Loan Paying Tips: Ways to Pay

PigPaying loans isn’t always fun, but at least there are ways to simplify managing your payments. MOHELA offers several convenient ways for you to pay your bills. This lets you choose the option to manage payments the way that fits your lifestyle.

• Automatic payment withdrawals – direct withdrawals from your bank account can be made monthly. You can sign up and manage your automatic debit online at mohela.com.
o You may receive a 0.25% interest rate reduction if you sign up for Direct Debit (ACH/EFT).

• Online payments – you can make one-time online payments with checking and savings accounts.

• Phone – You may call 888-866-4352 to make a payment.
o Payment accepted from checking and savings accounts.

• Mail – Depending on which type of loans you are making payments on, you should mail your payments to one of the following addresses. Be sure to send it to the correct address. If you are unsure, call us at 888-866-4352.

Federal student loan borrowers should make checks payable to MOHELA and mail them to the address below.

Department of Education

MOHELA

P.O. BOX 105347

Atlanta, Georgia 30348-5347

FFELP borrowers should make checks payable to MOHELA and mail them to the address below.

MOHELA

PO BOX 1022

Chesterfield, MO 63006