 or send us a secure message through your online account at mohela.com. Options are available to help manage your student loan repayment which include pausing of payments through forbearance or a modification to existing loan terms.