Hiring increases for education finance organization

On July 5, the Missouri Higher Education Loan Authority, also known as MOHELA, disclosed its plans to hire more staff.

Over a five-month period, 365 loan processors and student loan counselors will join the 530 staff members employed at MOHELA. This will increase employment at the company by almost 70%. Around 300 of its current employees have come on board since 2011.

MOHELA has been able to dramatically increase hires even though it has not been able to give out new federal loans since the federal government took control of higher education loan lending. In total, MOHELA has $39bn worth of outstanding loans from 1.75 million customers.

The student loan company has headquarters based in Chesterfield and serves areas across the state, including nearby Maryland Heights. In 2012, it added a location in Columbia and recently acquired an office in Washington D.C. Although it is unclear if the new employees will work on a new contract or where the employees will work, the authority will broaden its Columbia and Chesterfield offices. Both positions offer salary, benefits, 401(k), and training. Student loan counselors will make $15 per hour, while a loan service specialist will make $13 per hour.

New hires can increase their reputation at the company through handing out Business Cards to future college students. The company will take notice if potential customers ask for an employee directly.

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