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News & Announcements

• Coronavirus Situation

  The health and well-being of our customers, staff, and our community are a top concern during the emerging Coronavirus (COVID-19) situation. MOHELA is committed to keeping our customers informed should any interruption in services occur. Customer service updates will be posted here.  
  
  President Biden recently announced that student loan payments will continue to be paused and interest will continue to be waived for all student loans held by Federal Government Agencies. Unfortunately, this payment suspension and interest waiver does not apply to MOFELP private educational loans because they are not held by a Federal Government Agency.

  If you are experiencing difficulty making your payments due to the Coronavirus situation contact us to discuss your forbearance options available to temporarily postpone your monthly payment. If you are directly impacted by Coronavirus or you are experiencing interruption, reduction or loss of pay due to the National Emergency we can help you.

• MOFELP Application Packets

  MOFELP Application Packets are available.

  The funds for MOFELP are limited for each academic year and are available on a first come, first served basis.

• Scholarship Central

  Check out Scholarship Central for multiple scholarship opportunities for students. By completing a general application you can be matched to opportunities that may be available to you.

• Public Service Loan Forgiveness

  Public Service Loan Forgiveness is not available on private student loans.  Important Notice: The recent federal student loan announcement regarding one-time student loan cancellation is applicable to federal student loans only and does not include private student loans. 

  Please note, private student loans are not eligible for a refund of payments made during the Covid-19 Forbearance.