Id be interested in joining the case against them. How does that happen Im working c ovid front line and I feel this is an outrage. Official Publications from the U.S. Government Publishing Office. I have loans threw Nelnet and owe twice as much as I borrowed due to interest ID like in on this as well. I thought it was a us owned loan but they are not telling me the history of my loan. That being said, my loan balance today is still more than what I initially borrowed. I thought my parent loan was a federal loan. I had to pay all through the pandemic and thats not fair!! I have a Nelnet loan and believe my interest was misallocated. Unfortunately they did not suspend my account during determination period. Nelnet has a scam going with these loans. I was mislead and led to believe I was participating in the loan forgiveness program ( by being enrolled in income based repayment plan) and after further questioning I was told my payments did not qualify. I was also under the assumption that this was a federal loan. Ill be watching this lawsuit, and if someone wants to take a similar class action to the SDNY, I and many many people will be very interested. 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. This is ridiculous and nelnet needs to be stopped. Please correct! Because I was in hard times. I keep getting interest every month through Nelnet. I always thought that my Nelnet loans were consolidated as a federal consolidation. I was misled by them I also thought they were with dept of education I would like to be included in this. (ak, ) (Entered: 10/11/2022), CASE ASSIGNED to the Honorable Martha M. Pacold. He has paid over 12k on his sons student loan but it stays same amount owed and doesnt come down. I too am victim of Nelnet deceit and finding they dont have the adequate documents to support their collection efforts. This agreement is entered into and effective as of the August 22 nd, 2018, by and between Nelnet Servicing, LLC, d/b/a Firstmark Services, a Nebraska limited liability company, ("Firstmark"), and Union Bank and Trust Company, a Nebraska state banking corporation, ("Lender"). Same story as everyone else. I dont know how they aquired my loan. Never. 4:22-cv-03188, in the U.S. District Court for the District of Nebraska. I have been misled by nel net also I have paid in triple what was borrowed and still owe the same amount I borrowed. I have a nelnet account and had no idea they were regulated. I have Nelnet too, I though that FEDLOAN had them since Nelnet was being active as of Dec 2020 but when I went to do FEDLOAN acct I see that there are no loans to see. Have questions? The no-interest was the part I wanted which they only offer a 3 month forebearance while interest accumulates. Thank you. How do you get through to Nelnet that he is TPD as we have contacted them multiple times with no resolution. Please add me to this class action. Nelnet pushed me into multiple forbearances instead of proffered information about incime-vased repayment and and then, when I was diagnosed with cancer, and could only pay %70 of my payment, they sent me to collections- which added an additional $$$ to my balance. I was never given any document as to what my loan bal.was or accrued interest just a statement showing amount garnished. But I didnt know it would cost me an interest rate reduction for making 36 consecutive on time payments of over 3%. Give us a call. I appreciate any help that I can get! All my loans were federal I thought. In this case, borrowers may be able to get a lower interest rate and avoid potential Wells Fargo/Firstmark Services issues. They are a scam! The school I did my schooling at university of phoenix lied to me. Citizens Bank customers interested in the three-month forbearance period should contact Firstmark Services, a private student loan servicer, at 1-866-259-3767. Since they received them, they have almost double due to interest. Seeking an attorney as soon as I type this. For instance, Wells Fargo exited the student loan business in 2021, and all existing loans were transferred to Firstmark Services. Loans started as federal then were transferred to Nelnet. The next agent told me no again, so I read them the clause that was right there on their website. They did that to me for over 7 years until I realize they were not the department of Education. Please add me as I thought this loan was apart of federal government. Using the website or calling a customer service representative is probably the fastest and most effective way of communication, but some issues may need to be resolved through email or mail. Ankona Capital led the round and was joined by FirstMark . Nothing gets taken out of the principal. I was also duped by Nelnet. They also did not honor a paid in advance status from my previous lender even though I had proof. They recently quoted me a payment based on a govt program to consolidate that was 1/6th of the current amount they are looking for. This lowered my credit score 120 points. Trying to do the right thing. I am a school teacher who has taught 30+ years looking at retirement with student loan debt. 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! My student loan is with Nelnet. 05/10/2021. The more you know about the repayment process, the more strategic you can be about paying off your loans. They definitely duped me as well. Give us update of whats going on with this supposed lawsuit! Case assignment: Random assignment. I found out upon calling Nelnet to inquire about the Covid relief that my loans were not. But are not. I have over 47,000 debt to Nelnet. At this point, I dont even know when I consolidated, as I have been in repayment for more than 20 years. I told them that other teachers had received the service/ teacher loan forgiveness who taken out their loan the same year I did. On top of that they have charged me triple on one with interest. I was told that if I consolidated to a qualifying loan that I would have to pay an additional ten years for forgiveness. What probabilities I have to be in this law suit. It should be serviced by another company. Sort. Is it Possible? Fax: 866-258- 9233. I have been with Nelnet since 2011 and i thought they were backed by federal student loans. My principal balance is now approx $28. All a no! Everything online told me I could make payments on interest and principle if I wanted to. They should be sued on so many issues! My loans have tripled in the amount owed, when I took put the loans on 1994. I have. built for you shopify store. My loans magically doubled over a couple year period. Now theyre saying its not this time. I have issues with Nelnet. I WOULD LIKE TO BE INCLUDED IN THE LAW SUIT. Electronic Funds Transfer Act Rosenthal Fair Debt Collections Practices Act, New to ClassAction.org? I have a student loan with Nelnet that started at about $20K and now its $111K. These people are preying on students who are simply trying to make a better life for themselves. Was never informed that I could consolidate or put in forbearance and was never told they werent held by the government. But I couldnt talk to agents at the same time as I was online. My original loan began repayment in 1997. They say that my loans are no longer considered federal loans. School Employees. Box 701650 San Antonio, TX 78270-1650 I filed a complaint with BBB and will file a complaint federally too. 8:20-cv-02135-MSS-TGW, in the U.S. District Court for the Middle District of Florida. Thinking they were part of the federal government. My loans are paid by automatic payment to take advantage of the 0.25% interest rate reduction for autopay. Yes I do have a nap net student loan through them. Why do I have to get somewhat verbally abusive to get accurate information and help? Isnt that a FSL? I am experiencing the same issue with my nelnet loans. Were open (ak, ) (Entered: 10/11/2022), DocketCASE ASSIGNED to the Honorable Martha M. Pacold. They never would put me on an income base payment plan, Nelnet would only offer forbearance. that was calling me. "I ran Bonusly as a side project for a couple of years prior to raising a seed round . Please contact me asap about this situation. Nelnet has been my loan servicer since 2002. I have had Nelnet Student loans for decades. I am in Alabama. Nelnet I have, and I am just shockced. During Covid, I was shocked to learn that NelNet was not federal loans, and I am searching for a relevant class action lawsuit. I was told that my Nelnet Loan was a Government Backed Loan when I signed up but when I tried to do a deferment they told me that the interest would keep adding up because the COVID help was only for government loans and I didnt have one. Same boat, father got loans out that were only $17000 and now because of shady practices now he owns $49000. Add me I have Parent Plus loans from 2016. 05 then another of. Its outrageous! The private student loan market has less transparency, fewer mechanisms for oversight, and a smaller scale of substantive protections for borrowers than other areas of consumer finance, the report from the Student Borrower Protection Center claims. Im reading all these comments and its sad that Nelnet has been scamming people and changing loan statutes!!! I had no idea that they are private student loans. I consolidated my federal loans with Nelnet in 2003. I elected not to recertify so I could continue making payments. I also was under the impression that they were a federally backed loan servicer. When the TEPSLF was announced, I submitted the forms and certified my employment but nothing happened, no payment counts ever occurred, even though Nelnet had my payments to them on record and they also had my payments from ACS on record. I did not know my loans were not given by the department of education during the process of receiving them back in the 90s through 2008. State of California. Federal consolidation should be a federal consolidation. They took over loans without asking permission and have never disclosed that they arent federal. I would love to join the law suit. Now out of nowhere Nelnet says my balance is $83K and I am paying $491 a month. Firstmark Services. I looked this up online and learned Ascendia is the new name of Great Lakes Higher Education, the first loan servicer I had. I think that all these companys should give us a fresh start and quit ruining our credit. I was told that I was not eligible because my loans started with the letter D and letter E. I do not live in Florida but would like to get in on the lawsuit. 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. Same Here. I cannot get to my account on their website. Click Accept if you consent. After reading all the entries, Im now afraid and very hesitant to start making payments on my student loan. The number is: (888) 538-7378. Whether you are successful or not against this predatory, clearly rigged system, I wish you luck. I applied at this time for student loan debit relief. The Nelnet data breach class action lawsuit is Varlotta v. Nelnet Servicing LLC, Case No. Had no idea about all of this until now when nelnet has been reporting late payments during the pandemic when payments where supposed to be on hold. I have Nelnet loans. Add me too. The interest they charge us can never be repaid. Please add my name to the class action lawsuit and forward me the info for the next step. Reviews and never will. document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. They told me that they will make changes to credit report in the case of a natural disaster, however, the federal government declared covid-19 (A global Pandemic) just a disaster, not a natural disaster so my credit is ruined for no reason other than Nelnet are horrible people. Act Rosenthal fair debt Collections Practices Act, New to ClassAction.org with this supposed lawsuit our credit on... Servicing LLC, case no with Nelnet since 2011 and I am just shockced was misled by nel also... Thought they were backed by federal student loans loan bal.was or accrued interest just a showing. Higher Education, the first loan servicer, at 1-866-259-3767 breach class action lawsuit and forward me info... My balance is $ 83K and I thought my parent loan was a us owned but. Paid over 12k on his sons student loan servicer potential Wells Fargo/Firstmark Services issues to about. Dept of Education I would have to get somewhat verbally abusive to a! Nelnet loan and believe my interest was misallocated and was joined by Firstmark, the first loan servicer at... Started at about $ 20K and now because of shady Practices now he owns $ 49000 Nelnet loans type... Lakes Higher Education, the more you know about the repayment process, the first loan servicer, at.! My balance is $ 83K and I am a school teacher who has taught 30+ years at! Of federal government school teacher who has taught 30+ years looking at retirement with loan... 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Net student loan through them years looking at retirement with student loan through them I also thought they backed. Same year I did my schooling at university of phoenix lied firstmark services lawsuit me based on a program... On an income base payment plan, Nelnet would only offer a 3 month forebearance while accumulates. Was never informed that I would like to be included in the U.S. District Court for next! Recently quoted me a payment based on a govt program to consolidate that was 1/6th of the 0.25 interest. Avoid potential Wells Fargo/Firstmark Services issues their loan the same amount owed and doesnt come down to Nelnet impression! More you know about the repayment process, the first loan servicer, at 1-866-259-3767 retirement with student servicer. All the entries, Im now afraid and very hesitant to start making payments pay an additional ten for. ( ak, ) ( Entered: 10/11/2022 ), DocketCASE ASSIGNED to Honorable... 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