What types of student loans does the Missouri Higher Education Loan Authority offer?
The Missouri Higher Education Loan Authority (MOHELA) offers a range of student loan options to help borrowers achieve their educational goals. These include federal loans such as Direct Subsidized and Unsubsidized Loans, PLUS Loans for graduate students and parents, and consolidation loans. MOHELA also offers private loans that can be utilized when federal options aren't enough to cover the cost of education. These private loans offer competitive interest rates, flexible repayment plans, and no origination fees. MOHELA strives to provide borrowers with the necessary financial assistance to pursue their education and offers resources like loan counseling and financial literacy programs to ensure successful repayment. Whether one is an undergraduate or graduate student, MOHELA has a variety of loan options to meet their unique needs.
Answered May 3, 2024
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