Hi all,
I paid my total amount for my school loans based off of the value on my Mohela account yesterday in full. I see that it has accrued interest for today, which I expected since it hasn't fully processed my payment yet. How do I pay off the damn loans in full? Some people have said that the payment is processed retroactively and that once it processes, the interest accrued during the processing period will be removed since I paid off the full balance for that day. If that's the case then I am good to go I guess, but I'm not entirely certain since Mohela doesn't send any confirmation email or letter about them being paid in full, dead and buried.
Calling Mohela is just worthless, it's just a telepromt maze that makes you run in circles. The teleprompt gave me a final payoff balance, which was about $40 more than what I paid off yesterday and the balance displayed on my account currently, which I don't really understand why. That's why I wanted to speak with a real person to get clarification.
Mohela Loan Paid-In-Full Question
byu/Horror-Biscotti8999 inStudentLoans
Posted by Horror-Biscotti8999
2 Comments
I just made a payment of $5 to cover the interest and the remaining as the second payment. They sent me a check for $4.99 a few weeks later.
Just FYI for anyone else looking to do this, on the Mohela website if you click through to the Loan Details page for the loan you want to payoff, it will tell you what the “Payoff Amount” is for that loan in order to avoid this situation