The analysis goes on to estimate that those figures indicate MOHELA would make $167 million in revenue servicing federal direct loans in the first year after cancellation.
The analysis added that MOHELA's internal"Forgiveness Impact Summary," obtained through a Missouri Sunshine Law request, confirms the assessment. This is despite it being based on figures from August last year, prior to an increase in borrower accounts. "The lawsuit that threatens this policy rests on a chain of false and flimsy claims," researchers wrote in their conclusion.
"Our analysis reveals this assertion to be false. In contrast, MOHELA will earn higher revenue than ever before, even after cancellation is administered—contradicting the plaintiff's argument and calling into question their claims to standing," they added.
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