Jacksonville, Florida
1.9K views 6 comments
Not resolved

I've paid on time for YEARS and still owe more than I even borrowed.I attached a picture to support that claim too.

It should be a crime the way they calculate and enforce school loans. I've tried to discuss it with Nelnet but they don't care and extremely rude.

I've paid on time for YEARS and still owe more than I even borrowed. I attached a picture to support that claim too.

It should be a crime the way they calculate and enforce school loans.I've tried to discuss it with Nelnet but they don't care and extremely rude.

Review about: Student Loan.

Review #610508 is a subjective opinion of a user.

1.0
Product or Service Quality
Diversity of Products or Services
Interest Rate
PRODUCT OR SERVICE Nelnet Loan
Reason of Review / Monetary Loss Fair pricing / Not specified
Preferred solution Not specified

Had an Experience with Nelnet?

Write a review

Comments

Comment as anonymous or
Terms of Service
Post Comment
Cancel
ram8704
Chestnut Hill, Massachusetts, United States #1090512

You appear to have accrued interest that means at some point you missed enough payments to still be behind on interest.Your loan accrues $832 in interest a year.

That is added monthly so about $69 a month. Your interest accrued in the image is $368. That means you are 5.3 months behind is interest as of now.

You need to pay the entire $386.Then each month pay $69 + what ever amount you want to apply to the principle of the loan.

ransom
#1065631

There are many free loan calculators on the Internet. You should download one to see how loans amortize with different interest rates and payments. What you are experiencing is normal.

krisfnbs

uh....stop paying the minimum payment... that is what a 7% interest rate will do......pretty much the whole purpose of interest....

Anonymous
#1014265

do the math, you've accrued just as much interest as you have paid :P

Anonymous
#1000326

Well, if you pay only 1000 per year... that is what happens...

Anonymous
#987524

Pay down the interest on your account, have to find a way to allocate the money. You can't just make the minimum payments.

You May Also Like

Onemain Financial - 'MOM' Onemain Financial "Having aFinancial problem,,,Like many,,,mine was a little different,,,Having to work til I was 69.in order to get my full retirement ..from the Railroad,,,combined with,,I making a must decision,,,but not wanting..." Read more Ditech worest mortgage co EVER!THEY NEED SUED AND SHUT DOWN! Ditech "The lack of communication, knowledge, customer service and supervisors is the worst. I have been promised in last year a supervisor will call back, or they will mail me an..." Read more Nelnet - Borderline Criminal Organization Nelnet "I'll be the first to admit I messed up paying my student loans back right away and ended up defaulting. Those loans, which were through Nelnet, were bought by the..." Read more Nelnet - False and/or inaccurate information about amount due. Nelnet "Website showed amount due $0.00 because I always pay more than the minimum. Then I received an email saying I was past due by a certain amount. Then..." Read more Threads King - THREADSKING IS A SCAM Threads King "Items constantly "lost in transit" Rude replies from customer service Does NOT give refund as they claim they would AWFUL DO NOT BUY FROM THEM You WILL loose your money!..." Read more Legoland - Embarrassed at the pizza shop Legoland "My three-year-old was hungry it was lunchtime we decided to go to the pizza shop, I handed my son a pepperoni pizza and I picked him up a drink I..." Read more Alattehotte - They have my $2000 machine don't take calls Alattehotte "i sent in my exprelia Evo to them for repair it was under warranty on 3/1/17 have not seen it since. they do not return calls and i have no..." Read more Petcarerx - How have they not been sued yet??? The PetPlus75 promo code is a SCAM!!!! Petcarerx "Alas, I too fell for the "75% Off" scam that they pull. I received an email earlier this week from PetCareRX offering the 75% Off code, a screenshot of which..." Read more