The Higher Education Loan Authority of the State of Missouri, aka the Missouri Higher Education Loan Authority or MOHELA, is one of the largest holders and servicers of student loans in the United States. Its headquarters are in St. Louis, Missouri. MOHELA is among the ten largest student loan servicers. Created in 1981 as a quasi-governmental entity, MOHELA participated in the Federal Family Education Loan Program (FFELP) for nearly three decades. Several complaints from borrowers have been made about loan-handling during and after the switch to MOHELA, with their complaining of charges for late payments due to delayed processing of those made to the Department of Education before the transfer, suspension of auto-payment programs, increased payment amounts, lengthened estimated repayment-dates, changes to the borrower's selected repayment plan, unwanted forbearances and deferments, failure to process forms, and applied or capitalized interest. More information...
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