Important Announcements

On Dec. 9, 2025, the U.S. Department of Education announced a proposed settlement agreement that would end the Saving on a Valuable Education (SAVE) Plan. The settlement must be approved by the court before it can be implemented. Borrowers can use the Loan Simulator to begin exploring other repayment options. For more information, visit StudentAid.gov/courtactions.

On Oct. 30, 2025, the U.S. Department of Education published final Public Service Loan Forgiveness (PSLF) program regulations that will be effective on July 1, 2026. We'll provide updates when the regulations are implemented. For now, there are no impacts to borrowers, payment counts, or discharges.

Visit StudentAid.gov/publicservice for more information about PSLF and current program requirements.

For more information about employer eligibility, visit StudentAid.gov/pslf/employer-search.

To apply for PSLF, use the PSLF Help Tool at StudentAid.gov/pslf.

Important Updates

PSLF and PSLF Buyback

The PSLF program is managed by the U.S. Department of Education not MOHELA. To learn more about your next steps, and general information on the programs, visit Studentaid.gov/PSLF or Studentaid.gov/PSLFbuyback.

SAVE (Saving On A Valuable Education)

On August 1, 2025, interest began accruing on the SAVE Administrative Forbearance. Visit StudentAid.gov/SAVE to learn more. You can leave the forbearance by switching to an eligible repayment plan using Loan Simulator.

2025 Tax Information

Tax information will be available by January 31. Log in and select "More" then "Tax Statements" from the navigation bar to view your tax information on or after January 31.

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Important Announcements Contact Us

Grace Period

For most federal student loan types, after you graduate, leave school, or drop below half-time enrollment, you have a six-month grace period before you must begin making payments. This grace period gives you time to get financially settled and to select your repayment plan. Not all federal student loans have a grace period.

Note that for most loans, interest accrues during your grace period  this link will open in a new window. The interest that accrues during your grace period will be added as unpaid interest to the outstanding balance of your loan, but it will not yet be capitalized. This means that the unpaid interest might increase your monthly payment amount under a fixed payment repayment plan or increase the time to repay your loan in full under an IDR plan. You can always pay the unpaid accrued interest before entering repayment. Learn more about the in grace status at Studentaid.gov  this link will open in a new window.

Your Responsibilities

  • Make sure your and your references' addresses, phone numbers, names and email addresses are up to date so we can reach you with important account information. This can be updated directly through MOHELA or during the exit counseling process.

  • You are not required to make payments at this time. If you can afford to make even some payments while you are in your grace period, it will save you money down the road and reduce the total amount that you repay. See the Payment Methods page for more information.

Helpful Tips

Locate Your Loans and Decide If You Can Afford Your Monthly Payment.

Resources to Help While In Grace

FAQs

Although you are not required to make payments at this time, making payments while you are in school may help save you money down the road and reduce the total amount that you repay. Consider making payments toward unsubsidized loans that accrue interest while you are in school.

Depending on your career or the repayment plan you choose once you leave school, you may qualify for loan forgiveness down the road:

  • Create an online account and make sure your and your references' addresses, phone numbers, names and email addresses are up to date so we can reach you with important account information. This can be updated directly through MOHELA or during the exit counseling process.

  • You are not required to make payments at this time. If you can afford to make even some payments while you are in your grace period, it will save you money down the road and reduce the total amount that you repay.

  • Create a budget to help you determine how much will be able to go toward student loans.

  • Determine which repayment plan you qualify for that will work best for you. If you are unable to make your upcoming scheduled payments, contact us right away to explore your options.

Your Repayment Obligation will be sent to you prior to entering repayment on your loan. Details include your payment start date, monthly payment amount, projected amount of interest, principal balance and repayment plan.

Other repayment plans  this link will open in a new window or due dates may be available. We're here to help and can provide you with a custom solution.