Requesting A Forbearance With MOHELA
Do Not Send This Directly To MOHELA.
Once you complete it, UPLOAD IT TO YOUR PORTAL and let us review it for you. We will mail it on your behalf.
We know you may have questions about forbearance and how and when to use it.
We've got you covered.
Requesting forbearance on your student loans means you can postpone or reduce your monthly payments for a certain period.
Here's What A Forbearance Does:
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Receive a reduced payment price point
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Payment period postponed/extended
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Allows you more time to recover financially
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Makes your loan current, getting you out of the late payment cycle
Here's What To Keep In Mind With Forbearance:
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Forbearance is temporary, only for a set period of time.
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Credit bureau still records previously past due payments
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You’re still liable to pay the accrued interest on your loans for the affected months
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Loans will capitalize if you don’t pay interest - If you can, continue to pay interest.
Here's How To Request A Forbearance With MOHELA:
Step 1: Download This Form: MOHELA Forbearance Request
Here's what the top of that form looks like:
Make sure you fill out the information specific to the loan you're requesting forbearance on. You can find your MOFELP loan number on your statement
It's best to use forbearance on the latest outstanding time period because you may have grace period on latter loan amounts.
Consult with our team to ensure you're in the best position if need be.
Please fill out The borrower and co borrower information.
Missouri Family Education Loan Program also requires two separate references that need to be supplied.
Step 2: The Request
This is important.
The second half of the first page has you detail out the reasons for your forbearance request.
Please fill this out.
Explain why you are requesting a forbearance.
Remember, you are a borrower of a federal student loan. Most lenders don't allow postponement of payment. So the fact the government allows a short window in time to push payments off is a great resource, but they need to make sure you have a good reason for this forbearance request.
If you have questions about filling this out properly please use the CHAT feature below or call our customer success team directly at 877-433-7501 option 2.
Do Not Send This Directly To MOHELA.
Once you complete it, UPLOAD IT TO YOUR PORTAL and let us review it for you. We will mail it on your behalf.
Step 3: Sign It
At the top of the second page you need to fill out the amount of time for your request.
Ideally, you use the least amount of time possible. Reason being, if you need forbearance in the future you want to make sure you have time available.
Please make sure you complete this. MOHELA will not accept your forbearance form without your information on each page they request it.
Then sign your name and have the co-borrower sign their name stating you would like to apply for forbearance.
Do Not Send This Directly To MOHELA.
Once you complete it, UPLOAD IT TO YOUR PORTAL and let us review it for you. We will mail it on your behalf.
Step 4: Once You've Printed Out And Signed This Document, Upload It It Your Membership Portal
Hover over "My Consolidation" and select the "Submit Your Documents" tab.
Use The File Upload Box To Upload Your Forms.
Here's What Happens After You Do That...
Once you submit your forbearance request our success team will review your documents. If everything is good to go we will mail the forms on your behalf.
You will be notified once we send them out.
If there are issues with the form we'd like to discuss with you, we will contact you.
Do Not Send This Directly To MOHELA.
Once you complete it, UPLOAD IT TO YOUR PORTAL and let us review it for you. We will mail it on your behalf.
It's important to remember that MOEHLA is a collection company for the federal government.
They do not want to grant you forbearance because it means it takes them longer to make money on your loan.
Fortunately, they have no choice.
But that doesn't mean they won't give you push back or a hard time at implementing your forbearance.
Our success team makes sure they abide by the rights you have so you don't have to worry.
We've got you covered.