What types of student loans does the Missouri Higher Education Loan Authority offer?

The Missouri Higher Education Loan Authority primarily offers a variety of student loan options designed to support borrowers in financing their education. One of the main types of loans available includes federal loans, such as Direct Subsidized and Unsubsidized Loans, which are provided by the federal government. These loans typically have fixed interest rates and might offer flexible repayment options. In addition to federal loans, MOHELA services private student loans for borrowers who may need additional financing beyond what federal loans can cover. These private loans can vary significantly in terms of interest rates, repayment terms, and eligibility criteria. MOHELA also offers various repayment plans, which are designed to help borrowers manage their loan payments effectively based on their financial circumstances. It is important for borrowers to review and understand the different options available to them, including any potential benefits related to public service or income-driven repayment plans. For specific details regarding the loans offered, borrowers may find it helpful to check the official MOHELA website for the most accurate and up-to-date information.