Important Announcement

A federal court issued an injunction preventing the U.S. Department of Education from implementing the Saving on a Valuable Education (SAVE) Plan and parts of other income-driven repayment (IDR) plans.

Important Updates

Saving on a Valuable Education (SAVE) Plan Recertification Dates Extended

If you're enrolled in the SAVE Plan, there's good news. MOHELA, following guidance from the U.S. Department of Education, has extended your deadline to recertify your income-driven repayment (IDR) plan. No action is needed. Watch for communication on your new recertification date.

For the latest information on the SAVE Plan, visit StudentAid.gov/save.

Income-Driven Repayment (IDR) processing

A federal court issued an injunction changed how ED can implement certain parts of IDR plans. Because of these changes, the U.S. Department of Education has instructed federal student loan servicers to deny IDR applications where "lowest monthly payment" was selected, more than one IDR plan was selected, or an IDR plan was not selected. Visit Studentaid.gov/loan-simulator to review your options and apply for an eligible repayment plan.

Saving On A Valuable Education (SAVE) Plan Administrative Forbearance

In July 2024, a federal court injunction blocked parts of the SAVE Plan. As a result, eligible federal student loans were placed in forbearance with a 0% interest rate. During this forbearance interest had not accrued; therefore, loan balances (including principal and interest) have not increased during this forbearance. You will not have to make payments until the SAVE forbearance ends. In February 2025, a second federal court injunction ended the SAVE 0% interest rate. To comply with this injunction, loan(s) in the SAVE Administrative Forbearance began accruing interest on August 1, 2025.

You can view your interest rate, outstanding interest amount, or make payment toward interest via your online account. For more information, view our FAQs!

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Auto Pay Interest Rate Reduction

Save yourself time and ensure your scheduled payments will be made on-time each month by setting up automatic payments. There is no need to rush to the mailbox each month or worry about logging in to make a manual payment online. It’s free to apply!

Enrolling in Auto Pay means we will automatically withdraw your monthly payment each month from a bank account you designate. This also provides an interest rate reduction benefit of 0.25% . Auto Pay saves time and saves you money by lowering your interest rate.

Keep in mind this reduction remains in effect while you are actively participating in the Auto Pay program. Please note:

  • During periods of deferment or forbearance, Auto Pay will not be in effect and you will not receive the 0.25% interest rate reduction during these periods. Auto Pay will resume at the end of your deferment or forbearance, as will the 0.25% interest rate reduction. You will receive a monthly payment reminder at least 21 days prior to your due date.

  • Auto Pay will be removed if three consecutive payments are returned due to insufficient funds, this will result the loss of the 0.25% interest rate reduction. (Other conditions may apply.)

Apply for Auto Pay through your online account and review the Auto Pay Authorization Agreement for complete information. Please be advised, per Section 2 of the Auto Pay Authorization Agreement, MOHELA is not able to apply an additional withdrawal amount (more than your monthly payment amount) on your behalf. To apply an additional withdrawal amount, you will need to edit your agreement through your online account. After logging in, select "Payments and Billing" from the top menu. Then, select "Auto Pay", enter your desired Requested Auto Pay Amount for each loan, select "Preview", and then "Submit". Any additional withdrawal amount applied to your Auto Pay Agreement will continue to be withdrawn until you notify us to make a change.