General Information

Financial Aid Officers have a choice when working with MOHELA. Most Financial Aid Officers have worked hard to develop the best lending options for students and parents. These options, or lenders, may be found on a school's list of “Commonly Used Lenders” (Preferred Lender List).

MOHELA recommends that, when possible, a borrower should work with their Financial Aid Office in choosing an appropriate lender for their student loan needs.

If a borrower prefers to work with a lender not listed on a school’s Commonly Used Lender List, they can choose any eligible lender, such as other MOHELA lenders or the National Lender List.

Lender Lists

MOHELA Lender List:

Why choose a MOHELA Lender?

MOHELA has established the following programs to support our students and families with their student loans.

• Rate Relief - An interest rate reduction program MOHELA offers to our borrowers when they enter repayment.
• Public Service Reward Program - To assist individuals who choose a noble and fulfilling career in public service in Missouri or Arkansas by offering lower interest rates.
• Loan Forgiveness Programs - MOHELA will from time-to-time forgive certain amounts of a borrower's student loan based on our Mission and community priorities. Over the past 25 years, MOHELA has forgiven in excess of $28 Million of student loan debt for Missouri residents.

MOHELA Lender List

National Lender List:

MOHELA is also pleased to provide the National Lender List as a reference for students and parents when selecting a lender for their Federal student loan. Some lenders have more than one Lender ID for student loan processing. Please check with your Financial Aid Office for Lender IDs.

National Lender List