Destination Repayment: Which Road Will You Take?

At MOHELA, we know it can be tough to juggle all of your bills, as hard as you try. We can help find a path that fits your unique journey to paying off your student loans. If you are trying to manage your student loan payments and are looking for help, you have options. This video provides a quick overview of the other types of plans that you may qualify for.

Visit to learn about additional eligibility requirements for each plan. Login to and click on “Lower Your Payments” on the left hand column for more details about plans for which you may qualify. If your circumstances don’t fit the repayment plans we’ve discussed in this video, we encourage you to call us at 888-866-4352 to discuss other options we may be able to offer you. You don’t have to face the road ahead alone. Let us help you find a smoother path on your journey through repayment.

Career Planning: Building Your Online Profile

Girl at computer

If you are unemployed or are looking for a change, you are likely doing your research on prospective employers. Well, once you apply, they may turn around and do some research on you through social networks and the Internet. Will you be portrayed how you think you should be?

Here are some ways to make sure that your online profile is consistent with your application:
• Setup Google Alerts on yourself. On, set up keywords, determine which result types, how often and how many results you want and which email to have alerts delivered. Alerts help make you aware when new articles and content posts on the web with the keywords you choose. This may allow you to identify and correct any inaccurate information about yourself, although remember there are probably millions of other people named “John Smith” who you may receive alerts about too.
• If you have social media profiles on sites like Facebook and Twitter, make sure you are presenting yourself how you would want to be perceived by a recruiter. Are your pictures and the comments on your page appropriate for the type of jobs you are applying for? If not, you may want to clean up your pages as best you can and adjust your privacy settings to help reduce the ability for recruiters to see your information.
• Make sure your LinkedIn profile is up-to-date with your skills and reflects highlights from your resume. Being on LinkedIn helps you gain exposure to many recruiters and can effectively demonstrate your professionalism if you maintain your profile and build your network on the site.

Loan Paying Tips: Using Web Self Service

Our website and mobile site* give you the necessary tools to manage your student loan account online, so you get up-to-date information whenever and from wherever is convenient for you.

– Account payment history
– Details of most recent payment
– Due date and amount due for next payment
– Principal balance remaining on the account
– Pay-off amount based on day you plan to pay it off
– Loan details – interest rate, principal balance, school code, date disbursed, etc.
– Online payment options
– Information and forms to apply for repayment plans
– Tax documentation
– Mortgage verification
– Access secure email with customer service professionals
– Sign up for Auto Debit and Paperless Correspondence

*Some services may be limited on the mobile-optimized site

How to Create an Online Account
Creating a New User login just takes a few minutes and establishes a secure way to manage your account online. When setting up your account, don’t forget to Go Paperless.

Go Paperless – Receive Information from MOHELA Quickly and Easily
Sign up for paperless and enjoy the convenience of electronic MOHELA communications including viewing your bills and important documents on our secure website. Going Paperless not only makes it easier for you to receive communications from MOHELA, it helps the environment.

Signing up for our Paperless service will provide you with:
• Faster delivery and time savings
• Access to correspondence 24/7 from anywhere
• Easier document storage through a secure online account

If you already have an online account, you can still sign up for paperless.

Loan Paying Tips: Things to Know about Your Loan Transfer

Moving VanMoving is usually filled with excitement, but also some questions. Will we like where we’re moving? How will it impact my life? Who do I ask if I have questions?

These common questions also apply when loans move between servicers. That’s why we have created a website solely to help answer your questions. Visit to get answers to FAQs about MOHELA loan servicing, your loan status and payment, MOHELA’s loan account services, late payment concerns and the status of applications for repayment plans.

If your question isn’t answered in the FAQs or you would like more information about the transfer, we can be reached 8:00 a.m. – 8:00 p.m. (CT) Monday through Thursday and 8:00 a.m. – 5:00 p.m. (CT) Friday at 888-866-4352. We look forward to working with you.

Family Budgeting: Ways to Save This Back-to-School Season

Back to School pencils

Back to School pencils

When you’re paying back student loans while raising children, every penny counts. According to the National Retail Federation’s 2013 Back-to-School Survey, families with school-age children will spend an average of $634.78 on school apparel and supplies this year. Here are some ways to save as you shop this year:
• Check weekly ads for deals on basic supplies. You may find unexpected deals on things like pens and loose-leaf paper at your grocery store.
• Swap. Connect with parents of kids that are the same gender and around the same age as yours. Swap outgrown clothes and books.
• Sell outgrown clothes. Find local resale shops that will buy your kids’ used (good condition) gear. You can make a few dollars to offset the cost of Back to School time. You may also find a great deal on some slightly used clothes that are nice filler for your kids’ closet.
• Wait until Labor Day for clothes. Retailers tend to wait until Labor Day for clothing sales.
• Take advantage of sales-tax holidays. Many states and municipalities offer a tax-free weekend on school supplies, clothes and sometimes even laptops. Make sure you’ve planned your shopping list and know that the deals you’re going out for are worth the tax discount.
• Decorate supplies in unique ways. Let your kids have fun decorating and customizing their supplies. It can save you on more expensive supplies and it helps ensure those items don’t get lost.
• Wait to buy trendier items. If your kids are begging you for the coolest backpack or lunch box, wait until school is in swing to make the big purchase. They may change their mind on what they want most once they see what their friends are bringing.
• Ask for student discounts. Retailers may offer student discounts, and all you have to do is ask. They may want to see a student ID.
• For those purchasing textbooks, shop online. Purchasing used textbooks can save your family a bundle. Check out deals on sites like to see if they have the textbook you need. Make sure you are purchasing through a reputable seller, that it will be delivered in time for classes to start, and that it is the correct version of the textbook.
• Inventory your home. Before you spend hundreds of dollars on clothes and supplies, check storage to see whether your son or daughter really need that new pair of jeans or if they still fit in last year’s pair. When inventorying, you may also find a box of markers or pens you forgot you had.
• Plan meals and snacks. Check out what’s on sale in your local grocery stores, and plan your meals around the specials. You can also save time and money by doing a local food swap with neighbors or family members who live close by. If one family is in charge of purchasing and making food for the week, they can get bulk pricing and you only have to worry about time spent planning and shopping on select weeks.

Family Budgeting: Can’t Afford Your Monthly Payment Because of a Pay Cut or Unexpected Medical Expense?

Learn How Your Student Loan Provider Can Help

HeartbeatHave you recently lost a job or taken a pay cut? Did you have an unexpected medical expense that is squeezing your budget? MOHELA is here to help our borrowers successfully repay their loans. We know that there may be times when your currently monthly payment amount is difficult to manage. That is why we offer several different types of repayment plans and payment options based on the unique needs and eligibility of our borrowers.

To learn about getting into a repayment plan that can help lower your payments, visit and click “Lower Your Payments” on the left hand column. If you expect your financial hardship to be for a short period of time, a deferment or forbearance may be a better option for you. Check out the options on our website and contact us if you have questions. We’re here to help!

Loan Paying Tips: Loan Consolidation 101

Sliced red appleConsolidation loans combine multiple student or parent loans into one bigger loan. For borrowers with multiple federal loans, Federal Direct Consolidation Loans offer numerous benefits:
• Payment management is simpler with one loan servicer and one monthly payment.
• Multiple repayment plan options including income-driven repayment plans may be available, based upon meeting eligibility requirements.
• Eligibility for deferment options may be renewed or modified.
• Subsidy benefits remain on the subsidized portion of the consolidation loan.
• Consolidation is free.

Federal Direct Consolidation loan basics:
• Eligible borrowers must have at least one Direct Loan or Federal Family Education Loan (FFEL). The borrower can: (1) consolidate a delinquent Federal Consolidation Loan that the lender has submitted to the guaranty agency for default aversion; (2) consolidate a defaulted Federal Consolidation Loan; (3) consolidate a Federal Consolidation Loan to use the Public Service Loan Forgiveness Program; or (4) consolidate a Federal Consolidation Loan to use the no accrual of interest benefit for active duty service members.
• When loans with different interest rates are combined, the weighted average interest rate will be rounded up to the nearest 1/8th of a percent but will not exceed 8.25%.
• Students and parent borrowers can each consolidate their education loans, but they cannot combine their loans.
• Students cannot consolidate their loans while still in school.

It’s important to remember that when Parent PLUS borrowers consolidate, they may lose their eligibility to defer payments while the student for whom the loan was granted is in-school or post-enrollment. For borrowers who are interested in consolidation and an income-driven repayment plan, it’s important to note that the number of payments applied toward forgiveness on these repayment plans start over when a borrower consolidates (if eligible). Therefore, they may want to consolidate early in repayment.

If you are interested in consolidating loans, click here to do so.

Learn more about the consolidation process and how consolidation may affect your loan limits.