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More than 7,100 student loan borrowers will receive $3.5 million in refund checks after a consumer protection agency said they were scammed by a student debt relief company in renegotiating ...
Some checks are starting to be sent to certain student loan borrowers even though, as result of a court order, the Biden administration is temporarily blocked from processing debt discharges. SNAP...
Nelnet, Inc., is a United States–based conglomerate that primary focused on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and owns Allo Fiber, a cable and internet provider.
Nelnet. The transfer was completed in 2023. ... Additionally, they can contact the Federal Student Aid Information Center at 800-433-3243 or check their credit reports to find out who their new ...
In October 2017, Great Lakes Higher Education Corporation reached an agreement to sell off 100% of the stock of its subsidiary, the Great Lakes Educational Loan Services, Inc. to Nelnet. [8] The company was to be sold for $150 million, initially keeping CEO Jeff Crosby in charge, but with a plan of consolidating the companies together. [9]
Scammers may overpay by check, asking victims to refund the difference, only for the check to later bounce, leaving victims liable. Other scams involve fake listings where scammers posing as landlords request deposits before viewings, or charge high fees for background checks, mirroring tactics in check overpayment scams. Rental scams often ...
Student Loan Refund Checks. While most federal student loan borrowers wait for the various legal cases to play out, some borrowers are already getting refunds. Checks are being sent to certain ...
A United States Department of Education audit revealed that since 1993, Nelnet has abused a loophole in federal tax legislation that allowed the company to receive a higher interest rate on specified loans, generating $278 million from taxpayers and possibly an excess $1.2 billion in profits. [2] [1] Nelnet has disputed the findings of the audit.