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Higher Education Loan Authority Of The State Of Missouri
The Higher Education Loan Authority of the State of Missouri, aka the Missouri Higher Education Loan Authority or MOHELA, is one of the largest holders and servicers of student loans in the United States. Its headquarters are in St. Louis, Missouri. MOHELA is among the 10 largest student loan servicers. Created in 1981 as a quasi-governmental entity, MOHELA participated in the Federal Family Education Loan Program (FFELP) for nearly three decades Student loan transfer controversy However, there have been several complaints from borrowers about loan handling during and after the switch to MOHELA, with borrowers complaining of charges for late payments due to delayed processing of payments made to the Department of Education before the transfer, suspension of auto-payment programs, increased payment amounts, increased estimated repayment dates, changes to the borrower's selected repayment plan, unwanted forbearances and deferments, failure to process forms, and applied or c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Missouri
The government of the U.S. state of Missouri is organized into the state government and local government, including county government, and city and municipal government. State government Constitution The fourth and last Constitution of Missouri, the state constitution, was adopted in 1945. It provides for three branches of government: The legislative, executive, and judicial. Legislative branch The legislative branch consists of the state legislature, which is the Missouri General Assembly. Like 48 of the other 50 states, it is bicameral & comprises a 163-member House of Representatives (the lower house) and a 34-member Senate. Members of both houses are subject to term limits: Senators are limited to two four-year terms, and representatives to four two-year terms; a limit of 8 years for members of both houses. The state constitution provides that "The general assembly shall meet on the first Wednesday after the first Monday in January following each general election. .. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Perkins Loan
A Federal Perkins Loan, or Perkins Loan, was a need-based student loan part of the Federal Direct Student Loan Program, offered by the U.S. Department of Education to assist American college students in funding their post-secondary education. The program was named after Carl D. Perkins, a former member of the U.S. House of Representatives from Kentucky. Perkins Loans carried a fixed interest rate of 5% for the duration of the ten-year repayment period. The Perkins Loan Program had a nine-month grace period, so that borrowers began repayment in the tenth month upon graduating, falling below half-time status, or withdrawing from their college or university. Since the Perkins Loan was subsidized by the government, interest did not begin to accrue until the borrower began to repay the loan. In the 2009–2010 academic year, the loan limits for undergraduates were $5,500 per year with a lifetime maximum loan of $27,500. For graduate students, the limit was $8,000 per year with a lifet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Education In Missouri
Education in Missouri is provided by both public and private schools, colleges, and universities, and a variety of public library systems. All public education in the state is governed by the Missouri State Board of Education, which is made up of eight citizens appointed by the Governor of Missouri and confirmed by the Missouri Senate. History Elementary and secondary education Administration of primary and secondary public schools in the state is conducted by the Missouri Department of Elementary and Secondary Education. Education is compulsory from ages seven to seventeen in Missouri, commonly but not exclusively divided into three tiers: elementary school, middle school or junior high school, and high school. The public schools system includes kindergarten to 12th grade. District territories are often complex in structure. In some cases, elementary, middle and junior high schools of a single district feed into high schools in another district. High school athletics and compe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Federal Student Loan Servicers
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Funding Of Higher Education In The United States
Higher education in the United States is an optional stage of formal learning following secondary education. Higher education is also referred as post-secondary education, third-stage, third-level, or tertiary education. It covers stages 5 to 8 on the International ISCED 2011 scale. It is delivered at 4,360 Title IV degree-granting institutions, known as colleges or universities. These may be public or private universities, research universities, liberal arts colleges, community colleges, or for-profit colleges. US higher education is loosely regulated by the government and by several third-party organizations. In Spring 2022, about 16 million students 9.6 million women and 6.6 million men enrolled in degree-granting colleges and universities in the U.S. Of the enrolled students, 45.8% enrolled in a four-year public institution, 27.8% in a four-year private institution, and 26.4% in a two-year public institution. College enrollment has declined every year since a peak in 2010 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
College Consolidation Loan
In the United States, the Federal Direct Student Loan Program (FDLP) includes consolidation loans that allow students to consolidate Stafford Loans, PLUS Loans, and Federal Perkins Loans into one single debt. This results in reduced monthly repayments and a longer term for the loan. Unlike the other loans, consolidation loans have a fixed interest rate for the life of the loan. Interest rates and payments Consolidation loans have longer terms than other loans. Debtors can choose terms of 10–30 years. Although the monthly repayments are lower, the total amount paid over the term of the loan is higher than would be paid with other loans. The fixed interest rate is calculated as the weighted average of the interest rates of the loans being consolidated, assigning relative weights according to the amounts borrowed, rounded up to the nearest 0.125%, and capped at 8.25%. Some features of the original consolidated loans, such as postgraduation grace periods and special forg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PLUS Loan
A PLUS Loan is a student loan, which is part of the Federal Direct Student Loan Program, offered to parents of students enrolled at least half time, or graduate and professional students, at participating and eligible post-secondary institutions. The original, now obsolete, meaning of the acronym was "Parent Loan for Undergraduate Students". Similarities with Stafford and Perkins loans PLUS loans share some similarities with the Stafford and Perkins loans offered to students: * Offered under Title IV of the Higher Education Act of 1965 (with subsequent amendments) and are therefore backed by the full faith of the United States Government * Can be consolidated through the federal student loan consolidation program Differences from Stafford and Perkins loans * There are no limits on the amount borrowed up to the cost of attendance minus other financial aid. Living expenses are considered part of the cost of attendance. * The repayment schedule for Direct PLUS Loans disbursed on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chesterfield, Missouri
Chesterfield is a city in St. Louis County, Missouri, United States. It is a western suburb of St. Louis. As of the 2020 census, the population was 49,999, . The broader valley of Chesterfield was originally referred to as "Gumbo Flats", derived from its soil, which though very rich and silty, resembled gumbo when wet. History Ancient history Present-day Chesterfield is known to have been a site of Native American inhabitation for thousands of years. A site in western Chesterfield containing artwork and carvings has been dated as 4,000 years old. A Mississippian site, dated to around the year 1000, containing the remains of what have been identified as a market and ceremonial center, is also located in modern Chesterfield. Historical communities The present-day city of Chesterfield is made up of several smaller historical communities, including: * Bellefontaine (French for "beautiful spring"), or as the locals called it, "Hilltown", dates to about 1837 with the arrival of A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest Rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income." The borrower wants, or needs, to have money sooner rather than later, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
