Federal figuratively speaking can be complicated, as providers you to definitely services your loan is actually contracted because of the government. You age on your own documents and wondered if it is genuine. Or if you may be good Nelnet consumer regardless if you’ve never observed they. Learn more about exactly how Nelnet work and the ways to learn if the team features the funds.
What exactly is Nelnet?
Nelnet is primarily a student-based loan servicer. In this strength, Nelnet student loan upkeep functions really that have borrowers to cope with and pay-off its fund. If you are these finance are belonging to government entities, Nelnet agreements on U.S. Department regarding Training to deal with federal college loans for the repayment.
Nelnet Student loan Upkeep ‘s the education loan sleeve of Nelnet Diversified Alternatives. The company in fact operates five independent providers locations offering almost every other properties like payment operating and you may advantage management so you’re able to communities and you can anybody. Nelnet depends inside Lincoln, Nebraska.
Why does Nelnet Work?
Consumers having government student education loans aren’t getting to determine and that servicers would the account. Instead, after paying the funds over to your, new You https://perfectloans24.com/title-loans-ia/.S. Department from Training assigns the fresh new money to just one of the ten servicers in which they contracts.
In the event the Nelnet are contacting your throughout the figuratively speaking, it is probably your servicer. In spite of this, evaluate and you will guarantee the student loan servicer toward Federal Pupil Services web site to acquire reassurance that these telecommunications from Nelnet was legitimate. Continue reading Nelnet is one of the premier government student loan servicers in the newest U