Welcome to MOHELA!

SoFi Private Education Loans Serviced by MOHELA

Your new private education loan is now being serviced by MOHELA on behalf of SoFi. With over 40 years in the student loan servicing industry, we have the expertise to help manage your loans.

We offer tools and resources along with dedicated Account Specialists to answer your questions and help you navigate through your loan’s life cycle to successfully repay your loans.

Our Customer Promise

MOHELA is committed to giving our customers a first-rate experience. To aid in repaying your student loans, we promise to listen, offer customized solutions to meet your specific needs and provide superior guidance as your dedicated resource expert.

Servicing Information to Know

MOHELA is dedicated to providing full access to all resources to ensure your servicing experience is exceptional. We encourage you to set up a web account for 24-hour access to account information and management. To receive correspondence quickly and easily, you can sign up for Paperless communication. When a document or bill has been generated, an email will be sent advising to login to your web account. You can view your documents via "My Messages."

Communications you should expect to receive from MOHELA for your SoFi private loan servicing include, but are not limited to:

  • Repayment Schedule - A schedule informing you of the monthly payment amount, remaining number of months in repayment, interest rate for new loans and any time your payment amount changes, thereafter.
  • Monthly Billing Statement - If not enrolled in Auto Pay, a monthly statement will be sent via mail or Paperless communication. The Billing Statement includes your last payment date and amount, past due amount, if applicable, current amount due, total amount due, and late fee amount if paid after due date.
  • Returned Payment Notification - Provides the date of payment and amount of payment that was returned. This is to allow a replacement payment to be made to avoid a past due status.

Variable rate loans are based on a rate index plus a margin. If the rate index changes, your interest rate will change and your monthly payment amount will be recalculated. Interest accrues daily on your outstanding principal balance from date of disbursement until the loan is Paid in Full. Payments applied will go to late fees, if applicable, interest due, then principal balance.

MOHELA offers several options to make monthly payments. Enrolling in Auto Pay allows payments to be automatically withdrawn monthly. You can also add an amount to be withdrawn in addition to your normal monthly payment. Based on your loan type, you may be eligible to receive a 0.25% interest rate reduction for enrolling in Auto Pay! Your monthly payment amount will not change with the rate reduction but will allow more of your payment to apply to your principal balance, paying off your loan quicker.

We have several other methods to help you manage your loan payments. We provide 24 hour web access to schedule a one-time payment at your convenience or 24 hour access option to pay by phone through our automated system at 877.292.7470 (Toll Free). Payments accepted via mail, however, may take up to 7 business days to post to your account. To pay by mail, please remit to:

P.O. Box 1022
Chesterfield, MO 63006-1022

MOHELA provides a monthly loan status update to the four major Consumer Reporting Agencies. Therefore, it is important to keep your contact information up to date so that we may notify you promptly if your account is past due.

To ensure the best possible experience, MOHELA offers the option to schedule a call back to discuss your account inquiries at a time that is convenient for you. Schedule a Call Today!

Manage Your Account

This is a great way to stay on top of your student loans.

  • Review loan details (balance, accrued interest, etc.)
  • Update your contact information
  • Enroll in and manage notifications
  • Sign up for Go Paperless electronic correspondence for quicker account updates
  • Access secure messages with customer service professionals
  • Complete forms and upload forms for processing
  • Make payments

Keep your contact information up to date so we can reach you with important information. Also, keep an eye on your email for important account updates.

To authorize someone you trust (e.g., parents or spouse) to have access to your account information, you can download and complete the Third-Party Authorization Form by creating an account.

You can choose to pay toward your student loans at any time, which will save you money down the road.