On July 22, 2024 AFT filed a groundbreaking consumer protection lawsuit against the Higher Education Loan Authority of the State of Missouri (MOHELA), the giant student loan servicing company under fire for mismanaging student loan accounts for millions of people. The AFT is represented by the Student Borrower Protection Center (SBPC), National Consumer Law Center (NCLC), and Selendy Gay PLLC.
In the lawsuit, the AFT alleges that MOHELA illegally overcharged borrowers on their monthly student loan bills, failed to timely process paperwork, and actively misled borrowers about their student loan accounts. These illegal practices could expose MOHELA to billions of dollars in liability because these practices may violate a range of federal and state laws.
Read the Complaint: https://protectborrowers.org/mohela_lawsuit
Read the Press Release: https://protectborrowers.org/mohela-hit-with-groundbreaking-consumer-protection-lawsuit/