The Department of Education is penalizing one of its student loan servicing contractors for failing to send billing statements on time to 2.5 million borrowers earlier this month when payments resumed ...

Student loan servicer MOHELA is under investigation by multiple state attorneys general and regulators over alleged mismanagement of borrowers’ accounts, according to three sources directly familiar ...

The Education Department withheld pay from MOHELA over failure to deliver on-time billing statements. The servicer's error impacted 2.5 million borrowers, and pushed ...

Add Yahoo as a preferred source to see more of our stories on Google. One of the largest student loan companies in the country will likely face fierce questioning from lawmakers at an upcoming ...

WASHINGTON, D.C. — Long wait times and incorrect payments: Those are among the problems student loan borrowers say they’ve faced since federal student loan payments resumed last year. Borrowers say ...

The U.S. Department of Education recently said that it will soon transfer some student loan borrowers to different servicers. Here's what you need to know. If your current federal student loan ...

July 22 (UPI) --One of the nation's largest teachers union filed a lawsuit Monday against Missouri's student loan servicing company, accusing it of profiting off of its mismanagement of millions of ...

Add Yahoo as a preferred source to see more of our stories on Google. If you are one of the thousands of student loan borrowers currently using the service MOHELA, we have some news for you. According ...

"The Department found that MOHELA failed to meet its basic obligation by failing to send billing statements on time to 2.5 million borrowers -- some within only seven days of their payment date -- and ...

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Washington (CNN) — Sen. Elizabeth Warren wants MOHELA (Missouri Higher Education Loan Authority) to answer for the problems student loan borrowers faced – including inaccurate bills and hourslong hold ...