ST.
LOUIS, July 8, 2024 /PRNewswire/ -- MOHELA, a
nonprofit, governmental entity dedicated to helping the student
loan borrowers it serves, has been awarded a 2024 Top Workplace by
the St. Louis Post-Dispatch for its dedication to Missouri families. MOHELA was previously
awarded a Top Workplace by USA
Today in April 2024.
"We are honored to be awarded as a Top Workplace in St. Louis and recognized for our dedication to
our employees and the student borrowers we serve," said
Scott Giles, Executive Director and
CEO of MOHELA. "This recognition highlights our ongoing commitment
to fostering a family-like workplace environment for our employees
whose service helps families in Missouri and nationwide. We believe that when
our employees are supported and cared for, they are best equipped
to fulfill our mission of providing the highest level of service to
our borrowers."
The Top Workplaces employer recognition award recognizes
organizations with at least 50 employees in the Greater St. Louis area. Winners are selected
by the St. Louis Post-Dispatch based on employee feedback gathered
through an employee engagement survey.
Based in St. Louis, MOHELA is a
strong contributor to its state and employs 540 Missourians. MOHELA
supports its employees with generous tuition reimbursement and
private student loan payment reimbursement programs, along with
flexible hybrid and remote work options to promote work-life
balance. The organization fosters a positive workplace culture by
organizing activities and recognition programs for its employees,
including game days, charity drives, and virtual clubs for
crafting, reading, and gaming.
In addition to its economic contributions to the state, MOHELA
is also a vital partner to Missouri communities. MOHELA's Foundation
provides grants, scholarships, and zero-interest loans to support
local students, families, local institutions, high schools, and
nonprofit organizations in Missouri. Over the last five years
(2018-2023), the Missouri Scholarship and Loan Foundation has
assisted over 8,500 Missouri
students, distributing $17.5 million
in scholarships and grants and $24.2
million in interest-free loans for Missouri students. You can learn more about
MOHELA's contributions to the state here.
To read more about MOHELA's award as a Top St. Louis Workplace,
click here.
About MOHELA
MOHELA is a non-profit, governmental
entity with 40 years of experience and a track record of providing
exceptional customer service to the borrowers it serves. MOHELA
plays an essential role in the federal student loan ecosystem,
providing support and assistance for around eight million federal
borrowers on behalf of the U.S. Department of Education's Office of
Federal Student Aid (FSA). The organization is frequently named a
top servicer in FSA quarterly surveys due to its commitment to
providing high-quality customer service to their borrowers.
In 2023, MOHELA was proud to assist more than six million
federal borrowers in their return to repayment. MOHELA's customer
service team facilitated over 3.1 million customer service calls
and processed more than 2.36 million Income-Driven Repayment Plan
applications and over 2.58 million payments to the federal
government on behalf of borrowers throughout 2023.
During MOHELA's time as the interim Public Service Loan
Forgiveness (PSLF) servicer (July
2022 through April 2024),
MOHELA processed nearly $55 billion
in PSLF forgiveness for nearly 737,000 borrowers at the direction
of FSA - a record-high for the government-run program. In the
five-year period prior to MOHELA becoming the interim PSLF
servicer, only about 165,000 borrowers had received $10.5 billion in loan forgiveness.
Media Contact: media@mohela.com
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SOURCE MOHELA