Navient borrowers can apply for private loan forgiveness if their school misled them. Separately, borrowers with Navient student loans originated between 2003 and 2014 who fell more than 7 months behind on payments can also get cancellation.
A particular flashpoint in the hearing was the states’ arguments that the loan forgiveness program’s potential harms to MOHELA – the Missouri-created entity that services loans in the state – gives Missouri standing. Several justices noted that MOHELA could have filed its own lawsuit challenging...
Federal direct consolidation can have a huge influence on the IBR and PSLF loan forgiveness clocks. Read more Should I Consolidate My FFELP Loan Right Now? Between lawsuits and changing rules, its become very difficult for FFELP borrowers to figure out a plan for their student loans. ...
SoFi’s student loan refinancing program, serviced by the Higher Education Loan Authority of the State of Missouri (MOHELA), accepts applications for federal and private loans (including Parent PLUS and students who wish to take over their parent’s Parent PLUS loans). ...
forgiving any more student debt under the SAVE program until he reaches a decision on the case. Ross agreed with the states that the relief plan would likely reduce the fees the government pays to the Missouri Higher Education Loan Authority, or Mohela, for servicing its federal student loans....
The appeals court focused its decision on the Higher Education Loan Authority of the State of Missouri, or MOHELA, a state-created entity that services federal student loans, finding that the financial impact on the loan servicer due to the debt discharge threatened financial harm to Missouri. ...
Reducing the interest rates on federal loans can save thousands over the life of the loan. However, taking this step could also be a huge mistake because it means that student loan forgiveness programs and income-driven repayment plans are no longer an option. Make sure you are certain you ...
Graduate student loans include federal unsubsidized, federal PLUS and private student loans. Take federal loans first — likely the cheapest option — then compare PLUS and private loans.
What Is Public Service Loan Forgiveness? PSLF was introduced in 2007 to incentivize more people to pursue careers in public service by erasing some of their student debt from federal loans. The program is aimed at helping borrowers who become teachers, nurses or police of...
However, since they will no longer be a loan servicer for Federal loans, MOHELA is taking over the PSLF eligible loans. Which Loans Are Eligible for PSLF? Private student loans are not eligible for loan forgiveness. PSLF is only a program for student loans of the Federal Direct Loans type...