State Attorneys General Investigate MOHELA for Student Loan Mismanagement

Reported about 9 hours ago

The Missouri Higher Education Loan Authority (MOHELA) is being investigated by multiple state attorneys general over allegations of mismanagement of student loan accounts, including issues like billing errors and customer service failures. This investigation follows a history of scrutiny in the student loan servicing sector, and could have significant implications for the 6.8 million borrowers managed by MOHELA, depending on the investigation's outcomes.

Source: YAHOO

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