What are the eligibility criteria for student loans from the Missouri Higher Education Loan Authority?
To be eligible for student loans from the Missouri Higher Education Loan Authority (MOHELA), applicants must fulfill certain criteria. Firstly, the borrower must be a U.S. citizen or a permanent resident. Secondly, they should be enrolled or accepted for enrollment on at least a half-time basis at an eligible educational institution. Additionally, applicants should maintain satisfactory academic progress as per the institution's guidelines. They must not have any outstanding defaults or judgments on any student loan, and should not be delinquent on any federal debt. MOHELA loans generally require a creditworthy cosigner, such as a parent or guardian, who is a U.S. citizen or a permanent resident. Meeting these eligibility requirements is crucial to secure student loans from MOHELA and pave the way for affordable education.
Answered May 3, 2024
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