Missouri Higher Education Loan Authority

Type: Private - Not-for-Profit
On the web: http://www.mohela.com
Employees: 200

From the "Show Me" state comes Missouri Higher Education Loan Authority (MOHELA), one of the country's top holders and servicers of student loans. The not-for-profit organization helps borrowers obtain education financing such as Federal Stafford, alternative or supplemental, and consolidation loans through lending institutions such as Bank of America and U.S. Bancorp. It also offers a "Rate Relief" program that can lower a borrower's interest rate by up to 3%, as well as deferment and forbearance options that either postpone or reduce a borrower's monthly payment.. MOHELA also manages loan servicing for lending institutions nationwide.

Key numbers for fiscal year ending June, 2008:
Sales: $26.4M

Officers:
Chairman: John Smith
CEO: Raymond Bayer
CFO: Scott Giles

Competitors:
PHEAA
Student Loan Corp.
Texas Guaranteed