Press Release
For Immediate Release
April 1, 2024
Media Contact: media@mohela.com
MOHELA Sends Cease and Desist to Organization Promoting False Information
St. Louis, MO - April 1, 2024 - MOHELA, a non-profit organization dedicated to helping the student loan borrowers it serves, sent
a cease and desist letter to the Student Borrower Protection Center on March 25. The cease and desist, which can be
viewed here, calls
on the organization to immediately disband their disingenuous PR campaign that is irresponsibly promoting false, misleading, and
sensationalized claims about MOHELA's work as a federal contractor for the U.S. Department of Education's Office of Federal Student
Aid (FSA).
As detailed in the cease and desist, the organization has been promoting a false narrative about MOHELA's work as an FSA contractor
through their disingenuously branded 'investigative report.' The organization's PR campaign attempts to create a false narrative about
MOHELA's role in the return to repayment event that was led and managed by FSA after the three-year federally mandated loan payment
pause was lifted in October 2023. As a federal contractor, MOHELA worked with FSA to prepare to help the six million federal borrowers
that it serves, despite operating under the reduced funding and limited resources that were provided by FSA to its contractors during
the massive return to repayment event.
The campaign also promotes false information about the 20-month period that MOHELA has worked on behalf of FSA as its interim sole
Public Service Loan Forgiveness contractor. As of February 2024, MOHELA has processed nearly $48 billion in PSLF loan forgiveness at
the direction of FSA for over 660,000 borrowers since becoming the interim PSLF servicer just 20 months ago – the highest number of
forgiveness processed in history of the program. Despite the organization's false claims otherwise, MOHELA does not have authority to
process loan forgiveness for eligible borrowers until authorization is provided by FSA as the owner of the loan.
"It is irresponsible that this organization continues to promote false and misleading claims about MOHELA's work and they must stop,"
said a MOHELA spokesperson. "Any claims that MOHELA does not act in the best interest of the borrowers we serve as a federal
contractor is simply not true. Intentionally spreading false information and narratives about MOHELA's work on behalf of Federal Student
Aid does nothing to improve the experience for students and borrowers navigating the federal student loan program and the repayment
of their federally owned loans. MOHELA's priority has always been on helping the student borrowers that we are here to serve while
they navigate the often complex and overwhelming federal repayment process, and that is what we remain proudly committed to doing."
MOHELA is a not-for-profit federal contractor for FSA. The company was selected as an FSA contractor because of its 40 years of
experience and successful track record in helping student loan borrowers navigate their repayment. As a federal contractor for FSA,
MOHELA is required to adhere to FSA guidance that dictates the overall process of repayment for borrowers within the federal student
loan programs, as well as the service and assistance that is provided to FSA borrowers.
Here are some of the facts in response to the false and misleading claims being promoted through the Student Borrower Protection
Center's PR campaign:
Return to Repayment
Public Service Loan Forgiveness