MOHELA Student Loan Complaint

Non-federal student loan Dealing with my lender or servicer trouble with how payments are handled

MOHELA Student loan department,

Non-federal student loan Dealing with my lender or servicer Trouble with how payments are handled New York

Hello, I make regular payments to my student loan. The loan was originally made through -, but has since been bought by MOHELA. All payments I make to MOHELA, whether they are over the amount due or in advance of the due date, are applied to interest in their entirety. Not - is applied to the outstanding principal balance. I have attached a statement for reference. Thank You

MOHELA customer in New York
Dec 12, 2015

* Source: CFPB Complaint Database

MOHELA response to complaint:
Closed with explanation

Created with Highcharts 4.2.3MOHELAComplaint HistoryComplaints1/20144/20145/20148/201410/20141/20152/20153/20155/20156/20157/20159/201510/201512/20152/20164/20165/20168/20169/201610/201611/201612/20161/20172/20173/20174/201702.557.51012.5Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3MOHELADealing with my lender or servicer97.2%2.8%Closed with explanationClosed with monetary reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageDealing with my lender or servicer0.7%81.6%6.3%9.6%1.9%0.1%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefIn progressUntimely responseSource: Consumer Financial Protection Bureau

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