I could never find this Asia person again to make the payment to pay ot off. I chose Nelnet because I thought they were federally backed and I would qualify to take the parent plus loans and move them to my daughter. I have a nelnet student loan tooI want in!! (Private companies like Navient and Nelnet, which help administer the loans and repayments, are likewise referring borrowers to a government portal created to share updates on student loans. They dont give you an option. The entire time I was lead to believe that my loans were still federally held. Please add me to the class action lawsuit with Nelnet. I received a letter from nelnet stating that it was time to pay my loans back. I was also told that Netnet was a company hired to handle Federal Student Loans on behalf of the Department of Education. At the moment, companies servicing federal student loans are FedLoan Servicing (PHEAA), Great Lakes Educational Loan Services Inc., Edfinancial, MOHELA, Aidvantage, Nelnet, OSLA Servicing, ECSI, or Default Resolution Group. I just found out today about Nelnet being a private loan servicer. The department said they expect a four-to-six-week turnaround for forgiveness. Although I should have been eligible for the PSLF program, I was denied eligibility. I currently owe close to $57,000. All my loans were federal I thought. Clearly, the language involved in the voicemail is inaccurate, as the United States Department of Education has no involvement with the Plaintiffs Student Loans, the plaintiff said. The school I did my schooling at university of phoenix lied to me. My loan was from sallie mae and was bought out by navient and then nelnet. PLEASE HELP, I too am being raped by Nelnet. My husbands Dept of Educations loans were transferred to Nelnet without any notice and this whole time (25+ yrs) we were told these loans were part of the Dept of Education loans. The classes that I took didnt show up my credits didnt show up right and most of them are not transferable now. Please include me in this. Please add me to this lawsuit! PLEASE INCLUDE ME!!!! Plz let me know more details as it becomes available. Before the pandemic I was on an IBR plan. I have had several student loans in different amounts. Please include me!! of Ed./Nelnet thinking its Federal Gov.. interest has accrued since this Covid Pandemic and has affected many globally. Recipients of Pell grants -- which are designed for people with "exceptional financial need," according to the government -- are eligible for an additional $10,000 to be canceled, or $20,000 total. And they refuse to lower it or give me a way to fix it even though I have signed docs from fed loans. My loan is at nelnet. When student loans were put on deferment due to Covid, my Nelnet loans (which were owned by private lenders, yet Nelnet services them and identifies themselves as United States Department of Education ) the private lenders charged me $9,000 in additional interest.

Nelnet used predatory lending techniques to change our loan type to some sort of consolidation loan they no longer offer and will not get us out of. I was under the same impression that my student loans were federal loans. I would like to be added to this lawsuit But I live in Virginia. For private student loan debt, contact your lender to learn if theyll forgive your loans due to disability. 2 days ago. I have wondered why I have not been getting a bill from them. I also went thru Nelnet for my sons tuition. Learn More:$10,000 Student Loan Forgiveness. If a borrower's entire balance is not erased by the federal forgiveness program, interest will begin accruing again on the remaining sum. My daughter was also duped by nelnet. Make it make sense! Now, we can check a box that says do not apply to future payments if we want to pay extra. I was led to believe my loans were backed by federal government while attending Argosy University. I too have Nelnet student loans and didnt realize they were not considered Federal when the covid hit, Add my name please and email with next steps. However, what if you have private student loans? Last April, I too learned that I was ineligible for the CARES in regards to student loans. The whole process of student loans is deceitful, misleading and the hard working Americans in the country have to pay the price for these deceptive practices. I was under the impression that my loans were federal because I had only ever used FAFSA. However, some advocates like Pierce worry that may not be feasible, given the track record the federal government has with processing debt relief. Not so long ago, legislators passed two laws The Tax Cuts and Job Act and The American Rescue Plan Act that made all student loan forgiveness even for disability tax free through December 31, 2025. Although Nelnet and FedLoan are both student loan servicers, they are two distinct entities. This is a game to get you to just give up and pay the loans that by right I should not have to pay, insured federal student loans under the disability guidelines. Only about 8 million of those borrowers will automatically have their debt canceled, according to the White House, because the Department of Education already has their income information. I always thought they were Dept. Nelnet will not even respond to my emails. My husband was misled into believing his loans were backed by the government and didnt find out otherwise until Covid! How to apply for disability student loan forgiveness? I was misled by Nelnet that my consolidated loans were through Department of Education and backed by federal government. Nelnet I have, and I am just shockced. I have $15,000 outstanding since 2014 and was told I had to get a loan to continue studies for my Bachelors. I was a teacher in a low-income area and teaching special education for 7 years when I start requesting an application for service/ teacher loan forgiveness program. Then delta mgmt tells me it came from ascendium, ascendium tells me it came from navient. I too have a student loan with Nelnet for over 70k and was informed I didnt qualify for the freeze because my loan was different. You must contact the On January 21st or so I did a consolidation with Nelnet and at the time i did the consolidation I requested the IDR repayment plan. After transferring my loans to Fed Loan my balances immediately started to go down. Totally aggravated with the whole concept. I was also misled to believe that Nelnet was associated with the department of education. Idk who these people are even and they cant give me specifics about my loan, ie original amount, what year, what college, etc, they just say it was from delta management. Yet, I am provided a federal tax file from Nelnet every year. As part of the current federal student loan payment pause that began in March 2020 with enactment of the federal CARES Act, the interest rate for direct consolidation loans is 0%. I didnt even know I had Nelnet until it was too late. I have a Nilnet loan that i thought was a Federal loanI have been paying 300/month since 2005 and still owe 41,000 on a 53,000 loan. I dont remember ever being given any choice about who I wanted to have service my loans. document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); Please note: Top Class Actions is not a settlement I can be added as well. Learn how to apply for student loan forgiveness. If not, I see an attorney here and start my own. I have issues with Nelnet. I WAS THEN TOLD MY LOANS DO NOT QUALIFY BECAUSE THEY ARE NOT FEDERAL LOANS. can discharge their student loan debt if a doctor certifies that their mental or physical impairment for example, posttraumatic stress disorder (PTSD) prevents them from engaging in substantial gainful employment. But I didnt know it would cost me an interest rate reduction for making 36 consecutive on time payments of over 3%. I would like to speak to an attorney. never knew that I was with nelnet and not a gov loan agency. If your child is permanently disabled, the Department of Education will not forgive theParent PLUS Loansyou borrowed on their behalf. Big question is why are these service agents either undereducated or directly told to give misinformation? I used retirement savings to get rid of these payments to Nelnet. I have never missed a payment, but I am not making any headway. You might use a different website to make payments because the government uses loan servicers companies like Nelnet to I can no longer practice law. Borrowers with federally-held FFELP loans remain eligible for up to $20,000 in loan forgiveness. I certainly need representation with Nelnet. All federal student loans are eligible for discharge due to disability, including: Federal Parent PLUS Loans discharged only if the parent becomes disabled. I have never made any payments on the loans due to financial hardship. However, some advocates like Pierce worry that may not be feasible, given the track record the federal government has with processing debt relief. Nelnet account starts with E. I recieved the same phone call amd would like to be part of the class action. Years later the interest keeps accruing. Started with Sallie Mae, sold to ACS, then Nelnet. I was scammed into transferring my Parent Plus Loan over to Nelnet through a company which whom I paid $1,200 in fees too who assured me that my loan would be placed into a forgiveness program after making extremely low monthly payments to Nelnet instead after my payment plan was over I was told by Nelnet that I didnt qualify for loan forgiveness based on my income which has also caused my payments to be $150 hiigher than my previous loan servicer payments. I have Nelnet servicing my loans. Meanwhile I seem to only be paying interest no matter how much money I give them!!! On Thursday, the Biden administration quietly excluded some borrowers of Perkins loans and Federal Family Education Loans (FFEL). My tax preparer said Nelnet is charging 3 times the interest than what it should be that I need to report them! My loan started with a D. I also have Nelnet student loans. I found out my loans were not federal when I inquired about the COVID-19 relief. I too was lead to believe that my loans were Federally held loans and like the poster above found out that they did not qualify for the CARES act. It was in May 2020 that I learned I should have been paying far more than what they were asking because I was accumulating more interest than what was being paid off. I just dont know who to turn to and as a champion of student borrowers, I ask you, Tammy Baldwin, to go after Nelnet. I was led to believe my student loan was federally backed. I wanted to send it to Bernie Sanders but was told to send it to my state senator: When the pandemic hit and the C.A.R.E.S. I never consolidated my loans. I was told way back when I started paying my loans that they were consolidated and found out they actually were not when I went to try to apply for the public service forgiveness and ended up in a huge run around. At a Sept. 26 briefing, White House press secretary Karine Jean-Pierre said there would be additional updates on the application process "very soon." If your income exceeds the Poverty Guideline amount for a family size of two for your state no matter your actual family size your balance can be reinstated. I want in. I would like to be added to the lawsuit. I have had loans with Nelnet for quite a while. I dont see anyway to ever pay back $80K, without support and transparency. After Nelnet took over my loan accounts, its been a total mess ever since. Federal student loan borrowers qualify for student loan forgiveness if they suffer from any mental or physical disability that is severe, permanent and prevents them from engaging in substantial gainful activity. Same. I live in Las Vegas. Student Loan Pause Extension 2023: What You Need to Know. I was also scammed by Nelnet.
I received this loan for Cosmetology school, I went to Cosmetology school for 6 months but I am still being charged the entire loan amount, not sure why when I didnt go the full 18 months. I want to join the lawsuit. If theres some way to take these fs down, I am in. Now they want all of my husbands info for a loan i started way before i was married. The IRS Form 1098-E is your annual student loan interest statement. Its been so long I dont even know anymore. I thought I was being smart by never taking a private loan. Thanks. I took a screenshot of my log-in page today and it says Official Servicer of Federal Student Aid. So why isnt it subject to the CARES act? I am so upset. *Any loan received under the William D. Ford Federal Direct Loan (Direct Loan) Program qualifies for PSLF. They will not remove it from my credit history. Some time ago, I was told by nelnet my loans do not qualify for the cares act interest rate freeze. InvestigateTV - Con artists are already trying to exploit those interested in the new student loan forgiveness program. WARNING This system may contain government information, which is restricted to authorized users ONLY. I made a huge payment to them and and still in a major hole. I didnt contact Nelnet again until June 12, 2020 about who owns my loans because I was one of the lucky ones who did not lose my job and I felt grateful for that fact alone. Yes I do have a nap net student loan through them. My federal loan was sold to nelnet just recently wtf ! How do you get through to Nelnet that he is TPD as we have contacted them multiple times with no resolution. The next agent told me someone would have to get back to me while they looked into it. Same here. I have Nelnet. This is deception at its finest. Please help. Ive been going through Nelnet. Its very confusing. ), SEE ALSO: Scammers take aim at student loan forgiveness. At this rate, I will die owing Dept. My student loan is being transferred from Great Lakes to NelNet,Im very concerned. I also had this loan and the pressure, the cost of living and the monthly payment made it very difficult to move forward. Use the StudentAid.gov, Income-Driven Repayment (IDR) Account Adjustment, Department of Education Accessibility Statement. Im so happy I looked this up. 20.2. Although Nelnet and FedLoan are both student loan servicers, they are two distinct entities. Add me I have Parent Plus loans from 2016. Nelnet took over my student loans from Great Lakes a few years ago without my knowledge and all its been was a hassle ever since. Definitely feel misled. Also thought I was on a federal plan that would be counted towards loan forgiveness! What does this mean for us? They have changed me almost 12k in interest. Please help! Anyway, if its possible for New Yorkers to get together and join this class act please sign me up. Now how hard could it possibly be for the very agents of Nelnet to find the correct information that they own these loans? Please help get stimulus released. Nelnet did not tell me the truth about my loan. Same here. I also would like to be in on this lawsuit. NOT. The statement I have from a credit report says that my original amount is $31.226 and as of the report I printed in October of 2021 I owed $312,787.00. If you submitted your PSLF form to the PSLF servicer MOHELA on time, be assured your PSLF form will be evaluated under the limited PSLF waiver rules. Its highway robbery. I cant get on there website to make a payment. Also tried to get in an idr plan and was misled into a payment that was twice what I pay now. Add my name to the class action! Its time for these companies to stop preying on students that need help paying for college. Please contact me I have Nelnet who used to be Salie mae. This field is for validation purposes and should be left unchanged. They say Dept of Ed/Nelnet on my credit report. I have Nelnet. Federal Loan Servicer Updates.. I was finally able to piece together what was going wrong with my student loans and start on my offensive with Nelnet. LA City Council approves phase-out of oil drilling, ban on new wells, Disneyland Resort announces ticket offer for SoCal residents, SoCal will see light drizzle, cool temperatures Saturday. This is ridiculous! My fiance is also having problems with nelnet in 2015 he contacted senator Tammy Baldwin office for help. I always thought that my Nelnet loans were consolidated as a federal consolidation. I do not live in Florida but would like to be recognized. Nelnet and those that hide behind it corporate logo are taking advantage of people. I understand that I should have researched harder and sooner. Why havent they shut down nelnet!! I too , have Nelnet . I was pretty bummed. I got my student loans through Fannie Mae in 2003, I have no idea how Nelnet picked them up. When I consolidated my loans years ago (I dont even remember doing it) I was ignorant and didnt know that the loan would not be subject to the same protects that are given to government backed loans. In cost estimates, the White House has said it could be as many as 75% of eligible people or as few as 50%. a federal, state, or local tribal government organization this includes the U.S. military; a nonprofit organization that is tax-exempt under Section 501(c)(3) of the Internal Revenue Code; or. I assumed the were federally backed also. Original loan being $7,000 with interest almost $20,000!! If you were trying to nail down your federal student loan servicer before payments resume, and youve found the information that you needed, then theres nothing else you have to do right now. I contacted Great Lakes and they told me that they do not own my loans, that they are privately held by another lender and only Nelnet can give me this information. Student loan payments are paused until after December 31, 2022; you are not required to make payments through that date. My loans magically doubled over a couple year period. I have nelnet and I called because of a payment due letter during the pandemic, then and only then did I find out my student loans were no longer considered federal. Its not fair that we dont have the same option of loan forgiveness as others, especially when we when were mislead. If monitoring reveals possible evidence of criminal activity, such evidence may be provided to law enforcement personnel. My payments continue and I wont be eligible for the federal loan forgiveness. On Aug. 24, President Biden They claim I called to make payment arrangements. Loans that began with the letter D, are which identified as being held by a bank or credit union. Im 73 and my loan was around 40000 I have paid that plus 60000i interest and still owe 40000. I learned otherwise today! How is it legal for any student loan servicer to own the very student loans it is servicing? I thought all Stafford loans are federal loans so how can I have Stafford loans that NelNet says are private? To my surprise, I was now extremely late in my payments and was being sent to collections.

I dont even no who is really in charge of anything anymore. Ahead, learn what disabilities qualify for student loan forgiveness and how to apply for a total and permanent disability discharge. Account D. Yes, I have a open student loan with Nelnet. I had to call them at least four times before they agreed to apply the payment to both loans in order to pay them both off with no more accrual of intertest (only after accruing over $2,000.00 in additional interest). Isner-Monticello says shes a licensed attorney living in Florida. Same here! Over 40,000. I too thought that my loans was Fed. Please add me to the class action suit I worked for the DoD USAF for 30 years and paid my loan for 20 years. I thought my parent loan was a federal loan. Proof of the disability can come from a doctor, the SSA, or VA. Ive had Nelnet for the last 10 years and they always told me they were on behalf of the US government and education department. Add me to the suit!! Any payments you made on the loans before you consolidated them dont count. They would not let me pay it back unless I could pay like $600+month. Student Aid. I consolidated my federal loans with Nelnet in 2003. I literally cant buy a home or anything because of them on my credit report reporting monthly. I am now retired and on SSI. It has cost me thousands and thousands in interest. If, you do a national class action add me to the case please. This agent wanted the exact web address I was at so they could see it. Nelnet is shady and this company preys on people simply aiming to improve lives through education. Yepthis has been a pretty big fraud. Please add me as wellThank you. I have tried to explain them what happen with my loan. Nelnet never let me know they were taking over my loans. Was constantly trying to put me in forbearance I did the income driven plan when I could and didnt have an issue with the paperwork for that the first two times I did it. June 30, 2022. It is confusing because on my credit report it states US dept of Education/Nelnet so I thought they were really on behalf of the government until I came across this article!! I have Nelnet loans. I was never given any document as to what my loan bal.was or accrued interest just a statement showing amount garnished. I have nelnet loan and was contacted during the CARES act because I was not paying because they stated they are under Federal Loans. I never receive any correspondence from them when I ask. Taxable income. On Thursday, the Biden administration quietly excluded some borrowers of Perkins loans and Federal Family Education Loans (FFEL). The department is recommending that everyone file an application, even those who might already qualify for automatic forgiveness. Add me please I am beyond furious at this point. I am a service connected veteran who recently began receiving ssdi. I would like to join and be updated about this situation. AG Ferguson: Judge Rules National Student Loan Servicer Navient Broke the Law in Servicing Student Loan Debt., Federal Student Aid. A company called American Student Assistance led me to believe that my payment each month was going toward the interest on my student loans. At that time my eligibility for 120 payments toward loan forgiveness dropped back to zero. I didnt recertify my income because I wanted to pay on my loans and I didnt exit the program because the service agent told me I could only enter the program once and once I was out I couldnt get help from it in the future.

  • Thanks for reading. a nonprofit organization that is not tax-exempt under Section 501(c)(3) of the Internal Revenue Code if it provides certain types of qualifying public services. I have no idea. Three weeks ago, when I saw that the payment was due, I spoke with one of their customer service reps, who claimed that they could put my loan in forbearance for another three months. Learn the advantages and disadvantages of student loan consolidation and why it's crucial to consolidate federal and private student loans separately. At that point, borrowers with federal student loans will need to begin making payments once again. Nelnet will send you a 1098-E for the interest you paid to us after the transfer. I noticed double loans on my credit report and started questioning it on my report. I am not in Florida I am in Michigan. How can Nebraska be included in this class action lawsuit? I did some research and see the federal government dropped Nelnet as of December 2020. Here is how to get student loans forgiven. Tons of money I could have used to pay on my mortgage. But this practice of ignorance by Nelnet agents, providing misinformation (deliberately or because of undertraining), and not being transparent with borrowers is so wrong. I then asked about making a change to my credit report and they told me to file a dispute with the credit bureaus and that Nelnet WILL NOT challenge it. Interest fees are accuring during COVID-19. Up until this moment I had been misled into believing my loans were backed by the Federal Government. I want in on the lawsuit. I too have been misled about the Dept. Mine are from late 90s and early 2000s. New deadline:The latest coronavirus pandemic forbearance moved thestudent loan recertificationdeadline to August of 2022. I would greatly appreciate any information that could be provided that I could gain access to or create my own class action lawsuit. I see that its nearing 400 comments, yet I see no updates from counsel over this case at all. What is going on with this lawsuit? Good Luck. Since President Biden is giving those who qualify a chance for educational loan forgiveness $10,000 to Not paying mine, would rather fight this fight. But are not. Please add me to class action. In 2001 I sold my account to Nelnet (their Servicers were not discussed). What??? I am incredibly grateful and even more so that I now work in the food packaging industry and did not suffer job loss. I consolidated my loans into 2 Loans wit Nelnet and Ive been paying them on time for years. I owe more on my loans now, than when I started. The plaintiff points to a specific voicemail left in April. Thats news to me!! Nelnet is destroying my life. Yes I was told that it was connected to the Federal loan program. They also claimed on my Credit Report they are a Federal Student Servicer for the United States. I would like to participate in the lawsuit. The pandemic showed differently. Give us update of whats going on with this supposed lawsuit! I never got a job in my field and i have small children so i havent been back to work in a few years. Nelnet contacted me and said that I have to set up an account with them to start paying my student loan off. I have been paying on these loans for more than 20 years. Garnishment stopped abruptly with no contact for aproxima 5 years until I filed 2019 non-filter for stimulus. I feel like I am paying a loan shark. To discharge your loans due to a physical or mental impairment, youll need to complete theTotal and Permanent Disability Discharge Application. Nelnet will not give me my discharge back. I am very much interested in being part of this class action suit due to misrepresentation bc when I contacted them to try and resolve the issue originally and after filing my Chapter 7 bankruptcy they talked circles around me telling me this and that. I have two accounts and one was under the Care Act. The department said they expect a four-to-six-week turnaround for forgiveness. These include white papers, government data, original reporting, and interviews with industry experts. I called 08/24 to request all payments back made during pause, nelnet account balance updated on 09/19/2022 and updated balance I have had student loans that were nelnet and supposedly federal government. What can we do. They never would put me on an income base payment plan, Nelnet would only offer forbearance. Is this why they also bought my consolidated loan from Sally Mae and separated them into 9 different loans, causing my credit score to drop 100 points? Why is that? A .gov website belongs to an official government organization in the United States. I was told I wouldnt because of pandemics. I also have been making payments for many years. I owe like 8500 but I still cant pay on my disability. Student loan forgiveness is a release from having to repay the borrowed sum, in full or in part. If you need to find out which of these companies is servicing your federal loans and what this actually means, read on to learn more. Similarly, some private lenders will forgive your childs loan balance if they are disabled. I have believed all this time my account was a Federal Loan. Secure .gov websites use HTTPS. How do I get onto this? From $40,000 to $33,000. It is far too complicated for me to understand, but I know conflict of interest when I see it. Same stories as the others. I need to trace back how did I end up at Nelnet. Over 20 years ago, my (now-ex) spouse and I consolidated our federal loans, and were also led to believe that loan was federally-held. You may qualify for forgiveness of the remaining balances due on your William D. Ford Federal Direct Loan Program loans after you have made 120 qualifying payments on those Theres over 300 comments here, yet theres been no update. Can I be part of this CAS? I cant afford any attorney to address this, and I dont know of any class action suits in my area I could use some advice. Join. Nothing gets taken out of the principal. How do I see if Im eligible for this lawsuit? If you have federal student loans, such as direct subsidized loans, direct unsubsidized loans, direct PLUS loans, or a direct consolidation loan, then one of the servicers we list above is in charge of sending you bills and tracking your payments. One of the main differences between the two is that FedLoan is the official servicer of the U.S. Department of Educations Federal Student Aid office. Im a single mom that has had these loans for 24 years and my amount owed has only been going up because of the high interest rate and income based payments not being enough.
    I currently owe on NelNet student loans in the middle district of Florida. The payment therefore is being paid by him which is making him responsible. Why would they misrepresent themselves like this. Please add me to this list. I am from Indiana & my original Student loans have been bought from other companies or changed company names 4 times. I do feel I was misled. Latest on student loans. Discover Student Loan Forgiveness: Is it Possible? I have loans with Nelnet and would like to be added to this lawsuit. I also have a large consolidated student loan that I was under the assumption was federal backed through Nelnet that I have been paying on for years and found out last year during Covid it was not. "(LOANS-22-06) Public Service Loan Forgiveness Program Transitioning from FedLoan Servicing to MOHELA. This is more the case given that the U.S. Department of Education announced it will change up loan servicers at some point in the future. Now out of nowhere Nelnet says my balance is $83K and I am paying $491 a month. Long story short: my request was granted and my loans were ungrouped from three groups into 8. I was misled by Nelnet.I was led to believe that my loans were backed by the federal government and It is not. Nancy Mayer says: August 26, 2022 at 8:39 am. I had my loan with Nelnet for 6 to 7 years. I would also like to be in the lawsuit list, I have been using Nelnet to pay my student loan and I cant log in for couple months and they stopped sending monthly statement(?) It has been sold numerous times to others. I was also told when I refinanced with them that I would be eligible for the Teacher Loan Forgiveness. I would like to know what I could do the see about forgiveness. Latest on student loans. Now all of a sudden they dont qualify! What You Need to Know About Student Loan Servicers, Student Loan Help: Free and Low-Cost Solutions to Out-of-Control Loans, What Is Student Loan Deferment? If you are employed in more than one qualifying part-time job at the same time, you will be considered full-time if you work a combined average of at least 30 hours per week with your employers. Student Loan Servicing: What Does This Mean? Outside experts are more skeptical of how smoothly the program will run. I knew something was off with this company after multiple times they told me all I qualified for was forbearance, still gaining interest but when I asked about consolidating the loans. Do I qualify for student loan forgiveness if my spouse is a 100% disabled veteran? I think Im getting shafted by Nelnet. How much would you have left in student loans after the potential loan forgiveness. Copyright 2022 ABC News Internet Ventures. I have made over 10K in payments but my loan amount went up by 14k. In Californiapls add my name if possible. Thats almost 25k extra and would have been more if not for the Cares Act. This is the letter I emailed to my state senator last June 2020. I have a nelnet student loan. Ive been with Nelnet for a long time now and also thought my loans were federally protected. Jan. 1 is when regular student loan payments will resume after a three-year moratorium first enacted under President Donald Trump during the onset of COVID-19. I had nelnet for years until my loan was sold again. My parents took both me and both my sisters loans through NelNet. I would very much like to be included in this. I have 5 years left on my mortgage which was double my loans and my student loans would still be another 15 years if I had not paid extra. I have nelnet as my student loan servicer but was led to believe they were under the department of education . Is that not correct? But I couldnt talk to agents at the same time as I was online. Unfortunately I have completely given up hope of ever repaying these loans. This is awful. Let us know in the comments below. Was initially told by Nelnet that my student loan was covered in The Cares Act & was eligible for forbearance but was then told (a couple of months later) that they were not covered in The Cares Act. However, it will forgive the loans you borrowed for yourself if you become severely disabled. Add me to the class action too. How was I to know that they were scamming me out of something I earned?! I am interested in learning more about becoming a class member. I have never missed a payment for 18 years very little has come off my principle. "When you see the huge numbers that the administration projects will benefit from this initiative, that all depends on people being able to take these steps and have that debt relief applied to their account in a way that actually works," said Mike Pierce, executive director of the Student Borrower Protection Center, an advocacy group. NelNet even has them listed on their website as being Stafford loans. Nelnet representatives went on to explain to the plaintiff why these loans do not fall under CARES Act provisions. Please add me to the Nelnet Class Action Lawsuit list, I thought they were federally backed. I feel used. I have a Nelnet Acct. I was assured they were reviewing my request for relief of debt since all medical doctors agreed I would never work again due to my condition. I too am a victim of Nelnets deceit. I believe my account starts with D but Im from Alabama but would like to be included if possible. I dont mind paying what I owe, but the amt that I am asked to pay each month is above what I can afford. When I did this, I discovered all my money going towards future payments. I too have a student loan with Nelnet. Thank you! If they could be moved to my daughter, they would be an amount that could be paid but for being the single parent and signing when the college said she could not, Im trapped now. I have for Private non profit agencies providing educational services to low income families. Interest accrued during pandemic when it wasnt suppose to would like in on thecsuit. I have 65 thousand dollars in student loans that I was not able to make one dime on. 2020, through the end of the COVID-19 emergency relief period. If you are unsure who services your loan, or if the servicer changed during the pandemic, visit your student aid account dashboard and scroll to "my loan servicers" or call 1-800-433-3243. I have nelnet and I never heard of them I was misled.

    I need help ! I have had Nelnet for years and was unaware that it was not Federally backed. They Had my loans deferred re COVID but now they are not. They informed me that it takes a year to verify my illness(I sent all Ssdi medical records second time). Yep my loans start with D and J same owned by bank, credit, etc. but it also said Nelnet owns them and the Department of Education. American students collectively owe $1.76 trillion in college loan debt, GMA Digital reports. I was confused and felt like I had no real options. I was misled too. Also promised jobs that never works kept and lied about it to keep me going. Forgiveness update: $10,000 student loan forgiveness may happen later this year. I too have a school loan with Nelnet and I was told that Netnet was a company hired to handle Federal Student Loans on behalf of the Department of Education. I was under the impression my loans were backed by the federal government. I then called nelnet to discover I didnt have dept of ed but they were commercial and somehow were now joint spousal consolidation loan with my wifes name on the loan. Please add me as I thought this loan was apart of federal government. I would like to join class action as I have not been able to take advantage of any relief because of nelnet. I have a Nelnet loan that enforces itself as a federally financed servicer and will never come off my credit report. I tried talking to them and told them to never mind and put it back where it was, but they said they could not do that. The Nelnet class action lawsuit contends that this kind of messaging left Nelnet student loan borrowers to believe their loans were federally held. Im 5 years from retirement and over $97,000 in debt with these loans. The agent told me my loans were owned by Ascendia GLHEC. 2022. There never a difference in the balance but a increase in interest. They advertise themselves as federal student loans on their website. Their story on how to do this changes monthly! In 2014, private student lender Sallie Mae split into two entities, with its student loan servicing offshoot becoming Navient. To loses all those years of services is horrible. This is exactly what I have been going through with my Nelnet loans. Explore options for student loan forgiveness when you work for certain public service employers. The Department of Education accepts proof of your disability from a doctor, the Social Security Administration, or the Department of Veterans Affairs. Act to pay down debt on my student loans by directing all payments to individual loans rather than spread it across all 8 loans without interest penalty. I was not informed of this consequence. Plus, taking stock of your balance and new loan payment can let you know if you need to make any changes or if youre perfectly fine picking up with your loans where you left off. Ive been paying on my loans every month for 15 years now, and I still owe $10,000 more than the original loan amount! I have loans subsidized and unsubsidized loans with them. I would very much love to be added to this lawsuit. I could only defer payment while accruing interest. Who Qualifies and How to Get It, How Inflation Affects Student Loan Borrowers. Its outrageous! No degree and nothing to show for it except a debt for something I never received!!!! COVID-19 Emergency Relief and Federal Student Aid., Department of Education. Please reach out to me via email b/c what is being claimed in this lawsuit is exactly what Nelnet has done to me as well. Limited PSLF Waiver: What Happens After the End of the Waiver October 31, 2022. I purposely consolidated the federal loans and private loans separately to maintain the federal backing after I graduated. I never got a job in the field I went to the college for which was a junior college and is now defunct. I thought that they were Department of Education. Now, all of a sudden this link pops up under benefits that says Denver! I am extremely concerned since I did make the minimum payments required to apply for their assistance with these loans. Nelnet services a large percentage of law school loans, and there are a ton of lawyers in the NYC metro region. I am gobsmacked to find out all of this about Nelnet. Id like to be included in this class action. Is it too late to be included ? They were Federal Direct loans. Then Nelnet sent me a letter telling me that they have my loans now. When did this change with Nelnet? Im now supporting US Armed Forces daily. Yes, I have two Nelnet loans and I have been misled. That is my burden to pay for. I had my loan set up for automatic withdrawal for years, called to inquire about the public service loan forgiveness after working in a Title 1 school for ten years and was informed I didnt qualify because they had set my payment up to be 17 days late*(not actually late and no fees attached but according to their fine print it couldnt be more that 15 days late) I didnt pick the date, they did. Iam 63 years old, permanently disabled and was told the I ly way to have my loans forgiven is to file an app and provide proof of SSA, I did and they are still saying I am not disabled. Its ridiculous!! I have had a similar experience! I had to call and physically ask for a forbearance and until today I didnt know that they werent part of the federal government. Now, I am told my loans are private! Please add me my loans were consolidated to Nelnet with me believing it was better because it was backed by the Federal government. It is an automatic referral according P. Bidens direction. The system is completely broken. I did more research on the website and found no evidence that I couldnt do this because of the payment plan I was in. This company is straight from hell. The interest they charge us can never be repaid. Just telling me that I am stuck paying an extra 11-12,000 of interest on top of my loan amount. The best example is when I put my loans into deferment the very first time many years ago. Do you have Nelnet Student Loans? If your doctor believes that it causes significant impairment, you can still apply for cancellation due to ADHD. Required fields are marked *. private student loan forgiveness programs, Total and Permanent Disability Discharge Application form, Student Loan Forgiveness During Coronavirus, Total and Permanent Disability Discharge Application, How to Apply for Student Loan Forgiveness. As in today.