Consolidation and Refinance Options for Nelnet Federal Student Loans
Borrowers with federal student loans serviced by Nelnet may wish to consolidate or refinance their loans. Both options have major pros and cons.
There is a long list of resources to knock out federal and private student loans. For many borrowers, the ideal approach will be a combination of some of the programs below.
If you are brand new to student loan repayment, this guide is a helpful starting point.
Borrowers with federal student loans serviced by Nelnet may wish to consolidate or refinance their loans. Both options have major pros and cons.
Income-Based Repayment (IBR) is one of the most popular federal repayment plans. IBR can lower monthly bills and qualify for student loan forgiveness.
If you have multiple federal student loans or you are stuck with more than one federal servicer, the Income-Driven Repayment math might seem complicated. Fortunately, it is pretty easy.
Repaying $500,000 in student loans is an epic challenge, but even on a salary of $72,000 per year, it can be done.
Navient may temporarily reduce interest rates to help borrowers struggling with their loans. Learn how to apply for the Rate Reduction Program.
Consolidation is a quick fix to defaulted federal student loans. Rehabilitation takes a bit longer but has some major advantages.
Whether your a living abroad or on extended travel, it is important to have a plan in place to manage your student loan bills.
If you can’t find a cosigner and can’t get any more student loans, you might feel desperate. However, there are many resources available to help your situation.
If you want to get the attention of your lender — and government oversight on your problem — filing a compliant with the CFPB is a great move for student loan borrowers.