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

I'm a Parent Borrower

Direct PLUS loans can help pay for education expenses not covered by other financial aid. The U.S. Department of Education makes Direct PLUS Loans to eligible parents through schools participating in the Direct Loan Program. Learn more about Direct PLUS loans at Studentaid.gov  this link will open in a new window.

In School

Your Responsibilities

  • Keep your contact information up to date so we can reach you with important account information.

  • Set up your online account.

  • You may apply for a Parent PLUS Borrower Deferment while your student is in school and for up to six months after your student is no longer enrolled at least half time. The loan will continue to accrue daily interest.

    • If you can afford to make payments while your student is in school, it will help save you money down the road and reduce the total amount that you repay.

    • Note: Interest is always charged to you during a deferment on your unsubsidized loans and Parent Plus loans. Interest is not charged to you during a deferment on your subsidized loans.

Helpful Tip: Don't Borrow More Than You Need!

  • Work with your student’s school's Financial Aid Office - they are responsible for determining your student's financial aid package including scholarships, grants, loans and work-study.

    • If your student's expenses are lower than the package offered, you can choose to take a smaller loan, which will save you down the road.

    • Understand your student’s school's eligibility requirements to maintain your financial aid.

  • Help your student explore scholarships outside of those offered by your school.

EXAMPLE: If you take out $25,000 in student loans, it will cost you approximately $34,524.14 over 10 years on a Standard Repayment Plan if your interest rate is set at 6.8%.

Resources to Help While In School

In Repayment

Your Responsibilities

  • Make your monthly payments on time to help your credit and keep you out of delinquency or default.

  • Register your online account if you haven't already.

  • Manage your account.

    • View your due dates, payments due and loan details

    • Determine which repayment options you qualify for that will work best for you.

  • Keep your contact information updated so we can reach you with important account information.

  • Call us if you have any questions or if you're unable to make your payment – we're here to help you successfully repay your loans.

  • Enrolling in Auto Pay may qualify you for a 0.25% interest rate reduction.

Helpful Tips

  • Enrolling in Auto Pay may qualify you for a 0.25% interest rate reduction

  • Go Paperless by updating your email permissions on your profile

  • Review Important Account Information: MOHELA sends monthly bills and relevant communications in reference to your account. Read them closely and contact us with any questions.

    • Monthly Bills

    • Repayment plan options and annual renewal notifications

    • Notification of repayment disclosure and repayment plan changes

    • Notification of deferment and forbearance changes

    • Interest notices

    • Auto Pay program and interest rate benefit

    • Delinquency outreach

    • Outreach to Military Servicemembers

    • Paid in full notification

Resources to Help While In Repayment

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