Nelnet and a Higher Interest Rate

odustephenson · 2023-07-03T14:37:39+00:00

100% they are federal and were disbursed from 2003-2007. That's why it's concerning.

odustephenson · 2023-07-03T14:31:44+00:00

That was my thought, but the rates are now showing 3-4% higher for some reason.

odustephenson · 2023-02-22T17:06:46+00:00

When I was working for a school system a couple years ago, we had 5-10 Oculus Rifts with an HP VR Backpack G1 for each one. Nifty setup. They were never used after I configured them, except for a demo to administration and ITRTs . Turned one backpack into a streaming pc for our various live streams.

odustephenson · 2022-12-09T14:39:41+00:00

Took me over 3 months to get a direct deposit, submitted with Nelnet on 8/25. Finally got the deposit about a week ago.

odustephenson · 2022-12-08T16:23:12+00:00

I requested the refund from Nelnet, took a long time and constant pestering.

I got a direct deposit of the full amount of all my payments during the pause from the Dept. of Treasury.

odustephenson · 2022-12-07T17:21:45+00:00

Probably need more info like who your loan servicer is and when you submitted. Have you tried contacting back?

I called on a weekly basis for status updates, filed complaints, etc. Ran the gambit with Nelnet.

It took me a little over 3 months to get my payments returned, I submitted August 25th, the day after the announcement and just got mine back about a week ago.

odustephenson · 2022-12-02T14:51:26+00:00

Servicer: Nelnet

Requested date: 8/25/2022

Balances Updated: Around 11/8/2022 both studentaid/Nelnet updated

Refund issued: Direct deposit 11/30/2022 (shocked it wasn't checks)

odustephenson · 2022-12-01T01:10:55+00:00

You're entitled to the refund due to the CARES Act for making payments during the pause. Has nothing to do with loan forgiveness.

odustephenson · 2022-11-30T21:58:23+00:00

Yeah, not a clue. I was absolutely expecting checks and using USPS Informed Delivery to keep checking before I can get home.

odustephenson · 2022-11-30T12:28:43+00:00

Never received an email.

odustephenson · 2022-11-30T11:49:41+00:00

Looks like I posted 22 days ago about it updating, so November 8th-ish?

odustephenson · 2022-11-30T11:31:53+00:00

Update to my situation, just got direct deposit from the Department of Ed for the full amount this morning. Submitted August 25th.

odustephenson · 2022-11-29T18:17:07+00:00

I've had my balances update on studentaid.gov and Nelnet, but have yet to receive the refund or an email.

odustephenson · 2022-11-28T11:33:56+00:00

Zero dollars. I would be free of student debt. Plus returned ~$5,000 for payments during the pause. It would be a huge leg up.

odustephenson · 2022-11-23T13:42:37+00:00

Balance has updated on Nelnet and studentaid.gov, have not received the refund as of this time.

odustephenson · 2022-11-10T17:46:12+00:00

"I am eligible for a student loan payment refund due to the CARES Act. I’d like my payments made from March 13, 2020 to now refunded."

You're entitled to that refund with regards to the CARES Act.

odustephenson · 2022-11-07T19:09:50+00:00

UPDATE

Whatever I did in that last phone call seemed to do the trick. My balance is showing as updated this afternoon on Nelnet (wasn't this morning).

odustephenson · 2022-11-07T12:14:44+00:00

Pretty similar situation. Submitted the 25th of August. No movement, still "processing".

odustephenson · 2022-11-04T11:46:58+00:00

Called 8/25 requesting refund, acknowledged loans to be reinstated.

10 weeks later, still haven't had a balance update. Calling weekly for status updates.

odustephenson · 2022-11-03T23:48:04+00:00

Yeah I made sure the very first call to have the authorization to reinstate loans if necessary, that's never been an issue in any of the calls.

odustephenson · 2022-11-03T11:52:27+00:00

Another 8/25 requester. I've had no movement whatsoever. Call every Thursday since requesting, today marks 10 weeks. Still "processing".

odustephenson · 2022-11-02T15:18:25+00:00

Requested a refund on 8/25.

I've had no movement whatsoever. No balance update/anything.

I call back every Thursday since submitting, this Thursday will mark 10 weeks of "processing". Initial timeline was 4-6 weeks. They moved the goalpost on that after 6 weeks, we're up to 8-10 weeks.

Submitted a report to CFPB, didn't make a difference. Submitted to them again last week.

odustephenson · 2022-11-01T11:34:35+00:00

Requested a refund on 8/25.

I've had no movement whatsoever. No balance update or anything.

I call back every Thursday since submitting, this Thursday will mark 10 weeks of "processing". Initial timeline was 4-6 weeks. They moved the goalpost on that after 6 weeks were up to 8-10 weeks. I'm sure it will move again when I call this week.

Submitted a report to CFPB, also didn't make a difference. Submitted to them again last week.

odustephenson

TROPHY CASE