Missouri company plays central role in downfall of Biden loan forgiveness program

The Missouri Higher Education Loan Authority — MOHELA — is named 85 times in the U.S. Supreme Court’s opinion striking down the Biden administration's student loan forgiveness program. The ruling affects more than 777,000 Missourians with federal student loans who would have received $10,000-$20,000 of relief.
At the center of the U.S. Supreme Court decision striking down Joe Biden’s student loan forgiveness program on Friday was a little-known Missouri nonprofit that goes by MOHELA.

Based in St. Louis, the Missouri Higher Education Loan Authority is a quasi-governmental entity created by state lawmakers in 1981 to service student loans.