News & Announcements

• SERVICING PLATFORM TRANSFER

  We apologize for any inconvenience during the servicing platform transfer. Due to the timing, an Administrative Forbearance will be placed on your account and 0% interest rate for the period in which your account is unavailable.

  MOHELA will continue to update the Home Page with more information as available. We will also send email notification when your account is available online.
  
  

• Pathway Variable Rate Loans

  The One-Month Variable Index effective November 1, 2024 - November 30, 2024 are as follows:

  • Pathway (SoFi):  4.83%

  • Pathway (SLMA):  4.875%

  With any change to the variable rate index, variable rate loans will re-amortize and a repayment schedule will be provided that includes your new monthly payment, interest rate (margin plus index), and the effective date of your new monthly payment amount.

  Notice to customers with variable loans using LIBOR:

  LIBOR is scheduled to cease as of June 30, 2023, and customers affected will be assigned the SOFR Rate Index.  To learn more about the transition, please visit: https://www.consumerfinance.gov/compliance/compliance-resources/other-applicable-requirements/libor-index-transition/libor-transition-faqs/.

• Public Service Loan Forgiveness

  Public Service Loan Forgiveness is not available on private student loans.  Important Notice: The recent federal student loan announcement regarding one-time student loan cancellation is applicable to federal student loans only and does not include private student loans. 

  Please note, private student loans are not eligible for a refund of payments made during the Covid-19 Forbearance.

• Welcome to Pathway

  Your private loan is serviced by MOHELA.