Nelnet is one of only four approved loan servicers for all federal student loans.
The company is based in Lincoln, NE and provides a wide range of educational services to students from grades K-12 through college.
Nelnet has a partnership with the Department of Education allowing them to be an official servicer of federal student loans for over 5 million borrowers. The company services loans from other lenders as well as their own portfolio of acquired federal student loans.
Nelnet offers many services to student loan borrowers,
● FAFSA assistance
● Student loan education resources
● Information resources for parents of borrowers
● Repayment estimation calculators
● Loan consolidation
● Repayment options (including Income-Driven Repayment plans)
● Public Service Loan Forgiveness (PSLF)
● Total and Permanent Disability Discharge (TPD)
● Credit score information
● Financial wellness tips for borrowers
● Identity theft protection
The company’s goal is to provide student borrowers with an end-to-end solution for their time in school, during their grace period, and once they enter repayment. They do this through a process of consistent communication and guidance throughout a borrower’s loan cycle.
Total and Permanent Disability Discharge (TPD)
One particular area of student loans that Nelnet can help with is Total and Permanent Disability Discharge. The company does this through DisabilityDischarge.com where student borrowers can attempt to discharge their Federal Direct Loans, FFEL Loans, Perkins Loans, or TEACH grants if they are unable to work because of a disability.
Other Student Loan Ventures
Nelnet is also involved in developing and implementing new software programs to improve different areas of student loan management. These areas include loan payments and servicing, scholarship management, loan application management, college essay formatting, test preparation, compliance, and many more.
The company also has an asset management division which concentrates on the acquisition, management, and ownership of their own portfolio of federal student loans.
Reviews for Nelnet
BBB Rating: B (Accredited since 4/13/05)
Credit Karma Rating: 4.1 stars (out of 5)
Yelp Rating: 1.3 stars (out of 5)
For more information on how Nelnet can help with the management and repayment of your federal student loans, visit Nelnet.com
What Type of Loan is NELNET?