Hello guys…I’ve been looking into student loan refinancing options, and I came across MOHELA (Missouri Higher Education Loan Authority). However, I’m a bit skeptical and wondering if MOHELA is legitimate or if it’s possibly a scam.
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MOHELA is a legitimate organization, but it’s a loan servicer, not a refinancing company. They manage federal student loans, so they wouldn’t offer refinancing themselves. If you’re looking to refinance, be cautious of any company that seems too good to be true. It’s best to shop around with reputable lenders and compare rates.
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Surprisingly, most guys assume that MOHELA is a scam. But as my fellow @Andrew has brought things right, MOHELA is a legitimate organization. What the organizations should be largely called out for is its incompetence in performing its mandate.