Important Announcements

Starting on July 1, 2026, the interest rate reduction for borrowers enrolled in auto pay will go from 0.25% to 1%. This reduction is available to borrowers with Direct Loans disbursed on or after July 1st, 2012. Visit StudentAid.gov to learn more and enroll by 11:59 p.m. ET on Sept. 30, 2026, to receive the temporary benefit through June 30, 2028.

On March 10, 2026, a court order ended the Saving on a Valuable Education (SAVE) Plan. The U.S. Department of Education will contact impacted borrowers, who can explore and apply for other repayment plans. 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 Update

Repayment Plan Changes Starting July 1, 2026

The newest repayment plans—the Repayment Assistance Plan (RAP) and Tiered Standard Plan—are available effective July 1, 2026. Visit StudentAid.gov/bigupdates to learn more about these new repayment plans and other changes to the federal student aid programs. To apply, visit Studentaid.gov/repayment-calculator.

SAVE Plan is Ending

Borrowers who enrolled in or applied for the Saving on a Valuable Education (SAVE) Plan and have loans in forbearance must select a new repayment plan after receiving a notice from MOHELA. No need to call! For a quick and easy path to change plans or explore your options, log in to your Studentaid.gov account, and use the Repayment Calculator. For more information, visit our FAQ page.

Agents can't process IDR plans

If you are calling MOHELA to request an income-driven repayment plan including the new RAP plan, please know that our phone agents cannot sign you up for those plans. Visit Studentaid.gov/IDR to apply today.

If you've recently submitted an application on Studentaid.gov, it may take up to a few days for MOHELA to receive your application. You will be notified once your application is processed. Thank you for your patience.

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Important Announcements Contact Us

Auto Pay Interest Rate Reduction

Save yourself time and ensure your scheduled payments will be made on-time each month by setting up automatic payments. There is no need to rush to the mailbox each month or worry about logging in to make a manual payment online. It’s free to apply!

Enrolling in Auto Pay means we will automatically withdraw your monthly payment each month from a bank account you designate. This also provides an interest rate reduction benefit of 0.25% . Auto Pay saves time and saves you money by lowering your interest rate.

Keep in mind this reduction remains in effect while you are actively participating in the Auto Pay program. Please note:

  • During periods of deferment or forbearance, Auto Pay will not be in effect and you will not receive the 0.25% interest rate reduction during these periods. Auto Pay will resume at the end of your deferment or forbearance, as will the 0.25% interest rate reduction. You will receive a monthly payment reminder at least 21 days prior to your due date.

  • Auto Pay will be removed if three consecutive payments are returned due to insufficient funds, this will result the loss of the 0.25% interest rate reduction. (Other conditions may apply.)

Apply for Auto Pay through your online account and review the Auto Pay Authorization Agreement for complete information. Please be advised, per Section 2 of the Auto Pay Authorization Agreement, MOHELA is not able to apply an additional withdrawal amount (more than your monthly payment amount) on your behalf. To apply an additional withdrawal amount, you will need to edit your agreement through your online account. After logging in, select "Payments and Billing" from the top menu. Then, select "Auto Pay", enter your desired Requested Auto Pay Amount for each loan, select "Preview", and then "Submit". Any additional withdrawal amount applied to your Auto Pay Agreement will continue to be withdrawn until you notify us to make a change.