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Saturday, November 23, 2024

Missouri U.S. Rep Cori Bush: "1 MOHELA said their executives were not involved in the lawsuit. 2 MOHELA stressed that as a governmental..."

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Cori Bush tweeted the following:

"1 MOHELA said their executives were not involved in the lawsuit.
2 MOHELA stressed that as a governmental entity, they "do not exist to make profits," & they would fulfill its obligations pursuant to its federal servicing loan contract (aka supporting federal loan relief)."
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Here are other recent tweets from Cori Bush:

"The GOP is doing everything it can to prevent millions of borrowers from receiving life-changing economic relief.

As a result, the courts have placed a temporary pause on @POTUSs debt relief rollout plan."
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"The legal basis of this lawsuit is that the student loan cancellation plan would threaten the revenue of public loan servicers, citing MOHELA as their primary example.

So I asked @MOHELA directly about their role and thoughts regarding this lawsuit.
Here's what they said "
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".@MOHELA responded to a letter I sent last month demanding an explanation of their connection to a GOP-led lawsuit led by MO @AGEricSchmitt to block Bidens student debt relief plan.

below on what this means for more than 40 million borrowers.
washingtonpost.com/education/2022"
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