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Coverage dated October 29, 2023

Education Department penalizes Missouri lender for error that made 800,000 student loan borrowers delinquent

Headline from NBC New York

The Education Department announced it would penalize student loan servicer Mohela for its failure to send timely billing statements to 2.5 million borrowers.

NBC New York's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

8 articles, oldest first.

  1. Politico

    2.5M student loan borrowers hit with billing mistakes, Education Department says (opens Politico)

    Published

    Politico's feed description

    The department said that in some cases MOHELA sent borrowers a bill only seven days before a payment was due.

  2. CNN

    Student loan servicer MOHELA penalized for sending late bills (opens CNN)

    Published

    CNN's feed description

    The Department of Education is penalizing one of its student loan servicers for failing to send billing statements on time to 2.5 million borrowers.

  3. NBC New York

    Education Department penalizes Missouri lender for error that made 800,000 student loan borrowers delinquent (opens NBC New York)

    Published

    NBC New York's feed description

    The Education Department announced it would penalize student loan servicer Mohela for its failure to send timely billing statements to 2.5 million borrowers.

  4. Wall Street Journal

    Student Loan Processor Mohela Punished for Millions of Late Billing Notices (opens Wall Street Journal)

    Published

    Wall Street Journal's feed description

    The Education Department will withhold a $7.2 million monthly payment for a major student loan processor because it failed to send out timely billing notices to millions of borrowers.

  5. Insider

    A major student-loan company failed to send on-time billing statements to 2.5 million borrowers. Biden's Education Department is punishing it. (opens Insider)

    Published

    Insider's feed description

    The Education Department is withholding $7.2 million in pay from MOHELA following its errors that pushed 800,000 borrowers into delinquency.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Education Department penalizes Missouri lender for error that made 800,000 student loan borrowers delinquent | Since Then