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MOHELA Employee Benefits

Why choose MOHELA? Because we offer more than just benefits! MOHELA offers you the opportunity to work for a company that is known for its strength and character. At MOHELA, you'll have the distinction of working for a leader in the student loan industry. MOHELA also offers the satisfaction of knowing you have made a difference in people's lives. In support of our mission, you too can assist us in our ongoing effort to eliminate barriers to higher education.

MOHELA values the dedication of its employees and proudly provides full-time employees with a competitive and comprehensive benefits program.

MOHELA encourages a healthy balance between work and life by offering the following benefits:

Medical, Dental and Vision Insurance

MOHELA offers medical, dental and vision insurance to employees and their families. MOHELA contributes a majority of the costs for these insurance plans.

Life and Disability Insurance

Employer-provided term life insurance benefits that exceed $50,000 are considered taxable benefits to the employee. Benefit Basics-Employee Term Life Insurance benefit is double the employee’s annual salary (maximum benefit - $300,000). Accidental Death and Dismemberment insurance provides additional benefits for dismemberment disability or accidental death. Coverage is not available for dependents.

The above insurance plans are effective on the first day of the month following a 60-day waiting period.

Retirement Plans

MOHELA offers an exceptional retirement program with a voluntary 401(k) retirement saving plan and a company-funded pension plan to help employees reach their future financial goals and prepare for retirement.

401(k) Retirement Plan

A plan designed to help our employees build savings for the future.

Pension Plan

Designed to provide a monthly income to participants who meet the plan's requirements for retirement.

Time Off

Tuition Assistance

After one year of employment, partial tuition assistance for undergraduate and graduate course work is available on a sliding scale dependent upon grades and tenure.

Employee Assistance Program (EAP)

MOHELA offers, free of charge, a professional counseling service for employees and their immediate family members. This voluntary benefit is completely confidential.

Location and Work Environment