NELNET, INC.


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"Products" offered by NELNET, INC. with at least one, but usually more complaints:

Checking or savings account - Checking account
Consumer Loan - Installment loan
Credit card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose credit card or charge card
Credit reporting -
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting or other personal consumer reports - Other personal consumer report
Credit reporting, credit repair services, or other personal consumer reports - Credit repair services
Credit reporting, credit repair services, or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Credit card debt
Debt collection - Federal student loan
Debt collection - Federal student loan debt
Debt collection - I do not know
Debt collection - Medical debt
Debt collection - Non-federal student loan
Debt collection - Other (i.e. phone, health club, etc.)
Debt collection - Other debt
Debt collection - Payday loan debt
Debt collection - Private student loan debt
Debt or credit management - Debt settlement
Money transfer, virtual currency, or money service - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Money transfer, virtual currency, or money service - Mobile or digital wallet
Money transfer, virtual currency, or money service - Refund anticipation check
Money transfer, virtual currency, or money service - Virtual currency
Mortgage - Conventional home mortgage
Mortgage - Home equity loan or line of credit (HELOC)
Mortgage - Other mortgage
Other financial service - Debt settlement
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Payday loan
Payday loan, title loan, or personal loan - Personal line of credit
Payday loan, title loan, personal loan, or advance loan - Installment loan
Payday loan, title loan, personal loan, or advance loan - Personal line of credit
Student loan - Federal student loan servicing
Student loan - Non-federal student loan
Student loan - Private student loan
Vehicle loan or lease - Loan

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Complaint ID: 7483510

Date Received: 2023-08-31

Issue: Dealing with your lender or servicer

Subissue: Need information about your loan balance or loan terms

Consumer Complaint: Interest begins tomorrow and I have called Nelnet ( my loan provider ) every day this week. I have spent hours on hold until I had to hang up. I do not know how much my monthly plans will be and I am confused if there is a deadline to apply for the XXXX program.

Company Response:

State: AZ

Zip: 85142

Submitted Via: Web

Date Sent: 2023-08-31

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7478291

Date Received: 2023-08-30

Issue: Dealing with your lender or servicer

Subissue: Problem with customer service

Consumer Complaint: Recently my student loans were bought by Nelnet from Great Lakes. They told me interest starts again in XXXX. However, I am a student and am trying to get payments deferred. I tried to make an account but the website says unable to make an online account. I tried resetting my username and password ( in case the account transferred over ) and it says it sent me an email but won't tell me what email it was sent to so I never received anything. I attempted to call the customer service line within the stated hours on the website, and it keeps telling me there is a 30-minute wait, followed by its 'out of hours ' then forces an end call. I have called them at least 5 times between XX/XX/XXXX and XXXX. This is either a predatory action to make more money due to interest by making the process for customers overly complicated and confusing. Or this is straight-up negligence and this company should not be in the finance field.

Company Response:

State: AR

Zip: XXXXX

Submitted Via: Web

Date Sent: 2023-08-30

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7477740

Date Received: 2023-08-31

Issue: Dealing with your lender or servicer

Subissue: Need information about your loan balance or loan terms

Consumer Complaint: XX/XX/XXXX - My Auto-pay is set up. The Amount is " Locked '' to be the Standard payback ( 10 years Amortization ) Their explanation of the payback amount mentions details on payback, one of which is " make an Extra Payment '' - outside of this simple mention of that option there is no where on the web-site to find this adjustment nor how to make this adjustment. I want to send an email asking but they post that they are super backed up so do not expect a timely reply. I want to call- well, I live overseas so this is difficult though I will try. The point is that I should NOT have to call for this information.

Company Response:

State:

Zip: XXXXX

Submitted Via: Web

Date Sent: 2023-08-31

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7475433

Date Received: 2023-08-30

Issue: Attempts to collect debt not owed

Subissue: Debt was paid

Consumer Complaint: I already submitted my original complaint, Nelnet actually sent me my copy b 1099 C which means my student loan debt has been paid. They claimed I falsified documents but this document Im attaching clearly says its from Nelnet Inc and they accepted my tender of payment.

Company Response:

State: VA

Zip: 23059

Submitted Via: Web

Date Sent: 2023-08-30

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7474306

Date Received: 2023-08-30

Issue: Attempts to collect debt not owed

Subissue: Debt was already discharged in bankruptcy and is no longer owed

Consumer Complaint: XXXX I was given the attached response from Nelnet , Inc. that stated my student loan account was not discharged and that the digital 1099-C form I submitted to them was fraudulent. However, in the afternoon of XX/XX/, I received an official Copy B of the 1099-C form from Nelnet, Inc. 's business address stating that my student loan account had been officially discharged. Please see the attachments of the envelope and 1099-C form that was sent from Nelnet , Inc .

Company Response:

State: GA

Zip: 30318

Submitted Via: Web

Date Sent: 2023-08-30

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7473138

Date Received: 2023-08-28

Issue: Dealing with your lender or servicer

Subissue: Received bad information about your loan

Consumer Complaint: attempted to opt out of administrative forbearance unable to reach Nelnet by phone. website using dark pattering to obscure instruction to complete opt out I am without support I am enraged.

Company Response:

State: WA

Zip: 982XX

Submitted Via: Web

Date Sent: 2023-08-28

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7473004

Date Received: 2023-08-26

Issue: Dealing with your lender or servicer

Subissue: Received bad information about your loan

Consumer Complaint: My Direct Consolidation Loan was completed ( originated ) on XX/XX/XXXX with a current balance of {$15000.00} with Nelnet. Department of Education XXXX XXXX XXXX XXXX, OR XXXX Outstanding Loan Balance Interest/Rate 1. DLSS Repayment {$2600.00} 4.66 % 2. DLSU Repayment {$4100.00} 4.66 % 3. DLCS Repayment {$3400.00} 5.50 % 4. DLCS Repayment {$4900.00} 5.50 % 5. DLSS Repayment {$440.00} 4.66 % XX/XX/XXXX I made a payment for {$3000.00} XX/XX/XXXX I made a payment for {$11000.00} XX/XX/XXXX I made a payment for {$640.00} XX/XX/XXXX I made a payment for {$110.00} XX/XX/XXXX I made a payment for {$440.00} XX/XX/XXXX I made a payment for {$200.00} XX/XX/XXXX I made a payment for {$740.00} Totaling {$16000.00} these payments I made covers the total outstanding loan amount. Also there was a school closure and I was approved for a refund of all payments made. On my credit report the balance is showing {$13000.00}. Previously it was set at over {$6000.00} this is not correct.

Company Response:

State: CA

Zip: 903XX

Submitted Via: Web

Date Sent: 2023-08-26

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7471553

Date Received: 2023-08-29

Issue: Struggling to repay your loan

Subissue: Problem with your payment plan

Consumer Complaint: I had emailed NelNet on their website before XX/XX/2023 to request a refund on my student loans during the pandemic. I didnt receive an email back or phone call. So I called today was on hold for 2 hours and 17mins just for them to tell me that the request for the refund ended XX/XX/2023. I mentioned that I had initially requested that on email before the deadline and they were not able to help me. The reason why I emailed because of the fact I had to wait on the phone that long and I cant do that during work hours. My email that I sent should count for them to initiate a refund.

Company Response:

State: CA

Zip: 93307

Submitted Via: Web

Date Sent: 2023-08-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7469219

Date Received: 2023-08-27

Issue: Problem with a company's investigation into an existing problem

Subissue: Their investigation did not fix an error on your report

Consumer Complaint: I was a victim of a fraud company that stole a large sum of money from me that led to my filing a XXXX XXXX bankruptcy in XX/XX/XXXX which was completed in XX/XX/XXXX. My XXXX XXXX loan was not included in this bankruptcy as I was able to work in my chosen career and currently am which makes student loans ineligible for any bankruptcy inclusion. In XXXX, the loan servicer was informed of the completed bankruptcy at which point they cancelled my auto debit and switched me to manual monthly payments and stated I had to submit the completion paperwork for the XXXX XXXX bankruptcy which I did. It was then reported on my credit report that this loan was included in the bankruptcy and was discharged and had no balance left. This is not accurate as I carried a balance and due amount the entire time that I paid every month. I disputed several times with no change as the loan servicer would claim this was " correct '' This caused my credit score to continuously yo-yo XXXX points constantly. This month the loan servicer has now stated to the credit bureau 's that my student loan is part of a XXXX XXXX bankruptcy and one bureau even shows it was delinquent in XXXX when the actual XXXX XXXX bankruptcy was filed. This is patently false. I have never missed a payment and was actually paying ahead and over the amount due at every payment. I also never filed a XXXX XXXX bankruptcy and it is literally illegal to file multiple bankruptcies in a row so is not possible to complete. They also placed my account in " admin forbearance '' without my permission which removes my monthly payment but continues to accrue interest on the loan. I again disputed these reports on my credit report with the loan servicer once again stating they were " correct '' and " true '' despite this not being the case. In one of my many conversations with the loan servicer I was told that they had asked the loan holder if they wanted to include my loan in the bankruptcy that was completed. I never asked them to do this. They did this without my permission or knowledge. I was also told that there is no time line for the loan holder to answer or respond to this question so at this point I could never receive an answer and this can continue indefinitely. I was told this was asked of the loan holder in XX/XX/XXXX and as of XX/XX/XXXX there was still no answer. I can not understand why this company would think they should ask permission to the loan holder to include a student loan in a bankruptcy that it clearly does not qualify for, with no time frame requirements for a response, while continuing to report inaccurate and incorrect information to the credit monitoring bureaus that negatively impact the actual person paying the student loan back, all without talking to or seeking permission of said person. At this point, I can only assume this is either gross negligence or intentional dishonesty with the continued wrong reports to the credit bureaus and refusal to correct the information.

Company Response:

State: MA

Zip: 02780

Submitted Via: Web

Date Sent: 2023-08-27

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7469188

Date Received: 2023-08-26

Issue: Dealing with your lender or servicer

Subissue: Problem with customer service

Consumer Complaint: On XX/XX/2023, I called Nelnet to request my student loan that I paid during Covid to be repaid back to me. Nelnet said they put in a request for my refund. On XX/XX/2023, I called back and was told no request had been submitted on my request, so Nelnet would submitted the first request for me. Now XX/XX/2023, almost 2 months after my request, no refund has been issued to me. I contacted Nelnet and was given a run around saying " we are working on it " Filed my first complaint with Consumer Financial Bureau Protection. The company responded " contact customer directly ''. However, their response letter was very vague, repeated the same thing " we are still working on it ''.

Company Response:

State: CA

Zip: 91101

Submitted Via: Web

Date Sent: 2023-08-26

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.