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Student Loans
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It’s quick, easy and convenient to apply with us—just do it all online! You'll save money because we waive the 1% default fee and
offer reduced rates for auto-debit payments—plus, there are no prepayment penalties.
Not applying online? Just list our student loan ID number 82032300 on your application to get the same great benefits!
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Federal Stafford Loan*
(Subsidized)
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Rates as low as
–Undergraduate–
in school only
–Default fee waived
–No prepayment penalties
–Engineering students
eligible for first year loan
forgiveness
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Federal Stafford Loan*
(Unsubsidized)
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Rates as low as
–Undergraduate & graduate–
in school or in repayment
–Default fee waived
–No prepayment penalties
–Engineering students
eligible for first year loan
forgiveness
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Federal PLUS Loan
for Graduate Students
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Rates as low as
–Default fee waived
–No prepayment penalties
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Federal
PLUS Loan
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Rates as low as
–Default fee waived
–No prepayment penalties
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| *Please note that the College Cost Reduction and Access Act of 2007 cut the fixed interest rates on newly originated subsidized Stafford loans for undergraduate students to 6.0% (2008–09), 5.6% (2009–10), 4.5% (2010–11) and 3.4% (2011–12) with a return to 6.8% in 2012–13. These cuts are available only to undergraduate students, not graduate students, and only for subsidized Stafford loans, not unsubsidized Stafford loans or any Stafford loan in repayment. Those loans remain at a fixed rate of 6.8% Standard rate for Federal PLUS Loans is 8.5%. Refer to MOHELA® program rules for requirements to obtain rate discounts.
The foregoing summary of certain borrower benefit programs (collectively the "Programs") offered by MOHELA to Stafford and PLUS Loan borrowers is not intended as a comprehensive description of the Programs. The Programs are subject to certain additional terms and conditions. MOHELA reserves the right to modify or discontinue the Programs at any time without notice. For additional information about the Programs, please contact MOHELA at 633 Spirit Drive, Chesterfield, MO 63005 or toll free at 1-888-866-4352, or visit their web site at www.mohela.com.
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