The Missouri State Higher Education Loan Authority, also known as the Missouri Higher Education Loan Authority or MOHELA, is one of the largest holders and administrators of student loans across the country. Headquartered in St. Louis, Missouri, MOHELA‘s mission is to reduce the funding of higher education in Missouri and provide exceptional student loan benefits. ”
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MOHELA is a student loan manager with more than 30 years of experience in working with students and families. It is one of the top 10 providers of student loans. One of MOHELA’s main responsibilities is to help borrowers effectively manage their student loans.
MOHELA was founded in 1981 as a quasi-governmental body and has been involved in the Federal Loan Program for Family Education (FFELP) for almost three decades. MOHELA login fully supported a portfolio of student loans inherited from FFELP, but completed the steps to become state student loan contractors. MOHELA received the first non-profit contract (PFN) and began disbursing student federal loans under the Federal Loan Program of the US Department of Education in October 2011.