Is Nelnet going out of business?

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Nelnet and Great Lakes, which are part of the same company and collectively service federal student loans for approximately 13 million student loan borrowers, may no longer service federal student loans after December 2020.

What does the company Nelnet do?

Nelnet, Inc., is a United States-based conglomerate that deals in the administration and repayment of student loans and education financial services. The company is headquartered in Lincoln, Nebraska.

Is Nelnet a legitimate company?

How Does Nelnet Work? If Nelnet is contacting you about student loans, it is probably your servicer. Even so, check and verify your student loan servicer on the Federal Student Aid website to gain peace of mind that these communications from Nelnet are legit.

What company took over Nelnet?

Great Lakes Higher Education Corp.
Bestselling Author, The Lemonade Life. Nelnet, one of the nation’s largest student loan servicers, agreed to purchase a competitor student loan servicer, Great Lakes Higher Education Corp., for $150 million in an all-cash transaction.

Is Nelnet private or federal?

federal
Nelnet is a federal student loan servicer working on behalf of the U.S. Department of Education, the government agency that lends you or your child student loans. A loan servicer acts as the customer service provider for the loans that the Department of Education lends to borrowers.

What kind of company is Nelnet?

federal student loan servicer

What does Nelnet stand for?

Is Nelnet in a lawsuit?

Maxwell v. Nelnet, Inc. The 10-page lawsuit alleges the loan servicer has run afoul of both the federal Telephone Consumer Protection Act (TCPA) and Florida Consumer Collection Practices Act.

Can my student loan be forgiven due to Covid?

No, there is no coronavirus-related loan forgiveness for federal student loans. The Department of Education and your loan servicer should be your trusted sources of information about official loan forgiveness options. You never have to pay for help with your federal student aid.

Where is Nelnet based?

Lincoln, Nebraska
Nelnet, Inc. , headquartered in Lincoln, Nebraska, is a diverse company with a focus on delivering education-related products and services and student loan asset management.

Is nelnet a federal loan?

Nelnet is a federal student loan servicer working on behalf of the U.S. Department of Education, the government agency that lends you or your child student loans.