NelNet
Coverage of NelNet in the Nexus archive.
- Student-loan borrowers are getting their first batch of notices to switch repayment plans
Student-loan borrowers in the SAVE repayment plan began receiving notices on July 1 to switch to new repayment plans within 90 days. Servicers like EdFinancial and Nelnet are notifying borrowers in waves, with some having until May 2027 to transition. The SAVE plan was eliminated via a court settlement, and borrowers are being directed to the Repayment Assistance Plan (RAP) or standard repayment options.
- (US) Strange Scam With the Department of Education
A user reported a scam involving the U.S. Department of Education, where a caller impersonating a DOE representative obtained personal information. The scammer used a phone number similar to the official one listed on the www.studentaid.gov website. The user discovered the fraud after identifying the scammer's company as unaccredited and unaffiliated with the DOE.