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: Apply Today!

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.

Recently received an email from Federal Student Aid about the new RAP and Tiered Standard repayment plans and want to apply? Visit Studentaid.gov/repayment-calculator.

If you've recently submitted an IDR application on Studentaid.gov, you will be notified once your application is processed.

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.

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Official Servicer of Federal Student Aid
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.

Helpful Tips

  • Enrolling in Auto Pay may qualify you for an 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