Teachers Union Sues MOHELA Over Alleged Student Loan Mismanagement
Lawsuit claims MOHELA's practices have financially harmed millions of borrowers, calling for accountability and relief.
- The American Federation of Teachers filed the lawsuit against MOHELA in the Superior Court of the District of Columbia.
- MOHELA is accused of overcharging borrowers, providing inaccurate billing information, and failing to process paperwork promptly.
- The lawsuit alleges MOHELA's actions have caused significant financial, mental, and emotional distress to borrowers.
- AFT demands a jury trial and seeks relief for affected borrowers, citing violations of consumer protection laws.
- Senators Schumer, Sanders, and Warren have renewed calls for action against MOHELA following the lawsuit.