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…