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MOHELA
The Higher Education Loan Authority of the State of Missouri, also known as the Missouri Higher Education Loan Authority or MOHELA is one of the largest holders and servicers of student loans in the United States. Its headquarters are in St. Louis, Missouri. Created in 1981 as a quasi-governmental entity, MOHELA participated in the Federal Family Education Loan Program (FFELP) for nearly three decades, where it oversaw loans guaranteed by the federal government. Following the abolition of the FFELP program in 2010, MOHELA began to expand its business, overseeing around 6.7 million student loan borrower accounts as of 2022. History Early history (1981–2019) MOHELA was founded by the Missouri General Assembly in 1981 to oversee loans guaranteed by the U.S. federal government through the Federal Family Education Loan Program. Following the program's abolition in 2010, MOHELA began to expand its presence in the student loan servicing industry. In 2011, it was granted a cont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Student Loans In The United States
In the United States, student loans are a form of Student financial aid (United States), financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships and bursary, bursaries which are not repaid, and Grant (money), grants, which rarely have to be repaid. Student loans may be discharged through bankruptcy, but this is difficult. Research shows that access to student loans increases credit-constrained students' degree completion and later-life earnings while having no impact on overall debt. Student loan debt has proliferated since 2006, totaling $1.73 trillion by July 2021. In 2019, students who borrowed to complete a bachelor's degree had about $30,000 of debt upon graduation. Almost half of all loans are for graduate school, typically in much higher a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chesterfield, Missouri
Chesterfield is a city in St. Louis County, Missouri, United States. It is a western suburb of St. Louis. As of the 2020 census, the population was 49,999, making it the state's 14th most populous city. The broader valley of Chesterfield was originally referred to as "Gumbo Flats", derived from its soil, which though very rich and silty, resembled gumbo when wet. History Ancient history Present-day Chesterfield is known to have been a site of Native American inhabitation for thousands of years. A site in western Chesterfield containing artwork and carvings has been dated as 4,000 years old. A Mississippian site, dated to around the year 1000, containing the remains of what have been identified as a market and ceremonial center, is also located in modern Chesterfield. Historical communities The present-day city of Chesterfield is made up of several smaller historical communities, including: * Bellefontaine (French for "beautiful spring"), or as the locals called it, "Hil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Service Loan Forgiveness
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service A public service or service of general (economic) interest is any service intended to address the needs of aggregate members of a community, whether provided directly by a public sector agency, via public financing available to private busin .... The program permits Direct Loan borrowers who make 120 qualifying monthly payments under a qualifying repayment plan, while working full-time for a qualifying employer, to have the remainder of their balance forgiven. The earliest time in which borrowers could receive forgiveness under the program was after October1, 2017. The Department of Education reported that 2,215 borrowers had the remainder of their ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chuck Schumer
Charles Ellis Schumer ( ; born November 23, 1950) is an American politician serving as the Seniority in the United States Senate, senior United States Senate, United States senator from New York (state), New York, a seat he has held since 1999. A member of the Democratic Party (United States), Democratic Party, he has led the Senate Democratic Caucus since 2017 and served as Senate Majority Leader, Senate majority leader from 2021 to 2025. He has served two stints as Senate minority leader, from 2017 to 2021 and since 2025. He became New York's Seniority in the United States Senate, senior senator in 2001, upon Daniel Patrick Moynihan's retirement. Elected to a fifth term in 2022, Schumer surpassed Moynihan and Jacob K. Javits as the longest-serving List of United States senators from New York, U.S. senator from New York. He is the dean of United States congressional delegations from New York, New York's congressional delegation. A native of Brooklyn and a graduate of Harvard Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest Rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income". The borrower wants, or needs, to have money sooner, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * the term to m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joe Biden
Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who was the 46th president of the United States from 2021 to 2025. A member of the Democratic Party (United States), Democratic Party, he served as the 47th vice president of the United States, vice president from 2009 to 2017 and represented Delaware in the U.S. Senate from 1973 to 2009. Born in Scranton, Pennsylvania, Biden graduated from the University of Delaware in 1965 and the Syracuse University College of Law in 1968. He was elected to the New Castle County Council in 1970 and the 1972 United States Senate election in Delaware, U.S. Senate in 1972. US Senate career of Joe Biden, As a senator, Biden chaired the Senate United States Senate Committee on the Judiciary, Judiciary Committee and United States Senate Committee on Foreign Relations, Foreign Relations Committee. He drafted and led passage of the Violent Crime Control and Law Enforcement Act and the Violence Against Women Act. He also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biden V
Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who was the 46th president of the United States from 2021 to 2025. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 and represented Delaware in the U.S. Senate from 1973 to 2009. Born in Scranton, Pennsylvania, Biden graduated from the University of Delaware in 1965 and the Syracuse University College of Law in 1968. He was elected to the New Castle County Council in 1970 and the U.S. Senate in 1972. As a senator, Biden chaired the Senate Judiciary Committee and Foreign Relations Committee. He drafted and led passage of the Violent Crime Control and Law Enforcement Act and the Violence Against Women Act. He also oversaw six U.S. Supreme Court confirmation hearings, including contentious hearings for Robert Bork and Clarence Thomas. He opposed the Gulf War in 1991 but voted in favor of the Iraq War Resolution in 2002. Biden ran unsuccessfully for t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lebron V
LeBron Raymone James Sr. ( ; born December 30, 1984) is an American professional basketball player for the Los Angeles Lakers of the National Basketball Association (NBA). Nicknamed "King James", he is the NBA's all-time leading scorer and has won four NBA championships from 10 NBA Finals appearances, having made eight consecutive appearances between 2011 and 2018. He also won the inaugural NBA Cup in 2023 with the Lakers and has won three Olympic gold medals as a member of the U.S. national team. In addition to ranking fourth in NBA career assists and sixth in NBA career steals, James holds several individual honors, including four NBA MVP awards, four Finals MVP awards, the Rookie of the Year award, three All-Star Game MVP awards, the inaugural NBA Cup MVP, and the Olympics MVP in the 2024 Summer Olympics. A record 21-time All-Star and 21-time All-NBA selection (including a record 13 First Team selections), he has also made six All-Defensive Teams. The oldest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elizabeth Warren
Elizabeth Ann Warren (née Herring; born June 22, 1949) is an American politician and former law professor who is the Seniority in the United States Senate, senior United States senator from the state of Massachusetts, serving since 2013. A member of the Democratic Party (United States), Democratic Party and regarded as a Progressivism in the United States, progressive, Warren has focused on consumer protection, equitable economic opportunity, and the social safety net while in the Senate. Warren was a candidate in the 2020 Democratic Party presidential primaries, ultimately finishing third after Joe Biden and Bernie Sanders. Born and raised in Oklahoma, Warren is a graduate of the University of Houston and Rutgers Law School at Rutgers University–Newark and has taught law at several universities, including the University of Houston Law Center, University of Houston, the University of Texas School of Law, University of Texas at Austin, the University of Pennsylvania Law School ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernie Sanders
Bernard Sanders (born September8, 1941) is an American politician and activist who is the Seniority in the United States Senate, senior United States Senate, United States senator from the state of Vermont. He is the longest-serving independent politician, independent in US congressional history, but maintains a close relationship with the Democratic Party (United States), Democratic Party, having Congressional caucus, caucused with House Democratic Caucus, House and Senate Democratic Caucus, Senate Democrats for most of his congressional career and sought the party's presidential nomination in Bernie Sanders 2016 presidential campaign, 2016 and Bernie Sanders 2020 presidential campaign, 2020. Sanders has been viewed as the leader of the modern American Progressivism in the United States#In the 21st century, progressive movement. Born into a working-class Jewish family and raised in New York, Sanders attended Brooklyn College before graduating from the University of Chicago i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Washington Post
''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington metropolitan area and has a national audience. As of 2023, the ''Post'' had 130,000 print subscribers and 2.5 million digital subscribers, both of which were the List of newspapers in the United States, third-largest among U.S. newspapers after ''The New York Times'' and ''The Wall Street Journal''. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. In 1933, financier Eugene Meyer (financier), Eugene Meyer purchased it out of bankruptcy and revived its health and reputation; this work was continued by his successors Katharine Graham, Katharine and Phil Graham, Meyer's daughter and son-in-law, respectively, who bought out several rival publications. The ''Post ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
