MOHELA

MOHELA: Missouri Higher Education Loan Authority or MOHELA is one of the largest holders and servicers of student loans in the United States.

MOHELA is a quasi-governmental, nonprofit organization based in St. Louis, Missouri, and one of the largest student loan servicers in the USA. Established in 1981 by the Missouri General Assembly, MOHELA was created to manage student loans under the Federal Family Education Loan Program (FFELP) and has since expanded to service both federal and private student loans.

Key Points About MOHELA include:

Role: MOHELA services student loans on behalf of the U.S. Department of Education (ED) and private lenders, handling tasks like processing payments, managing repayment plans, and assisting with loan forgiveness programs.
Public Service Loan Forgiveness (PSLF): From July 2022 until May 2025, MOHELA was the primary servicer for the PSLF program, which offers debt forgiveness to public sector employees after 120 qualifying payments. As of July 2025, the ED will fully manage PSLF, though MOHELA may still service some loans.
Scale: As of August 2023, MOHELA managed over 7.5 million borrower accounts, including federal and private loans.
Services: Borrowers can access loan details, enroll in income-driven repayment plans, request deferment or forbearance, and manage payments through MOHELA’s website (mohela.com).