His Signature! Because I also applied for Loan forgiveness and now my account is going to a private Servicer instead of staying under the Federal Government.. I was confused and felt like I had no real options. Nelnet and those that hide behind it corporate logo are taking advantage of people. Please add me to the class action lawsuit with Nelnet. I would also like to be involved in the lawsuit. Were open When I try to call I cant get a rep. I had to stop attending and Im still unable to repay even before this crisis. Act passed, I went to Nelnet.com to see if I qualified because all of my loans are subsidized or unsubsidized federal stafford student loans. Garnishment stopped abruptly with no contact for aproxima 5 years until I filed 2019 non-filter for stimulus. Counsel for the plaintiffs in this case are from Owen & Dunivan PLLC. Case assignment: Random assignment. I am a single mother of 2 children. Reviews and never will. Nelnet is destroying lives around here, with their lies and deceiving. They also without my knowledge or permission merged a few of my loans, as I have never consolidated. I want to take action. I have never missed a payment, but I am not making any headway. I consolidated my federal loans unsubsidized and subsidized with Nelnet in 2006. Add me to the class action pronto. For instance, Wells Fargo exited the student loan business in 2021, and all existing loans were transferred to Firstmark Services. I WAS UNDER THE IMPRESSION FOR MANY YEARS THAT THESE WERE FEDERAL STUDENT LOANS. Im a single mom that has had these loans for 24 years and my amount owed has only been going up because of the high interest rate and income based payments not being enough. Getting out of private student loans can be painful, but with some thought and some patience and persistence along with some strategic planning, it is a task that can be accomplished. Talk with an expert for online application help or CARES Act questions. I would very much like to be included in this. I thought it was a us owned loan but they are not telling me the history of my loan. I was told if I did that, I couldnt qualify for any forgiveness for a minimum of 10 years. I also tried to log onto the website and it rejected my info. Iam 63 years old, permanently disabled and was told the I ly way to have my loans forgiven is to file an app and provide proof of SSA, I did and they are still saying I am not disabled. Im with Nelnet and have a D on my account. My current monthly payment is too expensive and I . It isnt right to force them to choke up information that should be readily available to their agents. I contacted Great Lakes and they told me that they do not own my loans, that they are privately held by another lender and only Nelnet can give me this information. They stopped sending me paper copies of my monthly bill. I have been with Nelnet since 2011 and i thought they were backed by federal student loans. I received no paperwork regarding the consolidation. This program forgives up to $17,500 of student loan principal and interest for those who teach full time for five consecutive, complete academic years. The lead plaintiff in the case, Kimberly Isner-Monticello, filed the class action lawsuit after learning the CARES Acts deferment of payments would not apply to her Nelnet student loans. All Rights Reserved (Nelnet Servicing, LLC NMLS ID# 1508613. Case Details Parties Documents Dockets . I was scammed into transferring my Parent Plus Loan over to Nelnet through a company which whom I paid $1,200 in fees too who assured me that my loan would be placed into a forgiveness program after making extremely low monthly payments to Nelnet instead after my payment plan was over I was told by Nelnet that I didnt qualify for loan forgiveness based on my income which has also caused my payments to be $150 hiigher than my previous loan servicer payments. Is there a way for those of us that have loans through them to be added to the case, because it looks like they lied to all of us. that was calling me. The parties can also express their consent to jurisdiction by a magistrate judge in any joint filing, including the Joint Initial Status Report or proposed Case Management Order. I have been told so many different things from this company, including that I had taken out new student loans and thus did not qualify. 4.54%. I too am just finding out that this loan from Nelnet was NOT a US Dept of Education loan. for 15 + years Nelnet bought my Everest college loan cant get rid of them. I never got a job in the field I went to the college for which was a junior college and is now defunct. I also have a large consolidated student loan that I was under the assumption was federal backed through Nelnet that I have been paying on for years and found out last year during Covid it was not. Of those, 116or about 5%were about Wells Fargo. When I tried to get a reduction in payments because I was at the time only working part time for health issues they told me because I was married I HAD TO USE my husbands income because we live together Now its just in forbearance collecting all kinds of interest. They informed me that it takes a year to verify my illness(I sent all Ssdi medical records second time). had no idea this was not a federally held student loan until Covid. The startup today announced that it raised $18.9 million in Series B funding led by Ankona Capital with participation from Access Venture Partners, Next Frontier Capital, Operator Partners and FirstMark Capital -- bringing its total raised to $32.4 million. They have misrepresented themselves to me as well. Citizens Bank customers interested in the three-month forbearance period should contact Firstmark Services, a private student loan servicer, at 1-866-259-3767. I have wondered why I have not been getting a bill from them. For information on deleting the cookies, please consult your browsers help function. I was put on hold and then transferred. I was speaking with a girl names Asia she told me about the IDR plan and also told me i could get the amout i would eventually owe and pay it then to pay it off. I have been mislead also because I thought I still had a federal education loan. If someone out there can help look into this I would greatly appreciate it. Firstmark Services has complaints from borrowers who have difficulty getting their accounts closed. I have never made any payments on the loans due to financial hardship. I have a Nelnet Loan, and have told them I could not afford their monthly payment. I was put in forbearance twice without asking. No option to refinancing, or consolidating, that I am aware of. I would like to be included in this lawsuit! I called them and they said that they couldnt see anything wrong. Id like more information on their operations as well. If a consumer disputes a tradeline to the So Who dropped the ball, and why was no attempt made to collect for almost 5 years? As of today they are in the D category, and not eligible for the CARES forbearance, however they are all Stafford loans when they were originated. NOT. I would like to join and be updated about this situation. I didnt recertify my income because I wanted to pay on my loans and I didnt exit the program because the service agent told me I could only enter the program once and once I was out I couldnt get help from it in the future. We have faithfully paid on this loan for well over 10 years. I am in Alabama. I made a mistake in my choice of degree because it is useless in my home region which I wish to remain and live. This is Mrs. Earvient Clark and I too have consolidated my Federal Loans and Fed Loan had them until March 2020. After transferring my loans to Fed Loan my balances immediately started to go down. Why? One day they had purchased my loan from the Department of Education without my consent. I am 62, still working although not in good physical health and still owe over $20,000 on school loans. How are they able to do this? Case assignment: Random assignment. ), it was consolidated and serviced by Great Lakes then I received a letter saying my loan turned over to Nelnet a few years ago. I went from a student loan forgiveness program which then automatically enrolled me in nelnet after I cleared up my defaulted loans and they took my tax refund. The plaintiff claims defendants left her to believe the Nelnet student loans were federally held. Yet, I am provided a federal tax file from Nelnet every year. Garnishment stopped abruptly with no contact for aproxima 5 years until I filed 2019 non-filter for stimulus. I totally agree. Then the Dept of education told me I still cannot get the loans forgiven because I must start over with making so many payments before I can receive the loan forgiveness. I really feel like I have been duped. Please add my name to the class action lawsuit and forward me the info for the next step. I used retirement savings to get rid of these payments to Nelnet. Defendant Nelnet's reply is due by 12/13/2022. She allegedly financed her tuition through Nelnet, eventually earning her Juris Doctor degree from the Stetson University College of Law. The recent announcement regarding student loan forgiveness is only applicable for Federal student loans. Camp Lejeune residents now have the opportunity to claim compensation for harm suffered from contaminated water. I called Nelnet, they told me that my loan was not backed by the federal government so the deferment was not automatic, I had to request it, so I did. When I did this, I discovered all my money going towards future payments. I had to call and physically ask for a forbearance and until today I didnt know that they werent part of the federal government. This consent form is eligible for filing only if executed by all parties. I would have made other financial decisions in my life in order to keep that benefit had it been told to me by the service agent who processed my deferment. Click Change Settings if you want to tailor the use of your cookies. I still have not received credit for all of the payments I have made since the dates started to count per the TEPSLF in 2007. The only way out of these payments is to die. Myself included. The bank announced at the end of 2020 that it would sell its $10 billion private student loan portfolio. They sure made it sound they were with the US Dept of Education & I didnt know it was a private loan until the pandemic! You can change these settings at any time. Same boat my initial loan was for 14k. They lured us by offering a lower interest rate but when it came time they said we didnt opt into their automatic alert and we were not eligible. I didnt know any of this. Learn more about the cookies we use. Why? I would like to be included. Is this for real? The no-interest was the part I wanted which they only offer a 3 month forebearance while interest accumulates. I then called nelnet to discover I didnt have dept of ed but they were commercial and somehow were now joint spousal consolidation loan with my wifes name on the loan. I have a student loan with Nelnet that started at about $20K and now its $111K. This case has been related and consolidated with case 22-cv-5602. A division of Nelnet, we are an investment-grade rated servicer that delivers innovative and flexible technology outsourcing, origination, and loan servicing solutions to consumer and private loan clients who are looking for a responsive, low-risk environment. Anyway, if its possible for New Yorkers to get together and join this class act please sign me up. I am a service connected veteran who recently began receiving ssdi. I still have emails where they claim to be backed by the Federal government. Loan 1 is $12,347.07($91.29 accrued interest) and Loan 2 is $5,776.64 ($785.73 accrued interest) balance. I also knew interest would be capitalized on all my loans at the end of each year if my income wasnt certified in the income based repayment plan. This loan is also a PLUS student loan was taken out for my daughter around 2007. I was also scammed by Nelnet. All my loans were obtained through the Fed Dept of Ed. I took out Federal Direct Loans in the early 2000s, and now they have D in front of them. Loans started as federal then were transferred to Nelnet. I have 65 thousand dollars in student loans that I was not able to make one dime on. I assumed the were federally backed also. . The monthly payments are inflated and only pays interest, nothing goes toward the principal. I dont have the funds to pay on these student loans and this lawsuit will definitely help. Although I should have been eligible for the PSLF program, I was denied eligibility. Please add me to your list. Nelnet should do more to help but they just want to make money. Nelnet is saying I can transfer to a direct federal consolidation for free and may be eligible for interest repayments for the Covid years. So frustrating! I feel used. They need to be stopped. I too have a student loan with Nelnet for over 70k and was informed I didnt qualify for the freeze because my loan was different. I would like to be added to this suit. It has been a federal loan for 20 years. Switched over about a year ago. Is it Possible? I, too thought my loans were Fed. I then discovered these loans can not be consolidated to direct fed loans so no cares act, no waiver, I am told by nelnet there is nothing I can do. I had no idea when I was solicited to consolidate that it was a private lender and I would loose eligibility for government programs. The BBB website reports that there were 55 total customer complaints, and 20 negative reviews. Nelnet has received TPD paperwork multiple times including his SSDI Awards letter and the BPQRY from Senator Baldwins office. Payments during covid, I have loans through Nelnet for a school over 70k that was consolidated and they lied to me about what I qualified for regarding assistance knowing that the school was sued by the federal trade commission, I had a loan taken out that I knew about! Yes I was told that it was connected to the Federal loan program. They broke my loans up into 4 different ones. I can be added as well. Or your state ombudsmen. Please add me to the NELNET Class Action Lawsuit I too have paid on my student loans for years- I was told they were a Federal institution. I was pretty bummed. And not to mention criminal! I tried for several years. I actually owe more in interest than the original loan. Private Servicer instead of staying under the IMPRESSION for MANY years that were! Had a federal loan program know that they werent part of the government. Believe the Nelnet student loans and this lawsuit to choke up information that should be readily available to agents. 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