I didnt consent to this ! I have loans threw Nelnet and owe twice as much as I borrowed due to interest ID like in on this as well. Definitely feel misled. Im not saying they shouldnt own debts, but they shouldnt be able to service their own product. No option to drop co-signer without the co-signers signature. Class Action Against Firstmark Services. Instead, Im clouded, overwhelmed and misled by Nelnets high interest rates and unaffordable payment plans. This consent form is eligible for filing only if executed by all parties. 4:22-cv-03188, in the U.S. District Court for the District of Nebraska. I also have Nelnet and trying to get them paid off through the state. I am now realizing how untrustworthy financial institutions can be, & I can only imagine how many other vulnerable people have been taken advantage of & lied to. This notice, the lawsuit attests, failed to provide the plaintiff essential information on certain rights pertaining to electronic funds transfers as required by the EFTA. I have a Student Loan with Nelnet it begins with D. Im not sure why I didnt qualify for the forgiveness program back in 2021 while working for the state local government supporting public service. I keep getting interest every month through Nelnet. Add me please. Whether you are successful or not against this predatory, clearly rigged system, I wish you luck. They do not have all pertinent financial information right at hand? On everything including my credit report it shows Department of Education/Nelnet. I remember them consolidating my loans and then the amount doubled. Please add me to the lawsuit. Now all of a sudden nelnet has it and my balance went back up by $5000.00 in one month!!! According to the lawsuit, this arrangement was in place from at least as early as 2011 through at least 2019, a time in which the defendants' senior executives and managers conspired not to "solicit, recruit, hire without prior approval, or otherwise compete for employees," per the case. 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. I was very ignorant as a college student and never understood that this was not backed by the federal government when I consolidated my loans. Nelnet lied and I accrued twenty thousand dollars in needles interest. How to contact Firstmark Services. They hit my credit score lowered it 200 points! I too am victim of Nelnet deceit and finding they dont have the adequate documents to support their collection efforts. I was misinformed for years about my repayment options including the public service forgiveness option and how to qualify. That info came from a supervisor at nelnet. The monthly payments are inflated and only pays interest, nothing goes toward the principal. WTH is going on? Had them since I graudated in 2016, and still paying off loans to this day. However, I am not allowed to make any decisions or have any information about the loan without HIS PERMISSION! All my loans were obtained through the Fed Dept of Ed. "In the spirit of providing assistance, we may have misinterpreted customers' intentions in a small . My loans started in 1993- 1996, I have had many loan servicers. I would like included in this lawsuit they have taken thousands from me and doubled my amount owed.. Ive had student loans and still do through Nelnet they are crooks.. My loans were initially serviced by Nelnet. Ive been paying on my loans every month for 15 years now, and I still owe $10,000 more than the original loan amount! I thank all who have put in what they have found out about nelnet. How do they just become private loans when consolidated with a company that services federal student loans? My loan started with a D. I also have Nelnet student loans. How can Nebraska be included in this class action lawsuit? I also was under the impression that they were a federally backed loan servicer. I owe like 8500 but I still cant pay on my disability. To day supervisor Alex tells me faxing it is not a good option as it dont go to their department. My loans are from 1982 to 1984 and consolidated in 2002. It digs us deeper in debt AND we couldnt defer our loans during covid. Then Nelnet sent me a letter telling me that they have my loans now. Is that not correct? Shutterstock. I was misled by Nelnet that my consolidated loans were through Department of Education and backed by federal government. 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. I have a Nelnet Loan that begins with a J, which indicates it is private. It wasnt nelnet not dept of ed. Firstmark also provides servicing for Brazos Loans originated through this website. Just found out my Nelnet serviced loans are not Dept of Ed loans but are privately held- totally misrepresented when I consolidated years ago. When I got my loans transferred to Nelnet by Great Lakes, Nelnet switched mine to private when they were federal I filled out a FASFA and was awarded a Pell grant. I too was lead to believe that my loans were Federally held loans and like the poster above found out that they did not qualify for the CARES act. It just doesnt make any sense. document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. 41. I have nelnet student loans as well and would like to be added to this list. Big question is why are these service agents either undereducated or directly told to give misinformation? Scared to death we will default, have wages garnishment, have the Florida and US DOE after us. I have Nelnet. I owe 50,000 Navient needs to erase my loans I have been fighting my loans for a long time. Nelnet insisted that I continue signing forbearance and deferment papers on my student loans and thats why my student loans went into default and years later Im so far in debt that I dont think Ill ever get it straightened out! Fast forward to the end of 2020 and I now owe an outstanding balance of $19,000.73 and principle balance of $18,123.71. This was brought to my attention during Covid when accounts beginning with an E were getting a form of relief. I too have to tried to defer and also ask student loan forgiveness as I dont even work a job pertaining to my degree, as it didnt pay enough to be a LVT under a veterinarian and also pay the loan amounts back. Its outrageous! I thought that they were Department of Education. My portion of tuition has been long paid off and my ex has not and will not pay. Were open I cant log in. Firstmark Services. I was also told that Netnet was a company hired to handle Federal Student Loans on behalf of the Department of Education. Some time ago, I was told by nelnet my loans do not qualify for the cares act interest rate freeze. I was curious about my student loans (which were unsubsidized & subsidized federal loans when I graduated school) & decided to try and login into my Nelnet account to see if there was any update on them. Sort. I assumed the were federally backed also. Seeking an attorney as soon as I type this. Nelnet denied me the application saying that I did not meet the qualifications for the program due to the years I received my loans. They broke my loans up into 4 different ones. According to a lawsuit, Firstmark Services failed to provide the plaintiff essential information on certain rights pertaining to electronic funds transfers. The interest accrual process is also criminal. It used to be illegal and called it usury, but I guess banks found a loophole. Yes please add me to the list. Sadly, I dread to see what Nelnet attempts to do to us once January 2021 rolls around and payments restart from the pandemic freeze. This field is for validation purposes and should be left unchanged. I feel cheated. Ive experienced this too. Social Services Specialist jobs 2,695 open jobs Social Service Worker jobs 2,666 open jobs Caseworker jobs 2,641 open jobs . Those looking for the lowest possible monthly payment may want to opt for a longer loan. Thank you! They will not remove it from my credit history. I thought they were with Department of Education too. I contacted Great Lakes and they told me that they do not own my loans, that they are privately held by another lender and only Nelnet can give me this information. How do you get through to Nelnet that he is TPD as we have contacted them multiple times with no resolution. So if they are not really federal then we can default. I signed parent plus loans for 3 children, and took out a student loan for my wife. I totally agree. My loan was from sallie mae and was bought out by navient and then nelnet. Ssa sent a letter stating i have?had no med. I was making $170 payments it was all going to back interest. I live in Indiana and financed my loan thru Sallie Mae. Ill be watching this lawsuit, and if someone wants to take a similar class action to the SDNY, I and many many people will be very interested. Im not sure how that is possible when they were federally funded when I went to school. When I did this, I discovered all my money going towards future payments. This applies to certain schools or educational service agencies that serve primarily low-income families. I called them and they said that they couldnt see anything wrong. Borrowers need to take the time to apply with a new lender and to set up payment information . I think they say I am paid ahead until sometime in 2023. I was told that my halfway consolidated loans were owned by the federal government and managed by Nelnet. I submitted my TEPSLF paperwork again 11/2021 to studentaid.gov, which their rep. confirmed as being received 01/2022 but nothing was done with that paperwork and no counts updated or even showed. M-F 7 a.m. - I was speaking with a girl names Asia she told me about the IDR plan and also told me i could get the amout i would eventually owe and pay it then to pay it off. I was told my loans were federal student loans and I thought they were until reading this article. Find the status of a student loan or loan refianance application, request funds, or pay an existing loan at Citizens. Its highway robbery. I always thought they were Dept. I to have student loan through nelnet and have heard the recording about being associated with the federal government, how do I get rid of this bs debt, add me please. Please add me to the class action lawsuit against NelNet. Please include me in this. Let us know in the comments below. I dont even know how I became associated with Nelnet, at some point I was led to believe that they are associated w Fed Student loans and they simply took over whoever previously had the loans, I have repeatedly requested to know where the loan originated and requested some other info as to how the status of my loan has changed and no one has been able to guide me or provide me with this information, Im thinking about hiring an attorney to investigate it. There is no end in sight. AND HOW CAN I GET IN WITH THIS LAW SUIT FOR MY INFORMATION BEING PREACHED ALL OVER THE PLACE. 10 Im in VABeach, Va.. please add /or direct me, I called Nelnet years ago to get help in addressing loans repayment during a difficult time. Nelnet is my student loan servicer. Why havent they shut down nelnet!! And I was told Nelnet was part of Govenment Direct Student loans. 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 borrowed around 40,000 have paid 60000 in interest and 34000 in principle and still owe 39000 how does that work. This stopped me from applying for debt collection student loan agencies bc I thought I wouldnt get hired. I can not figure out hot $32,040 equates to $7K. So it has been increasing in interest since 1989!! FYI: phone repersentives who have taken my complaints before escalating them to a higher department have admitted to me on several occasions that theyre aware that consumers are being scammed. Because it was a complete scam and my eyes. I am not happy; please include me in the lawsuit. Add me please, I had the loan before as well. I owe more than I when Nelnet bought my loans. I would like to be included in the lawsuit also. The representative on the phone stated that my loans were considered commercial even though I was led to believe they were Federal loans. The entire student loan process is a sham to benefit the lobbyist of colleges and higher education. of ED/Nelnet. I have a Nelnet account that is now in collections due to a mistake that they made. That college was shut down because of bad practices in 2001. Please sue the crap out of this company. My daughter was also duped by nelnet. I chose Nelnet because I thought they were federally backed and I would qualify to take the parent plus loans and move them to my daughter. SSA says that their administration(SSA) has been told NOT to give out BPQY anymore due to this company nelnet trying to use the SSA disability scale to forgive loans. Nelnet told me they are private loans and did not work for the CARES Act I too have been paying forever it feels like with little decrease. Please include me in this lawsuit. Switched over about a year ago. your claim status, claim form or questions about when payments are I was consolidated in 2004 to nelnet, dont quite remember doing that and now cant qualify for anything. 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 . They have seriously mislead us, Have received several calls and voicemails saying they are from the dept of ed. Wait, my loan wasnt backed by the federal government? Key considerations during the transfer. Can I be part of this CAS? I have loans subsidized and unsubsidized loans with them. Please help. This was back in 2003. I have between 31,000 and 32,000 dollars of student loans held by nelnet.Jacqlyn Jackson. I would greatly appreciate any information that could be provided that I could gain access to or create my own class action lawsuit. 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