Nelnet - Should be against the law, but government enforced!

54 of 141 Nelnet reviews

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.

This review is a subjective opinion of a user.
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Diversity of Products or Services
Product or Service Quality
Interest Rate

Reason of review:
Fair pricing
Product or service
Student Loan
Review category
Loans and Mortgages
review #610508

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54 of 141 Nelnet reviews
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ram8704

Jan 07 #1090512 Chestnut Hill, Massachusetts, United States

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.

3 0 Reply
ransom

Nov 18, 2015 #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.

0 0 Reply
Anonymous

Jul 31, 2015 #1014265

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

2 0 Reply
Anonymous

Jun 27, 2015 #1000326

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

2 0 Reply
Anonymous

May 22, 2015 #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.

2 0 Reply
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