SOURCE: MOHELA - Higher Education Loan Authority of the State of Missouri

November 09, 2007 15:14 ET

MOHELA Board Approves Code of Conduct

ST. LOUIS, MO--(Marketwire - November 9, 2007) - The members of the Board for the Higher Education Loan Authority of the State of Missouri (MOHELA) have approved a Code of Conduct to guide the Missouri-based student loan organization in its relationships with colleges and universities and the student loan borrowers served by MOHELA. The Code of Conduct will take effect immediately and is available for public review at www.mohela.com.

Dr. John Smith, Chair of the MOHELA Board, said that many student loan organizations across the country and many educational institutions were adopting similar codes of conduct. The new Code is one of several initiatives aimed at accountability and transparency that Dr. Smith and the Board have undertaken since they were appointed to the MOHELA Board. "The Board takes the public trust instilled in MOHELA very seriously. MOHELA is committed to the highest standards of integrity and dedication to public service. The new Code of Conduct reinforces that commitment," Dr. Smith said.

Raymond H. Bayer, Jr., Executive Director and CEO for MOHELA, said that MOHELA welcomes the clarification and instruction that the Code of Conduct provides, noting that "Our school customers expect MOHELA to treat them and the families we serve with the highest levels of respect and integrity. This Code further clarifies and reaffirms MOHELA's standing within the student loan community as an organization that offers the highest levels of customer service and ethical behavior. MOHELA treats its customers with the dignity and respect they deserve."

MOHELA is one of the largest student loan companies participating in the nonprofit secondary market sector in America and is a leading holder and servicer of student loans with more than $5 billion in assets and loan purchase activity in excess of $1.66 billion per year. MOHELA advances its benevolent mission of eliminating barriers for students so they can access higher education through local, regional and national partnerships with a variety of educational and financial institutions.

Contact Information

  • For additional information, contact:
    Will Shaffner
    Office 636-532-0600 x3430