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Political Factoid
"Mohela* ... failed to inform
the credit reporting companies
of each loan transfer from Nelnet,**
...
As a result, many borrowers
had their single loan balance
reported twice, once by
each servicer."
| * |
MOHELA (Missouri Higher Education
Loan Authority) is a governmental, non-profit
organization dedicated to helping families
successfully repay their student loans and
is one of the largest student loan servicers
in America.
|
| ** |
Nelnet, Inc., is a for-profit United
States–based conglomerate that
primary focuses on financial services
including student and consumer loan
origination and servicing
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