Senators Launch Investigation into MOHELA Regarding False Student Loan Delinquency Notices

Senators Elizabeth Warren and Jeff Merkley, among others, have initiated an investigation into federal student loan servicer MOHELA. This inquiry stems from reports that MOHELA erroneously sent numerous borrowers false delinquency notices, incorrectly warning of 'severely past due' loans and potential wage garnishment, with some accounts showing over $10,000 in errors. The situation raises concerns about loan administration and borrower impact.