Search for: "The Higher Education Loan Authority of State of Missouri (MOHELA)"
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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]
4 Jul 2023, 4:01 pm
I have no idea if the Missouri Attorney General can sue on behalf of 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]
14 Nov 2022, 11:30 am
Key to the district court's rationale was its conclusion that the State of Missouri could not rely on any harm the Missouri Higher Education Loan Authority ("MOHELA") might suffer on account of the Secretary's cancellation of debt. [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… [read post]
20 Oct 2022, 8:19 pm
But, like most other observers, I thought the state lawsuit could easily get over this hurdle because at least one of the plaintiff states—Missouri—has a state agency— the Higher Education Loan Authority of the State of Missouri (MOHELA)—that services student loans, including some that will be partially or fully forgive by the Biden plan. [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]
14 Nov 2022, 5:42 pm
It is governed by a seven-member board composed of five members appointed by the Governor of Missouri, as well as the Missouri State Commissioner of Higher Education and a member of the Missouri State Coordinating Board of Higher Education. [read post]
2 Aug 2023, 8:59 am
According to the Court, the state of Missouri had standing to sue because the plan would cost MOHELA, a nonprofit government corporation created by Missouri to participate in the student loan market, an estimated $44 million a year in fees. [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… [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]
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]
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]
29 Mar 2024, 2:02 pm
Ultimately, the coalition of state governments challenging the plan got standing because one of them (Missouri) had a state agency (MOHELA) that services federally backed student loans, and the agency's income would be reduced if some of those loans were forgiven. [read post]
28 Feb 2023, 6:52 pm
But by far the strongest is that of the state of Missouri, based on the fact that Missouri has a state agency called the Missouri Higher Education Loan Authority (MOHELA), which services federally backed student loans and stands to lose money if some of those loans are forgiven. [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]
1 Mar 2023, 4:40 am
As just about everybody who has considered the case acknowledges, the state with the strongest claim to have standing is Missouri, where a state-chartered corporation known by the acronym MOHELA earns fees for processing federal student loan payments. [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]
11 Jan 2023, 11:33 am
Applying that principle here, Missouri has no standing to complain about the loan servicing fees that the Missouri Higher Education Loan Authority (MOHELA) might lose. [read post]
8 Feb 2023, 11:47 pm
Nebraska, a case brought by six Republican-controlled state government, the state of Missouri overcame this obstacle because it has a state agency— the Missouri Higher Education Loan Authority (MOHELA)—that services student loans, including some that will be at least forgiven by the Biden plan. [read post]
