Mohela penalized by Education Department for mistakes in handling student loans

Title: U.S. Department of Education Penalizes Mohela for Failure to Send Timely Billing Statements Byline: Pierre Herubel The U.S. Department of Education has taken action against student loan servicer Mohela, also known as the Missouri Higher Education Loan Authority, for its failure to send timely billing statements to 2.5 million borrowers. This oversight has resulted…

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It may take $10 million to achieve financial freedom.

Financial Influencers Launch Podcast to Promote Financial Literacy Financial influencers Rashad Bilal and Troy Millings have launched the podcast “Earn Your Leisure” with the aim of promoting financial literacy and entrepreneurship. The duo, who have backgrounds as a former financial advisor and teacher, respectively, started the podcast almost five years ago to address the lack…

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New borrower-focused consumer protections introduced by Biden administration

Biden administration announces finalized plan for higher education oversight and student loan borrower protection In a recent development, the Biden administration has unveiled its comprehensive plan to enhance its supervision of higher education institutions and strengthen consumer protections for student loan borrowers. The goal of these new measures is to ensure accountability and guarantee a…

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