Search for: "Missouri Higher Education Loan Authority"
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5 Jul 2023, 10:53 am
Nebraska, the Court held that the state of Missouri had standing to challenge the federal action, and that the Biden Administration’s loan cancellation plan was not authorized under the Higher Education Relief Opportunities for Students Act of 2003 (HEROES Act).... [read post]
7 Oct 2022, 7:31 am
” As to standing—an element that many commentators have suggested could prove challenging for a plaintiff to establish—the Complaint alleges that the student loan relief plan would harm the plaintiff States’ financial and proprietary interests, including specifically as to the Arkansas Student Loan Authority and the Missouri Higher Education Loan Authority, both of which the Complaint alleges would be… [read post]
26 Feb 2024, 10:55 am
The one-time leader in the market plans to transfer millions of student loan borrower accounts to the Missouri Higher Education Loan Authority (MOHELA). [read post]
19 Jul 2023, 9:05 pm
On the threshold question, the Court concluded that Missouri had standing based on an asserted injury to the Missouri Higher Education Loan Authority (MOHELA). [read post]
2 Aug 2023, 8:59 am
Facts of the Case The case centered onwhether the Secretary of Education (Secretary) has authority under the Higher Education Relief Opportunities for Students Act of 2003 (HEROES Act) to depart from the existing provisions of the Title IV of the Higher Education Act of 1965 (Education Act) and establish a student loan forgiveness program that will cancel approximately $430 billion in debt principal and affect nearly all… [read post]
21 Oct 2022, 6:48 am
Missouri alleged that their state student loan servicer, the Higher Education Loan Authority of the State of Missouri (MOHELA), would potentially lose income, and student loan cancellation would deprive the loan servicer of interest payments, which would harm the servicer’s ability to issue bonds and access debt markets because “the entity uses the income it receives from the student loans as… [read post]
23 Oct 2022, 1:27 pm
Additionally, they assert that the presence of one party with standing is enough to satisfy Article III of the US Constitution’s Case or Controversy clause, and the Higher Education Loan Authority of the state of Missouri is a public instrumentality of the state which stands to be harmed by the plan. [read post]
14 Nov 2022, 11:30 am
Higher Educ. [read post]
5 Jan 2023, 10:51 am
The Higher Education Relief Opportunities for Students (HEROES) Act allows the Secretary to provide debt relief in connection with national emergencies. [read post]
1 Jul 2023, 5:30 am
” Friday afternoon, Biden announced he would continue to pursue federal student loan forgiveness under a different act known as the Higher Education Act. [read post]
30 Jun 2023, 9:31 am
Court of Appeals for the 8th Circuit ruled last year that Missouri has a right to sue because it created and controls the Missouri Higher Education Loan Authority, one of the country’s largest servicers and holders of student loans. [read post]
15 Nov 2022, 10:41 am
At the core of the case was the state of Missouri and the Missouri Higher Education Loan Authority (MOHELA). [read post]
31 Mar 2024, 7:40 pm
Nebraska, the Supreme Court (and lower courts) ruled that the plaintiffs succeeded in getting standing because the state of Missouri (one of the six state plaintiffs in that case has a state agency – the Higher Education Loan Authority of the State of Missouri (MOHELA)—that services federally backed student loans, and MOHELA's would be reduced if some of those loans were forgiven. [read post]
28 Feb 2023, 3:51 pm
The states’ primary argument is that Missouri has standing because it created and controls the Missouri Higher Education Loan Authority, one of the largest holders and servicers of student loans in the United States. [read post]
27 Nov 2020, 9:05 pm
To bridge the gap in access to higher education, Jiménez and Glater propose cancelling student loans for current borrowers through debt forgiveness and making public universities tuition-free. [read post]
8 Apr 2008, 1:58 pm
Unfortunately, similar developments to what happened with TERI – the oldest and largest non-profit guarantor of private education loans in the country – have been witnessed with other lenders in the past couple of months: • On February 27th, the Pennsylvania Higher Education Assistance Agency announced that it would suspend federal-guaranteed loans beginning in early March; • the Missouri Higher Education… [read post]
13 Feb 2023, 3:50 pm
The states’ main argument – and the argument on which the 8th Circuit relied in reinstating their challenge – is that Missouri has standing because it created and controls the Missouri Higher Education Loan Authority, one of the largest holders and servicers of student loans in the United States. [read post]
2 Dec 2022, 7:30 am
The Eighth Circuit granted an injunction and shut down the entire program- because Missouri claimed that the loan forgiveness might cause the Missouri Higher Education Loan Authority to miss payments to Missouri. [read post]
3 Mar 2023, 6:41 am
At issue is the right of the state to argue the interests of the the Missouri Higher Education Loan Authority (MOHELA) – that services student loans. [read post]
18 Nov 2022, 2:46 pm
In my view, the Eighth Circuit correctly ruled that the state of Missouri, at least, has standing because a state agency – the Missouri Higher Education Loan Authority (MOHELA)—is a loan servicer that would suffer financial losses if the Biden loan forgiveness plan gets implemented. [read post]
