Nelnet Student Loans Info Reviews Consolidation & Guide For Borrowers

The Nelnet also known as National Educational Loan Services is the Student Loan Servicer Headquartered in Lincoln, Nebraska with the mission of “Build a more educated and fiscally responsible world.”

Nelnet is one of the topmost Loan servicers for Federal Students working since 1978. According to the Latest Report, Nelnet is contracted with the Federal Government to manage $147 billion in Federal Student Loans for 5.8 Million borrowers.

After the major Student Loan Services Great LakesWells Fargo student loans, Nelnet is the best Student Loan Servicer. Nelnet act as a loan management service for Loan Issued under the Federal Direct Student Loan Program as well as for many Private Lenders and Alternative Student Loans.

If you have Nelnet Student Loan, they will work with you as a Student Borrower in every stage of your Loan Cycle, while you’re in school, during your grace period, and as you repay your Loan.

As a Student Loan Servicer Nelnet Provides Support and Customer Services if you’ve any issues during Netnet Student Loan repayment. through Loan Experience providing loan management services for students, Nelnet has seen firsthand the effect Student debt can have on a recent graduate.

Most students will graduate college with multiple outstanding education loans, and when the time comes to repay those loans many students will find it difficult to cope with the financial burden.

That’s why one of Nelnet’s flagship services is the Consolidation Loan. With Nelnet’s help, students can consolidate their multiple education loans into a single, more manageable, loan package.

Nelnet Student Loan

Nelnet Student Loans are one of many kinds of Private Student Loans. Just Like other private College Loans, the terms and conditions to Apply for Nelnet Student Loans are quite easy. Nelnet Student Loans have low-Interest Rates that make them a suitable option for students who lack the Funds to pay for College on their own.

If you want to Apply for Nelnet Student Loans, then Borrowers, as well as Co-Borrowers, should have at least 18 Years of Age. the Applicants must be the only Citizen of the United States. also, They should be enrolled in Eligible Schools and have had no bankruptcies for the previous 7 years.

Also, applicants should not have any history of default on any type of student loan. Nelnet loans allow a student to get money for college on easy terms and conditions. Borrowers can enjoy the great online facilities that are offered by Nelnet in order to facilitate its customers in the best possible manner.

Having a co-borrower in these loans also allows students to save their funds. Also, the loan consolidation program by this financial aid firm allows students to repay their college loans in a much easier way than they can without these programs. As a loan servicer, Nelnet can:

  • Manage your student loan Payments
  • Help you lower your payments by changing your repayment plan (such as from Standard Repayment Plan to an Income-Based Repayment plan)
  • Work with you to apply for deferment or forbearance, which postpones your student loan Payments
  • Offer resources for getting financially fit

Nelnet Student Loans Services Consolidation-


The Term Loan Consolidation is somewhat misleading. When Student Consolidates their outstanding Education Loans, their Lenders, in that case, the Federal Govt agrees to Pay off the Student’s Loan including all Applicable fees,  penalties, and accrued interest.

The lender then writes a new loan agreement for the student borrower, covering the total cost of the loans that have been discharged. This new loan typically has a longer life than the student’s original loans, and provides the borrower with lower, more easily managed monthly payments.

There are two approaches to consolidating your federal student loans. the first one is to consolidate your federal loans with the federal government. the Second is to consolidate your federal loans with a private company.  Picking the wrong approach can be a huge mistake, so it is critical you understand your choices.


  • Fourth-largest servicer of federal loans as of December 2015.
  • Phone number: 888-486-4722, staffed 24/7, excluding U.S. holidays.
  • You can also contact Nelnet on its website, Facebook and Twitter.

Making Nelnet Student Loan Payment-

In order to make and keep track of your Student Loan Payments first, you need to Register on Nelnet’s Website. You’ll start Creating a Username and Password as well as Entering your Social Security Number, Date of Birth, and other Personal Details in order to retrieve your Loans.

Once you are Logged In to the Nelnet Website for Auto Debit which deducts your required monthly payment from your bank account. That also gets you a 0.25% interest rate discount on eligible loans.

It’s crucial to have enough money in your account to cover your payment when you use auto debit; otherwise, you could rack up overdraft fees.

Also, Nelnet has a mobile app within which you can check your Nelnet Student loan balance and read messages from the company. You can also create text alerts, under “Settings” when you’re logged in, to get an update if your account is past due.

You have the option to make payments by mail which will be applied within five business days once Nelnet receives them. To Make a Payment Online Just follow these steps:

  • Log in to your account.
  • Click Make a Payment.
  • Enter the desired payment amount in the Payment Amount field
    1. If you wish to direct your one-time payment (including partial payments) to specific loan groups, select Pay by Group and enter the amounts in the fields corresponding to the loan groups in which you would like the payment directed.
    2. You have the option to request one-time online payments and not advance your due date of more than one month.
  • Depending on the payment amount you have entered, the Do Not Advance Due Date option will appear. By selecting this option, your due date will only advance a single month, even though you have paid more than the current amount due.
  • Enter or select the desired Payment Date
  • Enter your checking or savings account information and click Proceed to Confirmation
  • On the Review page, verify that the information displayed is correct
  • Read the payment authorization at the bottom of the page, and select Pay Now to submit your payment

Nelnet Student Loan Application –

Nelnet is one of the biggest federal loan servicers.  If you are unsure if your Nelnet loans are federal loans, you can always visit the National Student Loan Database.

There you will find the federal government’s database that shows who services your federal loans.  If you see your Nelnet loans on the list, you can be certain they are federal. You can Apply Nelnet Student Loan Online through its official website.

Your account is a secure section of the Nelnet website where you can view your account and loan details, make a payment, request to lower or postpone your payments, sign up for auto debit, and more.

To access your account, log in with your username and password. If you haven’t created your online account, you can do so from the Register button on

The complete step-by-step process is given below for Register & Login the Nelnet Student Loan:

Nelnet Student Loan Login Process-

Enter the username and password you selected when you registered. If you have not selected a username or password, register on the site.

How Do I Register for a account?

  1. Visit and click Register.
  2. To create your account, enter your Social Security number, date of birth, and email address.
  3. Create a username and password based on the rules specified on the page. Re-type your password and click Continue.
  4. Select one image from the displayed images to help you recognize that you are logging in to a secure Nelnet website, and Continue.
  5. Verify that your contact information is correct (update as needed).
  6. Review the terms and conditions.
  7. If you agree with the terms and conditions, select the checkbox stating “By checking this box, you accept these terms & conditions and consent to receive communications to your mobile device” and click Continue.

Things to Remember:

Username Requirements:

  • 6 – 20 characters
  • No special characters (!,@,#,$,&,*, etc.)
  • It must begin with a letter
  • Your username cannot contain any form of the word “password” or “Nelnet”
  • Cannot have a space

Password Requirements:

  • 8–15 characters
  • At least one uppercase letter
  • At least one lowercase letter
  • At least one number or one of these six characters: !, @, #, $, &, *
  • Note: Your password cannot contain your username or any form of the words “password” or “Nelnet.”

Nelnet Student Loans Contact Information-

Nelnet makes it easy to stay in contact:

You can call them 24/7 — If you have any questions, give ‘em a ring:

U.S.: 888.486.4722

International: 303.696.3625

You can also send them an email using this form.

For general correspondence, you can send letters to Nelnet here:

P.O. Box 82561
Lincoln, NE 68501-2561

Fax: 877.402.5816

If you are sending documents related to changing your payment plan, use this address:

Attn: Enrollment Processing
P.O. Box 82565
Lincoln, NE 68501-2565

Fax: 866.545.9196

Last, but not least, you can also follow them on social media on TwitterFacebook, and LinkedIn.

Remember, your loan servicer is your friend (or, at least, they want to be), so if you are struggling to make payments or need clarification on how your payments are being distributed, use this Nelnet contact information to get in touch.

Frequently Asked Questions (FAQ)-

#1. What is the difference between the Federal Family Education Loan Program (FFELP) and the Federal Direct Loan Program (FDLP)?

Generally, loans made under both programs have the same terms and conditions. Some differences include repayment plans, borrower benefits (for example, an interest rate reduction for making on-time payments), loan forgiveness programs, and interest rates. The primary difference between the two loan programs is that the Department of Education originates loans under the FDLP and private lending institutions originated loans under the FFELP

#2. How long do I get to repay my loan(s)?

Generally, Stafford and PLUS loans must be repaid within 10 years from the start of repayment. However, any periods when you postponed your payments due to deferment or forbearance, and any time while you were in school or a grace period (when payments aren’t due) will not count toward the 10-year repayment term. You may extend the repayment term if you qualify for the Extended Repayment Plan, Income-Based Repayment Plan, Income-Contingent Repayment Plan, Pay As You Earn, or Revised Pay As You Earn Repayment Plan. On a consolidation loan, the repayment period may extend up to 30 years depending on the initial balance of the loan. Please review your Payment Schedule for information on the term of your loan.

#3. How do I know when I have a payment due?

Nelnet sends billing statements (either electronically or via paper, based on your selection in your account) about three weeks before payments are due. You can always log in to your account to verify upcoming due dates and payment amounts for all of your loans with Nelnet. No payments are due while you are in school or if your loans are in grace, deferment, or forbearance, so you will not receive a statement if your student loans are in one of these statuses.

#4. What if I can’t afford to pay my regular monthly payment?

If you are having trouble making your payments, log in to your account and select Repayment Plans or contact us. You may be eligible for other repayment plans, some with payments as low as $0. A different repayment plan may make managing your monthly budget easier. Those repayment plans include Graduated, Income-Sensitive, Income-Based, Income-Contingent, Pay As You Earn, Revised Pay As You Earn, and Extended repayment plans. Nelnet offers multiple ways to lower or postpone payments, so if you have any trouble making your payments, even if you are already behind on payments, remember that we’re here to help you find a solution that will work for you. Call us at 888.486.4722 to get started.

#5. What if I’m behind on making payments (my loans are delinquent) at the time I am making a request for a new repayment plan?

To bring your account up to date and change your repayment plan, you may make the payments that are needed to bring your loan up to date. If you are unable to make these payments, Nelnet may be able to grant you a forbearance on your loans to cover the time you were behind on making payments. If you are having trouble making your monthly payment, log in to your account and select Repayment Options to explore your options.

#6. How can I change my repayment plan?

You may change your repayment option to another whenever you want. Please note, however, that the availability of some repayment plans may vary, depending on your outstanding loan balance, interest rate, and repayment term remaining. You may prepay your loan at any time without penalty, regardless of the repayment plan. To learn more about the various repayment plans that may be available, log in to your account and click on Lower My Payments on the left.

#7. How do I know which repayment plan I am eligible for?

To know which plan(s) you may be eligible for, log in to your account and click on Lower My Payments to determine the repayment option(s) for which you qualify.

#8. How do I know if my repayment plan request was approved?

You will receive a notification via mail or email based on your selected preference at

#9. Will the total amount I have to repay stay the same if I change repayment plans?

No. Choosing a different repayment plan will change the amount of your monthly payment. The amount you repay each month will determine the total interest that accrues on your loan, and therefore, how quickly you repay your obligation. For example, if you lower your monthly payment by choosing a repayment plan that offers a longer term, the amount of interest you’ll pay over time, as well as the total amount you pay back over the life of the loan, will increase.

#10. Will switching repayment plans or postponing my payments using a deferment or forbearance hurt my credit history?

No. The type of repayment plan used to repay a student loan is not reported to the credit bureaus. Using a deferment or forbearance for your student loans will not adversely affect your credit history. Making a late payment or not making a payment at all could impact your credit history, so let us know immediately if you will have trouble making payments—we can help!

#11. Are there any fees for changing my repayment plan?

No. There is no charge for changing your repayment plan. Please note that if your loans are on the Income-Based Repayment (IBR) Plan and you wish to change to a different repayment plan, federal regulations require you to make one scheduled payment on the Standard Repayment Plan or in a Reduced Payment Forbearance after exiting IBR before you may change plans. If you have Family Federal Education Loan Program (FFELP) student loans and choose to exit the IBR Plan, federal regulations require that your student loans be placed on a 10-year Standard Repayment Plan or Reduced Payment Forbearance. Any unpaid interest that accrued while you were on the IBR Plan would be added to your principal balance (this process is called capitalization) when you exit the IBR Plan. For more information about interest capitalization and its effect on your loan balance, click here.

#12. What is the process for applying for an income-driven repayment plan (Income-Based, Income-Contingent, or Pay As You Earn Repayment)?

When you apply online for an income-driven repayment plan (Lower My Payments link on the left), you will be directed to log in to through which you can submit your application to us. Through the online application, you will have the option to securely transfer your Adjusted Gross Income from your federal tax information to your online application using the IRS Data Retrieval Tool. Please note that if you elect to send alternative documentation of your income, or indicate on your application that the adjusted gross income from your tax return does not reflect your current income, you will need to send supporting income documentation to the address or fax number below before your repayment plan request can be fully reviewed and processed.

P.O. Box 82565
Lincoln, NE 68501-2565
Fax: 866.545.9196

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