Payments were set to resume this January, but that was before the President’s move to forgive student debt for millions of Americans was stalled by legal challenges. Borrowers won’t have to make payments until 60 days after the Court delivers its final verdict or September 1st, whichever comes first.
The Missouri state legislature created MOHELA in 1981 (RSMo 173.360) for the purpose of “to assure that all eligible postsecondary education students have access to student loans that are guaranteed or insured” and support the financial projects of Missouri colleges and universities.
It may not be sexy, but auto-debit is an invaluable feature that makes sure you’re up-to-date on your student loan payments—crucial if you’re pursuing Public Service Loan Forgiveness and want those payments counted!