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Find a Location

MOHELA has 5 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.
    • MOHELA

      633 Spirit Dr Chesterfield, MO 63005-1243

      BBB Accredited Business
    • MOHELA

      PO Box 105347 Atlanta, GA 30348-5347

    • MOHELA

      PO Box 105540 Atlanta, GA 30348-5540

    • MOHELA

      PO Box 91388 Raleigh, NC 27675-1388

    • MOHELA

      PO Box 90639 Raleigh, NC 27675-0639

    Business ProfileforMOHELA

    Loans
    Multi Location Business
    BBB accredited business

    At-a-glance

    Customer Reviews

    1.08/5stars

    Average of 271 Customer Reviews

    Customer Complaints

    2,483 complaints closed in last 3 years

    1,610 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 12/8/2010

    Years in Business: 42

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Overview

    Servicer of Federal student loans.  Federal government sets terms/conditions of loans that we are under contract to manage on behalf of the Federal government.  MOHELA also services private student loans, based on the terms/conditions as agreed to in the promissory note executed between the lender and the borrower.

    Business Details

    This is a multi-location business.

    Find a Location

    MOHELA has 5 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      • MOHELA

        633 Spirit Dr Chesterfield, MO 63005-1243

        BBB Accredited Business
      • MOHELA

        PO Box 105347 Atlanta, GA 30348-5347

      • MOHELA

        PO Box 105540 Atlanta, GA 30348-5540

      • MOHELA

        PO Box 91388 Raleigh, NC 27675-1388

      • MOHELA

        PO Box 90639 Raleigh, NC 27675-0639

      Location of This Business
      633 Spirit Dr, Chesterfield, MO 63005-1243
      BBB File Opened:
      1/1/1982
      Years in Business:
      42
      Business Started:
      1/1/1982
      Business Started Locally:
      1/1/1982
      Accredited Since:
      12/8/2010
      Alternate Business Name
      • Missouri Higher Education Loan Authority
      • Higher Education Loan Authority of State of MO
      Hours of Operation

      Primary

      M:
      7:00 AM - 10:00 PM
      T:
      7:00 AM - 7:00 PM
      W:
      7:00 AM - 7:00 PM
      Th:
      7:00 AM - 7:00 PM
      F:
      7:00 AM - 7:00 PM
      Sa:
      9:00 AM - 1:00 PM
      Su:
      Closed
      Business Management
      • Mr. Will Shaffner, Director
      Contact Information

      Principal

      • Mr. Will Shaffner, Director

      Customer Contact

      • Mr. Will Shaffner, Director

      Industry Tip

      BBB Tip: What to consider when researching personal loans

      Customer Complaints

      2,483 Customer Complaints

      Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

      File a Complaint

      Most Recent Customer Complaint

      04/13/2024

      Complaint Type:
      Service or Repair Issues
      Status:
      Resolved
      Mohela has incompetently and consistently failed to service my account and loans to my monetary detriment, including failing to process my *** plan request, which was incorrectly denied by Mohela over 7 months ago and still has not been fixed because of multiple Mohela errors. I timely applied on 8/25/23 for the new SAVE plan via the REPAYE selection on the *** application. I correctly submitted all necessary info, and Mohela's website showed I was eligible for the SAVE plan and what my estimated monthly payment would be. Mohela denied my SAVE *** request on 9/18/2023 and their reason for the denial was patently incorrect. I promptly called Mohela and requested they fix this. The Mohela representative could only speculate why they denied. I pointed out to him that his speculative reason was not the reason Mohela stated in the denial. He said he would resubmit an *** SAVE request on my behalf and that it would be fixed. Months passed and nothing. And Mohela continued to make multiple errors. Over the course of the next few months until the present, I called Mohela a handful of times. Each time, they would tell me someone made a mistake and put an unresolved hold on my account and payment plan request. Each person told me my issue would be "elevated" and fixed within 5-7 business days. Then, after each call, weeks would pass and nothing. After last calling end of March 2024 (over 2 weeks ago), I have concluded Mohela is utterly incapable of processing my payment plan request despite how patently easy it should be for them. They incorrectly denied it over 7 months ago and thousands of dollars (approximately $3,000.00) in interest has accrued on my account since then because I have not been able to make payments on a plan. They are costing me money and treating my issue like I just have to wait for them to get it together, which is unacceptable. I properly submitted my request 8 months ago and they should have correctly processed it back then.
      Read More

      Customer Reviews

      271 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      Sabrina M

      1 star

      04/17/2024

      I am the spouse of a military soldier who recently deployed overseas for almost a year, and with that, I qualify for the **** benefits to get debt relief on my bills at interest rates > 6% to a flat rate of 6% or less. I sent in all the documentation for proof and MOHELA denied my claims! The representative on the phone told me I didn't qualify, but she never checked the fine print that it's a Federal Law extended to spouses and servicemen. She placed me on hold and had to read the policies, and I educated her on the law. Any company that runs an already shady business and can't take the time to learn the federal laws regarding different benefits for servicemen and women must be closed down! I should not have been the person to teach you what it meant! She then goes on to say I didn't qualify for my state! I had to reiterate her that its federal not a statewide law, federal applies to all states! So, a place disregarding the law doesn't need to be open for operations! Mohela is a complete waste of business! P.S. Is there a way to give them a 1/2 a star?

      Local BBB

      BBB of Eastern & Southwest Missouri & Southern Illinois

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