Complaint Review: Nelnet - Lincoln Nebraska
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- Author Confirmed
- Nelnet 121 South 13th Street, Suite 201 Lincoln, Nebraska U.S.A.
- Phone: 877-8043603
- Web:
- Category: Loans
Nelnet dishonest, hidden charges and fees Ripoff Lincoln Nebraska
*Consumer Comment: Do you know how to read?
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I was given a check. A loan amount which is supposedly INTEREST FREE through the government Stafford Subsidized Loan Scheme.
However, they have a HIDDEN monthly fee of $50 dollars
4 months later, i have to pay $300 more AND COUNTING!
This was never explained online, or in the paperwork or anywhere.
When I emailed them, the letter came back.
When i tried to chat with a live operator they didn't help either.
THIS COMPANY IS A UNETHICAL!!!
Anon
Johnstown, Pennsylvania
U.S.A.
This report was posted on Ripoff Report on 01/14/2007 11:34 AM and is a permanent record located here: https://www.ripoffreport.com/reports/nelnet/lincoln-nebraska/nelnet-dishonest-hidden-charges-and-fees-ripoff-lincoln-nebraska-230497. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Consumer Comment
Do you know how to read?
AUTHOR: Jake - (U.S.A.)
SUBMITTED: Wednesday, July 04, 2007
A Stafford loan has a minimum monthly payment of $50.00
It is a loan, it must be repaid, and it is repaid in monthly installments.
If it's subsidized the government pays the interest in an authorized deferment. You pay interest all other times.
This is very basic information published all over the internet, including on the website of the company you are directing your entirely meritless complaint at, not to mention the federal student aid website and the websites of almost all schools that participate in the federal financial aid program. It's spelled out in great detail in the promissory note every student signs.
You may be able to get the loan discharged due to false certification of ability to benefit if you can't read basic English;)
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