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MOHELA is committed to providing Figure members a first-rate customer experience.

Thanks for Serving!

Thank you to our Veterans for their service in the United States Armed Forces. Our offices will be closed on Wednesday, November 11.
FEMA

MOHELA sympathizes with those impacted by the recent natural disasters. If you reside in a designated disaster area declared by FEMA, you may be able to temporarily postpone your student loan monthly payment. Contact us today to determine if you qualify or to discuss other options available.
SOFR Rate

The SOFR Rate for Nov. 2026 is 3.930%.
With any change to the SOFR rate, variable rate loans will re-amortize and a repayment schedule will be provided that includes your new monthly payment, interest rate (margin plus SOFR), and the effective date of your new monthly payment amount.
Note: The repayment schedule interest rate does not reflect the Auto Pay discount as payments are not calculated with the discounted interest rate.
Public Service Loan Forgiveness

Public Service Loan Forgiveness is not available on private student loans.
Please note, private student loans are not eligible for a refund of payments made during the Covid-19 Forbearance.