Will Biden extend student loan forbearance?
In late December, President Joe Biden extended the forbearance period from Jan. 31 to May 1 as “millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” Biden said in a statement.
Is MOHELA federal loan?
MOHELA is one of seven companies that service federal student loans by collecting and tracking payments. MOHELA, or the Missouri Higher Education Loan Authority, is a nonprofit company and services both federal and private student loans.
How do I start paying my MOHELA student loan?
Payment Methods
- Enroll in MOHELA's Auto Debit Program to have automatic payments electronically debited from your bank account. ...
- Make a one-time payment on MOHELA.com.
- Use our automated phone system at 888.866. ...
- Use your financial institution's online bill pay service or other bill pay service provider.
Will student loans be deferred again?
Previously, President Donald Trump extended student loan relief twice. That said, there are no plans to extend the student loan payment pause beyond May 1. While it could happen, the White House and the U.S. Department of Education have confirmed multiple times that student loan payments will restart as planned.