Q:

How do you make Mohela payments?

A:

Quick Answer

Individuals can make payment by auto debit, by signing in to the Mohela website, by calling Mohela or by using its bank's online bill pay service, explains the Missouri Higher Education Loan Authority. Individuals may also choose to mail their payments to Mohela.

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Full Answer

Individuals can enroll in the Mohela auto debit program, according to the Missouri Higher Education Loan Authority. This program allows automatic payments to be electronically debited from the individual's bank account. A person who enrolls and gets approval for the auto debit program receives a 0.25 percent interest rate deduction.

Individuals can also make a one-time payment by signing in to the Mohela website. They should go to the Make a Payment section and select the date when they would like to make the payment. First-time users have to add their account information. Returning users may select a listed bank account or add a new account. They then enter the amount for payment and submit it, notes the Missouri Higher Education Loan Authority.

As of 2015, individuals may call the automated telephone system at 888-866-4352 to calculate and make payments, states the Missouri Higher Education Loan Authority. International callers can call 636-532-0600. Payers can also use the bill pay service of their bank or financial institution to make Mohela payments. It is also possible to mail money or a check addressed to Mohela. The person has to include his 10-digit account number.

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