The U.S. Department of Education will penalize student loan servicer Mohela, or the Missouri Higher Education Loan Authority, for its failure to send timely billing statements to 2.5 million borrowers.
As a result of Mohela’s errors, more than 800,000 borrowers were delinquent on their loans, the Education Department said in a statement Monday.
The department is withholding $7.2 million in payment to Mohela for October and has directed the servicer to place all affected borrowers in forbearance until the issue is fully resolved, it said.
Lol and this is the company Missouri sued for to block the debt relief.
Missouri’s fascist Attorney General sued the government on their behalf, NOT at their behest.
They spent their time, and taxpayer money, to sue for a company not asking for it just to fuck over college students/alumni
I know, they even said they had no problem with it. I just had to point out the connection lol.
Oh shit. My loan was just transferred to them.
I got my October bill due on the ninth. It’s dated the 14th.
Now they want $2600 for two payments at once and it’s like an extra $400 in interest. Funny how that works.
There is also a rebate clause in the paperwork where if you don’t miss a payment by more than 6 days the first twelve months you get a rebate.
Hmmmmmmmmm
