- Report: #230497
Complaint Review: Nelnet - Lincoln Nebraska
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Author Confirmed
Why?
Nelnet
121 South 13th Street, Suite 201 Lincoln, Nebraska, U.S.A.
Phone:
877-8043603
Web:
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Nelnet dishonest, hidden charges and fees Ripoff Lincoln Nebraska
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.
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.
1 Updates & Rebuttals
Jake
Indianapolis,Indiana,
U.S.A.
Do you know how to read?
#2Consumer Comment
Wed, 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;)
