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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 91388 Raleigh, NC 27675-1388

    • MOHELA

      PO Box 105540 Atlanta, GA 30348-5540

    • MOHELA

      PO Box 90639 Raleigh, NC 27675-0639

    Business ProfileforMOHELA

    Loans
    Multi Location Business
    BBB accredited business

    At-a-glance

    Customer Reviews

    1.06/5stars

    Average of 329 Customer Reviews

    Customer Complaints

    2,940 complaints closed in last 3 years

    1,641 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.

    Products & Services

    Loans, Scholarships and Financial Aid, Student Loan Services

    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 91388 Raleigh, NC 27675-1388

      • MOHELA

        PO Box 105540 Atlanta, GA 30348-5540

      • 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

      2,940 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

      Customer Reviews

      329 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      Kimberly J

      1 star

      10/22/2024

      Mohela operated in unethical business practices while servicing my two loans. The loans should have been place in in-school status while I was attending school. However, Mohela did not recognize my student status for many months which caused the one subsidized loan to accrue interest. I explained multiple times that I intend to make payments while in school to keep the interest down and potentially even lower the principal balance however I would not make payments on the illegitimate interest balance of the subsidized loan. Finally, the in-school status was upheld after repeated follow *** between me and the university, but the accrued interest was not removed from the balance. Several phone calls, email, and online chats (all of which I have documentation of) did not get the matter handled. Mohela maintained the unwarranted subsidized loan interest and then later transferred servicing to EdFinancial which still has the unauthorized interest balance on the subsidized loans. So now its back to square one with EdFinancial in trying to get this unjustified interest removed. Add to this, all the loan detail records have been whipped from Mohelas site.... Good thing I kept detailed records. I want to make payments and pay back what is rightly owed... But this is not what is owed, and this practice is incompetent at best and unethical at worst. Shameful.

      Local BBB

      BBB Serving Greater Missouri, Southern Illinois & Ottawa, Ontario

      BBB Reports On

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