“This is another major step toward our commitment to improving customer service and holding our contractors accountable for their performance,” DeVos said. If Nelnet is your assigned loan servicer, you can contact the company about the following topics: Total and Permanent Disability Discharge – Nelnet is the loan servicer in charge of administering the Total and Permanent Disability Discharge Program. But you can consolidate your Nelnet-serviced federal loans via a Direct Consolidation Loan with the federal government. If you are unsure if your Nelnet loans are federal loans, you can always visit the National Student Loan Database.There you will find the federal government’s database that shows who services your federal loans. Nelnet is a Nebraska-based student loan servicing company. All federal student loans funded after June 2010 are funded through the Federal Direct Loan Program (FDLP), which are owned by the Department of Education. While the debt can be crippling if not managed well, one service company, Nelnet, offers students the ability to get a handle on their budgets and provides them with the tools needed to succeed. These servicing contracts expire on December 14, 2020 with two optional six-month extensions through December 14, 2021. Keep reading to discover the pathway to acquiring federal aid, and what that looks like with Nelnet as your servicer. Nelnet Student Loans Service is one of nine federal student loan servicers that manage loans and borrower payments. The move will make Nebraska-based Nelnet the largest servicer of federal student loans, and represents a significant consolidation in the student loan servicing sector. Nelnet Is a Servicer to Federal Student Aid. If Nelnet or Great Lakes service your federal student loans, you may get a new student loan servicer. Related articles There’s around $140 billion of unavailable bitcoin right now Loans and credit card holidays to be […] What’s the best way to pay off student loans faster? Here is what you have to know. When you take out federal student loans, the U.S. Department of Education is your lender. You don't get to pick your servicer. Zack holds degrees from Harvard, Wharton, Columbia, and Johns Hopkins. Nelnet Student Loans: Nelnet a Federal Student Loan is a legit federal student loan servicer that contracts with the U.S. Department of Education to assist the students financially to pursue their education dreams. This occurs when your loan is disbursed to your college for the first time. By using Investopedia, you accept our, Investopedia requires writers to use primary sources to support their work. You do, however, have a choice in private student loan providers or who you refinance your loans with. We collected over 45 data points across more than 15 lenders—including interest rates, fees, loan amounts, and repayment terms—to ensure that our content helps users make the right borrowing decision for their education needs. After you graduated, the U.S. Department of Education passed your loan off to a loan servicing company to … While the debt can be crippling if not managed well, one service company, Nelnet, offers students the ability to get a handle on their budgets and provides them with the tools needed to succeed. You will also have the flexibility that comes with any federal loan repayment plan and the limits that apply to federal loans will apply to your Nelnet loans. The company is based in Lincoln, NE and provides a wide range of educational services to students from grades K-12 through college. If Nelnet services your loan, you should receive all communications and payment information from the company once your loan is established. Nelnet Student Loan Forgiveness. Based in Lincoln, Nebraska, with offices around the globe, we’re 6,500+ associates working together to serve our communities and make our customers’ dreams possible. Nelnet is a federal student loan servicer. If Nelnet is your student loan servicer, here’s what it can help you do. You have a network of support to help you succeed with your federal student loan repayment. The Department of Education (DOE) uses several companies to help borrowers manage their student loans. If you want to change how payments are applied, you must contact Nelnet and make special payment instructions. Student loans can be one of the biggest fears in our nation. Nelnet Student Loans has a partnership with the Department of Education that allows them to act as a servicer of federal student loans … You are, of course, not limited to seeking loans or other products from NelnetBank.com, and are free to obtain information and loans from all other providers of student loans and related … Nelnet and Great Lakes Have Been Servicing Loans Since 2009. Fitch Ratings - New York - 20 Jan 2021: Fitch Ratings has affirmed the ratings assigned to outstanding notes of Nelnet Student Loan Trust 2020-2. Loans eligible for a TPD Discharge include Federal Direct Loans, FFEL Loans, Perkins Loans, and TEACH grants. If Nelnet is your assigned loan servicer, you can contact the company about the following topics: You can make payments in the following ways: To start making payments online, follow these three simple steps: To sign up for an account, click on “Register” on the home screen. In 2018, Nelnet bought Great Lakes Educational Loan Services, another federal student loan servicer. But the studentaid.gov website shows the loans so I assume that means they are in fact federal. Through Nelnet, you can manage payments of a variety of loans, and they are the only servicer who handles Total and Permanent Disability Discharges. Nelnet Student Loans Payment. Nelnet is a student loan servicing company contracted by the Department of Education to service direct and Federal Family Education Loans. If you are unsure if your Nelnet loans are federal loans, you can always visit the National Student Loan Database.There you will find the federal government’s database that shows who services your federal loans. Nelnet, along with the U.S. Department of Education (ED) office of Federal Student Aid, is monitoring relief measures for federal student loans pertaining to the COVID-19 pandemic national emergency. 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