I feel as if there is something shady going on to screw millions of student loan borrowers out of more money. I have Nelnet loans and Im not understanding why it is so high? Give us a call. I filed bankruptcy in 2017 and attempted to file the loans into my Chapter 7 bankruptcy but was told that student loans could not be cleared through a bankruptcy. The parties can also express their consent to jurisdiction by a magistrate judge in any joint filing, including the Joint Initial Status Report or proposed Case Management Order. My principal balance is now approx $28. I am paying 1250/month and its all interest. When I consolidated my loans when Nelnet took over my loan from ACS years ago, I wasnt told I had the wrong type of loan and I didnt know that my loan was not a federal loan. Unfortunately they did not suspend my account during determination period. They also did not honor a paid in advance status from my previous lender even though I had proof. Led to believe it was federally backed. Go to Firstmark Services. What is going on here and who can help us? They told me that I have to include my husbands income because we are married. This company is straight from hell. I, like many others are currently employed due to the pandemic and I have . I struggled so hard to get through these layers of bad information and advice that I should never have been in and now I do not qualify for federal assistance on federal stafford loans that I had no idea were owned by Nelnet. Yes, this has been happening to me and my husband. Also tried to get in an idr plan and was misled into a payment that was twice what I pay now. NelNet refused to allow me to make payments. I think Im getting shafted by Nelnet. I was also told when I refinanced with them that I would be eligible for the Teacher Loan Forgiveness. I get advertisements. All my loans were obtained through the Fed Dept of Ed. Please help. They are charging me all the way they the pandemic. Why would they misrepresent themselves like this. Why is that? Copyright 2023 Firstmark Services. This field is for validation purposes and should be left unchanged. I have nelnet student loans as well and would like to be added to this list. I told her that I was given the wrong information in the past, that I had contacted Great Lakes who said they didnt own my loans, and asked her to pass me to the next person who would have higher clearance if she didnt have better information. I can be added as well. I didnt find out until the CARES act as well! If there is a class action suit? I received a call in 2011 to enter income based plan, the capitalized interest was 23000, then I received a call in 2017 to enter a revised income based plan, they stated it would lower my payments, but received 27000 in additional capitalized interest, after they said that they would not capitalize my loan again. 0 complaints for Firstmark Services. Both my husband and I had/have loans with Nelnet. I will never pay this debt off at this rate. If you need additional information, you can call Firstmark at 888-538-7378 from 7 a.m. to 8 p.m. Central, Monday through Friday or email customer.service@firstmarkservices.com. All Rights Reserved. Shutterstock. Something went wrong it says. This article and supposed lawsuit has been sitting here now for over TWO years. Would like to be included in this action. Nelnet's Firstmark Services division will service a $10 billion portfolio of private student loans that Wells Fargo is selling to private equi Lincoln man leaves one business, gets in on ground . It has been sold numerous times to others. Please add me to this class action law suit, I also have a nelnet loan and was mislead, I wasnt able to transfer those credits to a university college wasted my time and money, and the school is no defunct, Le Cordon Bleu, so my degree has no value. Nelnet came out of nowhere. Yes please add me to the list. I have made over 10K in payments but my loan amount went up by 14k. I only found out that it wasnt federally funded from trying to obtain my w-2 from the IRS where it was stated Nelnet didnt qualify for a student loan proof of identity. I was also misled to believe I needed to consolidate my loans. The letters they send even uses the U.S. Department of Education on it! You must then use private student loans, which I could never get (on fair terms/rates). I was a teacher in a low-income area and teaching special education for 7 years when I start requesting an application for service/ teacher loan forgiveness program. I have a student loan with Firstmark Services, a division of Nelnet. I need all the help I can get with this situation! I am so upset that after over 30 years repaying loans as best as possible and left with debt at 66 years old still that I am excluded from any possible debt relief. They recently quoted me a payment based on a govt program to consolidate that was 1/6th of the current amount they are looking for. I owe $173,000+ and have a couple nice degrees hanging on my wall but no job! Firstmark Services is a student loan servicer and a division of Nelnet, which is a company that manages federal student loans. I received a letter from nelnet stating that it was time to pay my loans back. I was a single mom with 2 kids working part-time at 10$ an hour and going to school. I live in Punta Gorda, Florida, so I hope I can be included in this class-action lawsuit. Ssa sent a letter stating i have?had no med. I borrowed around 40,000 have paid 60000 in interest and 34000 in principle and still owe 39000 how does that work. P.O. my child misses my ex boyfriend. I have had Nelnet for years and was unaware that it was not Federally backed. Nelnet I have, and I am just shockced. Please help! Yes Please add me over 50,000 misled by school which as changed names twice. Nelnet lied to me telling me it would still be federal and when I first signed up telling me my interest would be better if I consolidated with them than my previous interest rate. How does Nelnet own my loans? I just found out today about Nelnet being a private loan servicer. Same here. . (nsf, ) (Entered: 10/11/2022), Docket(#4) MAILED notice of removal letter to plaintiff. So while I didnt have to make any payments like most people due to covid 19, my loan was still accruing interest. I have NelNet loans and theyve mislead us for years with the very same claim and only recently found out that our loans are private when we were told they were Federal. I am in the same boat! I was also under the assumption that this was a federal loan. I was told it would give me a lower interest rate and nothing else would change. I now owe over $100,000 in federal student loan debt, and still need three courses to graduate! I also have Nelnet and thought the borrower loans was a federal loan. They told me they were a government backed loan initially. I too am victim of Nelnet deceit and finding they dont have the adequate documents to support their collection efforts. Nelnet account starts with E. I recieved the same phone call amd would like to be part of the class action. . document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); Please note: Top Class Actions is not a settlement Required fields are marked *. I also have a nelnet student loan. I was misled by Nelnet that my consolidated loans were through Department of Education and backed by federal government. Before the Court is a motion to compel arbitration by defendant Firstmark Services ("Firstmark"). I cant log in. Then delta mgmt tells me it came from ascendium, ascendium tells me it came from navient. Please include me on this . I did not know nelnet was not a federal student loan company. I was surprised. Nelnet services a large percentage of law school loans, and there are a ton of lawyers in the NYC metro region. I thought my husband was just paying the loan down while the government put a hold on them because of Covid. With internet at home this past year, any question I had, I looked up immediately. (Attachments: #1 Outline for the Initial Joint Status Report) (rao, ) (Entered: 10/13/2022), DocketMAILED copy of the Clerk's Notice entry along with the Joint Consent Form to plaintiff. I currently have my student loans, $18,123.71 worth, through Dept. So generous of a company that is collecting more than 50% more on my unsubsidized federal stafford loans than the original principle. I have a Nelnet loan, I do not live in Florida but would like to be included in an applicable suit. I also went thru Nelnet for my sons tuition. of ED/Nelnet. When you submit to the feedback system, you can expect a response via email or letter within 15 days . I am not happy; please include me in the lawsuit. Sickening! As a teacher since 2002, whenever I asked about PSLF, I was only told by Nelnet reps that I didnt qualify because I hadnt paid enough months, NOT that I had the wrong type of loan. settlement administrator or your attorney for any updates regarding v. Nelnet, Inc. et al. 8:20-cv-02135-MSS-TGW, . I have inquired about this multiple times with very discouraging responses basically telling me there is nothing in an do. How can it be that I am making no dent in the principal, but also not able to utilize the benefit of the interest I have paid. I am recently single. I will NEVER pay them. Private loan borrowers should submit complaints to the Consumer Financial Protection Bureau. Misrepresentation and lies. I had no idea that they were not considered federal loans and were not told by anyone that piece of information which is very important. My account begins with a J and is considered Commercial. Designated as Magistrate Judge the Honorable Jeffrey T. Gilbert. 40. This is against law to mislead people. Definitely feel misled. I WAS UNDER THE IMPRESSION FOR MANY YEARS THAT THESE WERE FEDERAL STUDENT LOANS. Nelnet denied me the application saying that I did not meet the qualifications for the program due to the years I received my loans. So if they are not really federal then we can default. I have 80,000$ in loan to a Nelnet. And Remington College. I dont know how I would ever be able to pay this off at 56 years old. I was lead to believe Nelnet is a goverment backed vendor. Nelnet too, at the beginning was federal loan , why they transfer? (ak, ) (Entered: 10/11/2022), (#2) NOTICE of Removal from Circuit Court of Cook County, case number (2022-M1-117796) filed by Loan Science, LLC Filing fee $ 402, receipt number AILNDC-19926556. I have a nelnet account for less than 3800. for 15 + years I have 5 years left on my mortgage which was double my loans and my student loans would still be another 15 years if I had not paid extra. The clerk is directed to add Ms. Myrick's email address to the docket as follows: Myrick_tashay@yahoo.com. You can also mail payments to Firstmark Services, P.O. I was under the impression that my loans were federal because I had only ever used FAFSA. During Covid, I was shocked to learn that NelNet was not federal loans, and I am searching for a relevant class action lawsuit. These were government backed loans. Ridiculous. I cant find a job in my field and cant afford the payments. 8 p.m., Central. I dont even no who is really in charge of anything anymore. The best example is when I put my loans into deferment the very first time many years ago. Who can I turn to, for assistance? Please add me to the class action suit. So its a great time. Your email address will not be published. A company called American Student Assistance led me to believe that my payment each month was going toward the interest on my student loans. Please add me as well I have nelnet loans as well. What I see after the payment . July 1st 2021, Nelnet challenged the dispute. This is Mrs. Earvient Clark and I too have consolidated my Federal Loans and Fed Loan had them until March 2020. ClassAction.org is a group of online professionals (designers, developers and writers) with years of experience in the legal industry. As shes talking and as the conversation begins to sound extremely weird, I Google Nelnet and came across this information. Big banks.To be clear I have paid thousands over the years 6 years from retirement with this monkey on my neck. I was taken advantage of by Sallie Mae & Navient as well. Please add me as well. I did some research and see the federal government dropped Nelnet as of December 2020. Idk who these people are even and they cant give me specifics about my loan, ie original amount, what year, what college, etc, they just say it was from delta management. They are a scam! I am incredibly grateful and even more so that I now work in the food packaging industry and did not suffer job loss. My original loan began repayment in 1997. To loses all those years of services is horrible. Not paying mine, would rather fight this fight. No degree and nothing to show for it except a debt for something I never received!!!! If you would like to make a payment on your SELF Refi Loan, you can click the link below, and you will be taken to Firstmark Services. The private student loan market has less transparency, fewer mechanisms for oversight, and a smaller scale of substantive protections for borrowers than other areas of consumer finance, the report from the Student Borrower Protection Center claims. Nelnet working with the Dept of Ed, I was denied the loan discharge. We have requested IBP and even went through Federal Student Loan process and are told we do not qualify for lower payments. Now its $13k I have had this loan for 20 some years and my balance doesnt seem to ever go down. Also thought I was on a federal plan that would be counted towards loan forgiveness! I live in Texas now but my student loans were accrued in Colorado. Defendant's reply is due by 11/22/2022. Just telling me that I am stuck paying an extra 11-12,000 of interest on top of my loan amount. Many others are currently employed due to the pandemic student Assistance led me believe... 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Services ( & quot ; ) i owe $ 173,000+ and have a Nelnet loan why. Nelnet i have to make any payments like most people due to covid 19, my amount. Each month was going toward the interest on my student loans & ;... To school really federal then we can default original principle were obtained through Fed... The Fed Dept of Ed borrowers out of more money finding they dont have the adequate documents to their!
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