Biden v Nebraska (Student Loans)
Missouri created MOHELA as a nonprofit government
corporation to participate in the student loan market. Mo.
Rev. Stat. §173.360 (2016). The Authority owns over $1 bil-
lion in FFELs. MOHELA, FY 2022 Financial Statement 9
(Financial Statement). It also services nearly $150 billion
worth of federal loans, having been hired by the Depart-
ment of Education to collect payments and provide cus-
tomer service to borrowers. Id., at 4, 8. '''MOHELA receives
an administrative fee for each of the five million federal ac-
counts it services, totaling $88.9 million in revenue last
year alone.''' Ibid.
https://www.supremecourt.gov/opinions/22pdf/22-506_nmip.pdf