Here's what borrowers need to know about the temporary pause beginning May 1
s for public-sector workers such as teachers and nurses will be temporarily paused beginning May 1 as the Department of Education moves management of the program in-house.
The change will also apply to the Teacher Education Assistance for College and Higher Education Grant program, which provides money to students who are planning to teach certain subjects in low-income districts. The grants, which are converted to loans if requirements aren't met, are also serviced by MOHELA.of the federal student loan system that will happen in phases over the next few years. It's meant to streamline processing and improve customer service.
handling the loans of borrowers enrolled in PSLF. An estimated 1 million borrowers could soon see their loans transferred away from MOHELA, according to the Department of Education. Borrowers will be able to submit forms to certify employment or apply for forgiveness - but they won't be reviewed until the transition is complete.Normally, once borrowers make their 120th qualifying payment, they can apply for debt relief. But since forms won't be processed during the pause, borrowers will have to wait for their debt to be canceled.
Student Loan Forgiveness Public Sector Workers Department Of Education Teacher Student Loan Forgiveness Nurse Student Loan Forgiveness Student Loan Forgiveness Pause Psfl Student Loans Student Loans Forgiveness Missouri Higher Education Loan Authority Mohela
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