Government figuratively speaking are going to be confusing, because business you to definitely services your loan was developed by the government. Your elizabeth on your own files and you will questioned if it is legitimate. Or if you is generally good Nelnet buyers although you’ve never been aware of they. Discover more about exactly how Nelnet work and ways to learn if for example the organization services your funds.
What exactly is Nelnet?
Nelnet is principally a student loan servicer. In this ability, Nelnet education loan maintenance really works personally having borrowers to handle and you may pay off its funds. While you are these loans is owned by the government, Nelnet agreements towards U.S. Agencies of Degree to handle federal student loans inside the repayment.
Nelnet Education loan Maintenance is the student loan sleeve away from Nelnet Varied Choice. The organization in reality operates four separate business locations that provide other characteristics for example fee processing and resource government in order to communities and you can anyone. Nelnet depends when you look at the Lincoln, Nebraska.
How does Nelnet Performs?
Individuals having federal college loans don’t get to determine and that servicers would its accounts. Alternatively, after paying the money out over you, new U.S. Agency of Degree assigns brand new funds to just one of your own 10 servicers in which they agreements.
In the event the Nelnet try contacting your about college loans, it is probably your servicer. However, view and you can be sure your own student loan servicer into Government Student Support web site to gain satisfaction that these interaction away from Nelnet is actually legitimate.
If the Nelnet is your student loan servicer, it’s guilty of month-to-month billing for the student education loans, and handling and you will applying your repayments on the financing.
Read moreNelnet is one of the prominent government student loan servicers in the the U
