conglomerate centered on student loan repayment and education financial services
The Biden administration cuts $2 million for student loan servicers after a bungled return to repayment
apnews.com/article/student-loan-servicer-debt-repayment-04ad73d512dbd8560a1daed7a59b59e2
Quick Glance: Biden Cuts Payments to Student Loan Servicers
- The Biden administration is reducing over $2 million in payments to student loan servicers who failed to send timely billing statements.
- Education Secretary Cardona emphasizes the need for aggressive oversight to not grant leniency to lenders for poor performance.
- The move is a new attempt to rectify errors in the student loan payment process that have occurred since October.
- Those affected who did not receive billing statements on time will be placed in administrative forbearance while the problems are resolved.
Massachusetts, Nelnet reach $1.8M settlement over student loan servicing: Nelnet, one the largest student loan servicers, will pay $1.8 million to settle charges ...
washingtonpost.com/education/2024/01/11/nelnet-massachusetts-settlement-student-loan-servicing/
Solar generation facility to be built on Grand Island's east side: Grand Island officials say project will drive solar transformation in the area.
omaha.com/news/state-regional/business/solar-generation-facility-grand-island/article_1352e0e8-437f-5a4d-9525-e0594f13ef23.html
Nelnet: The Compounding Conglomerate: Discover the investment potential of Nelnet, a small-cap company with diverse business segments in finance, education tech ...
seekingalpha.com/article/4659280-nelnet-the-compounding-conglomerate
Paid articlePaid
Student Loan Company Nelnet Is Having a Meltdown as Payments Resume Post-COVID Amid Biden’s SAVE Program
thedailybeast.com/student-loan-company-nelnet-is-having-a-meltdown-as-payments-resume-post-covid-amid-bidens-save-program
Student loan providers brace for impact. What to do if you can't access your loan website.
usatoday.com/story/news/education/2023/09/03/website-crash-what-do-student-loan-sites-go-down/70741315007/
Student-loan company Nelnet cut customer service staff, call center hours: Student-loan company Nelnet said along with reducing customer service hours ...
businessinsider.com/student-loan-company-nelnet-reduces-call-center-hours-layoffs-borrowers-2023-4
Paid articlePaid Student-loan company Nelnet lays off 560 workers due to Biden's stalled debt relief
businessinsider.com/student-loan-company-nelnet-lays-off-500-workers-debt-relief-2023-1
Paid articlePaid Student Loan Sites Crashed Under Huge Influx of Traffic After Biden Forgiveness Plan Announced
thedailybeast.com/student-loan-sites-crashed-under-huge-influx-of-traffic-after-biden-forgiveness-plan-announced
Here's how Biden's student loan cancellation affects lenders and servicers: Student loan cancellation could boost refinancing activity for some firms but hurt ...
cnbc.com/2022/08/26/heres-how-bidens-student-loan-cancelation-affects-lenders-and-servicers.html
Paid articlePaid
Student Loan Pause May Renew But Some Borrowers Worry With End Date Looming: President Biden’s student loan payment pause is set to end on Aug ...
time.com/6207558/student-loan-pause-extensions-biden/
Major student-loan company Nelnet tells borrowers 'hold off on calling': Student-loan company Nelnet said it doesn't "have any more details on who is eligible ...
businessinsider.com/student-loan-company-nelnet-hold-off-on-calling-biden-cancellation-2022-8
Student loan restart: Some borrowers receive letters saying loans will be auto-deducted Sept. 1
al.com/news/2022/08/student-loan-restart-some-borrowers-receive-letters-saying-loans-will-be-auto-deducted-sept-1.html
Paid articlePaid
NATO investigates after criminals claim to be selling its stolen missile plans: Also, Microsoft’s one-click TikTok trick, a 14-year old Aussie cracks ASD ...
theregister.com/2022/09/05/in-brief-secuirty/
Nelnet Servicing breach exposes data of 2.5M student loan accounts: Nelnet Serving, a Nebraska-based student loan technology services provider ...
bleepingcomputer.com/news/security/nelnet-servicing-breach-exposes-data-of-25m-student-loan-accounts/
Student-loan company employee says the industry is 'awful': A Nelnet worker told Insider they wish they could do more to help student-loan borrowers ...
businessinsider.com/student-loan-industry-is-awful-nelnet-employee-cry-calls-2022-6
A former employee at a major student-loan company says workers 'literally cannot help' some borrowers when they're in trouble: 'The idea of actually paying off ...
businessinsider.com/former-worker-student-loan-company-cannot-help-borrowers-trouble-nelnet-2022-6
Leaked email shows layoffs at major student-loan company Nelnet: The layoffs come less than a week after Nelnet leadership said they expect Biden will cancel $10 ...
businessinsider.com/nelnet-layoffs-major-student-loan-company-biden-debt-forgiveness-decision-2022-5
Nelnet layoffs: Employees describe fear at student-loan company as they await forgiveness
businessinsider.com/student-loan-company-nelnet-layoffs-mass-panic-jobs-debt-forgiveness-2022-6
Leadership at one of the biggest student-loan companies expects Biden to cancel $10,000 in debt per borrower in the next few weeks
businessinsider.com/student-loan-company-nelnet-debt-relief-biden-coming-weeks-2022-5
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics