{"id":29194,"date":"2019-01-24T12:12:18","date_gmt":"2019-01-24T17:12:18","guid":{"rendered":"https:\/\/www.tun.com\/blog\/?p=29194"},"modified":"2023-06-01T11:58:54","modified_gmt":"2023-06-01T15:58:54","slug":"how-to-manage-federal-student-loans-with-mohela","status":"publish","type":"post","link":"https:\/\/www.tun.com\/blog\/how-to-manage-federal-student-loans-with-mohela\/","title":{"rendered":"How to Manage Federal Student Loans With MOHELA"},"content":{"rendered":"\n

If you\u2019ve taken out federal student loans to finance your education (like I did) and you have MOHELA as your loan servicer, you need to take stock of where you stand with respect to your loans and learn about your repayment options. This is critical if you want to put your best \u201cfinancial\u201d foot forward and be in control of your student loans.<\/span><\/p>\n\n\n\n

Here\u2019s what you need to know to manage your MOHELA student loans. <\/span><\/p>\n\n\n\n

1. What is MOHELA?<\/b><\/h2>\n\n\n\n

The U.S. Department of Education is your lender, but federal loans are serviced by nine loan servicing organizations assigned to help the government manage the billing and other services for your loan.<\/span><\/p>\n\n\n\n

MOHELA<\/span><\/a> — short for the Missouri Higher Education Loan Authority — was established in 1981, and is headquartered in St. Louis, Missouri. Although MOHELA has participated <\/span>in the Federal Family Education Loan (FFEL) Program for more than three decades, it only began servicing federal student loans originated and guaranteed by the <\/span>Department of Education<\/span> in October 2011.<\/span><\/p>\n\n\n\n

You could have more than one servicer if you have multiple loans. To confirm, check <\/span>with <\/span>the <\/span>National Student Loan Data System<\/span><\/a>.<\/span><\/p>\n\n\n\n

2. What do you need to do to manage your MOHELA loans?<\/b><\/h2>\n\n\n\n

If you haven\u2019t already set up an online account with MOHELA, you should create one immediately.<\/p>\n\n\n\n

The online process is easy. Go to the \u201cCreate a New Account<\/a>\u201d page and fill in the required information, including your social security number, birthdate, username and password.<\/p>\n\n\n

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You can also create an account using MOHELA\u2019s mobile Android or iOs app. But reviews of the app on both Google Play<\/a> and App Store<\/a> are mixed: 2.9 stars for Android and 2.1 stars for iOS in January 2020.<\/p>\n\n\n\n

Once you\u2019ve set up an account, or if you already have an online account, you can log in<\/a> to access your account.<\/p>\n\n\n

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MOHELA\u2019s online portal makes it easy for you to review and manage your account. You can:<\/p>\n\n\n\n