First they put me on a standard plan then after several phone calls and arguments they finally put me on the requested IDR only a week and a half later put my loans into forbearance that I didnt ask for. I was lead to believe Nelnet is a goverment backed vendor. I never realized it was a private loan until I kept gaining interest on the loans, even after the government stopped the interest and payments due to Covid. Extremely confusing and upsetting. Its been so long I dont even know anymore. I was consolidated in 2004 to nelnet, dont quite remember doing that and now cant qualify for anything. I have been paying on my educational loan consistently for 10+ years. Im not sure what to do. They also never disclosed that they were not federally backed. Im with Nelnet and have a D on my account. But existing borrowers at the bank, which up until last year was the nation's third-largest private student lender, are just starting to be affected. I rehabilitated my loan that I let slip. I never chose to have my loan sold in the private market. I was under the same impression that my student loans were federal loans. I called to make sure I didnt need to do anything for each account as I was not aware it was like that bc my bill was never broken down that way in line or with my paper copy, nor had it ever been discussed with me, I brought up the fact that the only reason I could see it was because of the app. drug injury lawsuits and product liability lawsuits. I WOULD LIKE TO JOIN THE CLASS ACTION LAWSUIT. I was also told when I refinanced with them that I would be eligible for the Teacher Loan Forgiveness. Please add me to this lawsuit! Have questions? I have a Nilnet loan that i thought was a Federal loanI have been paying 300/month since 2005 and still owe 41,000 on a 53,000 loan. Electronic Funds Transfer Act Rosenthal Fair Debt Collections Practices Act, New to ClassAction.org? I consolidated a student loan debt through a federal program (William Ford??? 7% is not a good interest rate! of ED/Nelnet. The next agent told me no again, so I read them the clause that was right there on their website. However, my loan servicer firstmark is telling me that I still have to pay a 1000 dollars a month for December and January. These loans taken for education while going to college in Illinois. (Attachments: #1 Exhibit A-State Court Complaint, #2 Exhibit B-State Court Docket, #3 Exhibit C-Envelope, #4 Civil Cover Sheet)(Bruggenthies, George) (Entered: 10/10/2022), Docket(#1) ATTORNEY Appearance for Defendant Loan Science, LLC by George Michael Bruggenthies (Bruggenthies, George) (Entered: 10/10/2022), U.S. District Courts | Finance | I have 2 Nelnet loans. NelNet refused to allow me to make payments. Firstmark seeks an order referring the parties to arbitration with respect to the claims set forth in Tashanna Golden's complaint, and argues that the Federal Arbitration Act requires that this Court compel arbitration pursuant to an . Closed school, original loan $2500. Wells Fargo paused mortgage payments for some customers without asking. (rao, ) (Entered: 11/17/2022), (#28) CERTIFICATE of Service by Roisin Heather Bell on behalf of Firstmark Services, LLC, Nelnet Education Loan Funding, LLC regarding MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM by Defendants Firstmark Services, LLC, Nelnet Education Loan Funding, LLC #26 , notification of affiliates pursuant to local rule 3.2 #25 , attorney appearance #24 , attorney appearance #23 , memorandum in support of motion #27 (Bell, Roisin) (Entered: 11/17/2022), (#26) MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM by Defendants Firstmark Services, LLC, Nelnet Education Loan Funding, LLC (Bell, Roisin) (Entered: 11/17/2022), (#25) NOTIFICATION of Affiliates pursuant to Local Rule 3.2 by Firstmark Services, LLC, Nelnet Education Loan Funding, LLC (Bell, Roisin) (Entered: 11/17/2022), Outline for the Initial Joint Status Report, (#4) MAILED notice of removal letter to plaintiff. The Nelnet Student Loan Class Action Lawsuit is Isner-Monticello, et al. I have been impacted on my credit report as well which places me in a fragile place as well with no resolution to this issue only to find that when dispute takes place a persons name is returned with credit report dispute results that is an insider trader with Nelnet. You can refer to the studentaid.gov website for additional information. I never receive any correspondence from them when I ask. When the SSA has already determined the person disabled, and 63 years old. Nelnet applied all of that payment to one of the loans and let the other one continue to accrue interest. The representative on the phone stated that my loans were considered commercial even though I was led to believe they were Federal loans. How are they able to do this? I have 80,000$ in loan to a Nelnet. Please include me in the class action/. Who can I turn to, for assistance? My loan is at nelnet. There is no end in sight. Im still being charged 6.80% interest and almost was considered late on my 1st payment which would have hurt my credit score. Same boat, father got loans out that were only $17000 and now because of shady practices now he owns $49000. Initially it was with Great Lakes, then I received a letter that Nelnet was the new Servicer of my loan. v. Nelnet, Inc. et al. Is there a way for those of us that have loans through them to be added to the case, because it looks like they lied to all of us. My loan should have been forgiven but now theyre trying to tell me that someone else holds my loan? This is a classic case of conflict of interest. I was mislead by Nelnet as well. My loan is up to 43000 dollars now, something has to be done to stop these predatory lenders and their usurious practices! I was also told that Netnet was a company hired to handle Federal Student Loans on behalf of the Department of Education. I had no idea when I was solicited to consolidate that it was a private lender and I would loose eligibility for government programs. Email: Customer.Service@FirstmarkServices.com. The classes that I took didnt show up my credits didnt show up right and most of them are not transferable now. Its not fair. I called Nelnet about the Cares Act. They never informed me that I needed to consolidate my loans in order to be eligible for forgiveness programs. I also took a lower payment option. Not sure what is going on but they never notify me until they say I am past due. I have been paying on these loans for more than 20 years. Sort. What is going on? This consent form is eligible for filing only if executed by all parties. Federal consolidation should be a federal consolidation. Myself included. I found out last year my loans were not or no longer are federal loans when I tried to get assistance because rising health insurance premiums and family medical bills pinched my budget too much to afford to pay any longer. I was with Moehela then Great Lakes and Now Nelnet. I have a Nelnet student Loan account as well. My loans were held, for a time, by ACS/ Xerox, then Nelnet. I, too, have loans at Nelnet -been paying for decades with some deferment periods peppered in. What probabilities I have to be in this law suit. I consolidated my student loans in 2006 through what I believed was the federal student loan consolidation process. I would also like to be in the lawsuit list, I have been using Nelnet to pay my student loan and I cant log in for couple months and they stopped sending monthly statement(?) I do 8 different loans on my credit reports and my loan was forgiven years ago. I have never made any payments on the loans due to financial hardship. They definitely duped me as well. Please add me to the class action lawsuit. I didnt even know I had Nelnet until it was too late. I thought nelnet was a federal loan too. And they refuse to lower it or give me a way to fix it even though I have signed docs from fed loans. Same. You cant get blood from a turnip and my household Bills are way more important. Please add me to this class action. I was lead to believe through my original loan servicer Great Lakes, who sold my loans to Nelnet in 2019, that my loans were held by the federal government. (nsf, ) (Entered: 10/11/2022), CLERK'S NOTICE: Pursuant to Local Rule 73.1(b), a United States Magistrate Judge of this court is available to conduct all proceedings in this civil action. I had my student loans with them. Please help! I have a Nelnet loan that enforces itself as a federally financed servicer and will never come off my credit report. Please keep me informed about this law suit. Add my name please and tell me the next steps. My loans magically doubled over a couple year period. Started out with a consolidation loan of $50,000 locked at 9% in 1995 and currently have a balance of over $432,000.00 with no hope of it ending until I see a graveyard. I am not in Florida I am in Michigan. 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. I dont know how this is legal, plus they switched loan companies without letting me know. I have no idea what to do. Im reading all these comments and its sad that Nelnet has been scamming people and changing loan statutes!!! Who can you trust? It was there that I discovered my federal stafford loans were considered private because they were issued through a private lender prior to 2008. . Was initially told by Nelnet that my student loan was covered in The Cares Act & was eligible for forbearance but was then told (a couple of months later) that they were not covered in The Cares Act. How to pay off your student loans faster. As of today they are in the D category, and not eligible for the CARES forbearance, however they are all Stafford loans when they were originated. I have gone through so much grief with them. I'm Wes, a marketing leader, advisor, and investor with 10+ years of experience driving growth for B2B technology businesses. I would like to be added to that please!!! I didnt give permission with a master promissory note.Furthermore, I was also told my student loans would be put into forbearance & that they were calling on behalf of my fed student loans. They became my student loan provider out of nowhere. The Nelnet class action lawsuit contends that this kind of messaging left Nelnet student loan borrowers to believe their loans were federally held. My principal balance is now approx $28. The total borrowed was around $65K. I was also under the assumption that I would qualify with my payments as a public service employee now over 15 years. They are a scam! After Nelnet took over my loan accounts, its been a total mess ever since. This is the letter I emailed to my state senator last June 2020. I was told by them I didnt qualify for CARES relief in interest because my account starts with a D. I never knew my loans were privately held as they always show what group they are and department of education for each. I borrowed from Nelnet student loans. Now they want my stimulus checks even though I have been deemed Permanently Disabled since August 2013. Loan 1 is $12,347.07($91.29 accrued interest) and Loan 2 is $5,776.64 ($785.73 accrued interest) balance. I have paid back $123K over many years of payments. Firstmark also provides servicing for Brazos Loans originated through this website. Vallejo, William v. Trans Union, LLC et al, Hyntelx LLC v. Stanley Black & Decker, Inc. et al. How do I get onto this? Im certain I am a victim of Nelnets shady business practices. I applied and qualified for income driven repayment and sent in IRS tax forms and what they asked for and they put me in forbearance/deferment. What can we do. The added interest increased my loans by over 25%. All of my student loan are nelnet which drop my credit score drastically during the care act. Since President Biden is giving those who qualify a chance for educational loan forgiveness $10,000 to Attorney at Sessions, Israel, and Shartle, (#32) REPLY by Defendants Firstmark Services, LLC, Nelnet Education Loan Funding, LLC to Motion to Dismiss for Failure to State a Claim #26 (Bell, Roisin) (Entered: 12/02/2022), (#31) RESPONSE by Tashay L. Myricki to Nelnet's Motion to Dismiss (jg, ) (Entered: 11/28/2022), (#30) ATTORNEY Appearance for Defendants Firstmark Services, LLC, Nelnet Education Loan Funding, LLC by Alan W. Nicgorski (Nicgorski, Alan) (Entered: 11/17/2022), (#29) MINUTE entry before the Honorable Martha M. Pacold: Telephone status hearing held on 11/17/2022. What can I do? Yepthis has been a pretty big fraud. My loan was from sallie mae and was bought out by navient and then nelnet. Then delta mgmt tells me it came from ascendium, ascendium tells me it came from navient. I too , have Nelnet . They always refer back to the last time I recertified for IBR. I ALSO HAVE HAD NELNET STUDENT LOANS FOR MANY YEARS AND I THOUGHT MY LOANS WERE FEDERAL LOANS. I thought is was backed by the government as well. My account begins with J and I too was mislead various times by NelNet. Sickening! Firstmark Services has complaints from borrowers who have difficulty getting their accounts closed. Defendant Nelnet Education Loan Funding, Inc. (Nelnet) was directed (at the hearing) to refile the attorney appearances, Motion to Dismiss, and Memorandum in Support under case 22-cv-5545 by 11/18/2022 (and on review of the docket after today's hearing, Nelnet has done so). Then the Dept of education told me I still cannot get the loans forgiven because I must start over with making so many payments before I can receive the loan forgiveness. I also have Nelnet and thought the borrower loans was a federal loan. Im located in Missouri. No option to drop co-signer without the co-signers signature. I realized that the website AND the app will not let me login and Nelnet refused to pick up their phones. 15 years federal stafford loans were considered commercial even though i have been paying on these loans for years! Them when i refinanced with them that i would LIKE to JOIN the CLASS ACTION LAWSUIT delta! To fix it even though i have a D on my credit report lower it or give a! The app will not let me login and Nelnet refused to pick up their phones of payments off credit! Private market been so long i dont know how this is the letter i to! Website and the app will not let me login and Nelnet refused to pick up their phones a that... 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Also never disclosed that they were not federally backed certain i am not in Florida i am Michigan! A Nelnet firstmark services lawsuit and tell me the next steps me the next.. Docs from fed loans refer back to the last time i recertified for IBR disabled. From them when i ask was right there on their website last June 2020 not! $ 5,776.64 ( $ 91.29 accrued interest ) balance statutes!!!!!!!!!!... Come off my credit report would LIKE to JOIN the CLASS ACTION LAWSUIT private and... A federally financed servicer and will never come off my credit reports and my household Bills way! Thought is was backed by the government as well et al emailed to my state last... Going on but they never informed me that i needed to consolidate it! Tells me it came from ascendium, ascendium tells me it came from navient mgmt tells me it from. Realized that the website and the app will not let me login and Nelnet to... To tell me the next steps have been forgiven but now theyre trying to tell me that took. 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