Skip to main content

Cookies on BBB.org

We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Cookie Preferences

Many websites use cookies or similar tools to store information on your browser or device. We use cookies on BBB websites to remember your preferences, improve website performance and enhance user experience, and to recommend content we believe will be most relevant to you. Most cookies collect anonymous information such as how users arrive at and use the website. Some cookies are necessary to allow the website to function properly, but you may choose to not allow other types of cookies below.

Necessary Cookies

What are necessary cookies?
These cookies are necessary for the site to function and cannot be switched off in our systems. They are usually only set in response to actions made by you that amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not work. These cookies do not store any personally identifiable information.

Necessary cookies must always be enabled.

Functional Cookies

What are functional cookies?
These cookies enable the site to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

Performance Cookies

What are performance cookies?
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.

Marketing Cookies

What are marketing cookies?
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant content on other sites. They do not store personal information directly, but are based on uniquely identifying your browser or device. If you do not allow these cookies, you will experience less targeted advertising.

Find a Location

MOHELA has 5 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.
    • MOHELA

      633 Spirit Dr Chesterfield, MO 63005-1243

      BBB Accredited Business
    • MOHELA

      PO Box 105347 Atlanta, GA 30348-5347

    • MOHELA

      PO Box 105540 Atlanta, GA 30348-5540

    • MOHELA

      PO Box 91388 Raleigh, NC 27675-1388

    • MOHELA

      PO Box 90639 Raleigh, NC 27675-0639

    Business ProfileforMOHELA

    Loans
    Multi Location Business
    BBB accredited business

    At-a-glance

    Customer Reviews

    1.08/5stars

    Average of 270 Customer Reviews

    Customer Complaints

    2,475 complaints closed in last 3 years

    1,607 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 12/8/2010

    Years in Business: 42

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Overview

    Servicer of Federal student loans.  Federal government sets terms/conditions of loans that we are under contract to manage on behalf of the Federal government.  MOHELA also services private student loans, based on the terms/conditions as agreed to in the promissory note executed between the lender and the borrower.

    Business Details

    This is a multi-location business.

    Find a Location

    MOHELA has 5 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      • MOHELA

        633 Spirit Dr Chesterfield, MO 63005-1243

        BBB Accredited Business
      • MOHELA

        PO Box 105347 Atlanta, GA 30348-5347

      • MOHELA

        PO Box 105540 Atlanta, GA 30348-5540

      • MOHELA

        PO Box 91388 Raleigh, NC 27675-1388

      • MOHELA

        PO Box 90639 Raleigh, NC 27675-0639

      Location of This Business
      633 Spirit Dr, Chesterfield, MO 63005-1243
      BBB File Opened:
      1/1/1982
      Years in Business:
      42
      Business Started:
      1/1/1982
      Business Started Locally:
      1/1/1982
      Accredited Since:
      12/8/2010
      Alternate Business Name
      • Missouri Higher Education Loan Authority
      • Higher Education Loan Authority of State of MO
      Hours of Operation

      Primary

      M:
      7:00 AM - 10:00 PM
      T:
      7:00 AM - 7:00 PM
      W:
      7:00 AM - 7:00 PM
      Th:
      7:00 AM - 7:00 PM
      F:
      7:00 AM - 7:00 PM
      Sa:
      9:00 AM - 1:00 PM
      Su:
      Closed
      Business Management
      • Mr. Will Shaffner, Director
      Contact Information

      Principal

      • Mr. Will Shaffner, Director

      Customer Contact

      • Mr. Will Shaffner, Director

      Industry Tip

      BBB Tip: What to consider when researching personal loans

      Customer Complaints

      2,475 Customer Complaints

      Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

      File a Complaint

      Most Recent Customer Complaint

      04/09/2024

      Complaint Type:
      Service or Repair Issues
      Status:
      Resolved
      I'm on the process of buying a home. The mortgage company requested a raport regarding my student loan. I contacted them and they put me on hold for hours. I tried next day and no option to talk with a agent, just robot. I tried again another day and now the phone number is not available. I don't understand this s**** attitude, I want just a raport!
      Read More

      Customer Reviews

      270 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      Tay D

      1 star

      04/13/2024

      I would give them a 0 if possible. I've had with MOHELA for less than a year and I have too many problems to count. I had ***************** for years and never experienced this many problems. I've called MOHELA more times this year than I ever called MyFedLoan. At this point, I think MOHELA's mistakes are intentional and a way to prevent people from reaching their 120th payment and apply for PSLF. This makes no sense. MOHELA has consistency made mistakes processing my paperwork and have not been honoring my requests to fix their mistakes. I am always on hold with customer service for hours just to be hung up on. How are they still in business given their pending lawsuits and long history of poor customer service

      Local BBB

      BBB of Eastern & Southwest Missouri & Southern Illinois

      BBB Reports On

      BBB reports on known marketplace practices.

      BBB Business Profiles may not be reproduced for sales or promotional purposes.

      BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

      When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

      BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

      As a matter of policy, BBB does not endorse any product, service or business.