First Mohela, now Nelnet?

by hedy on July 31, 2013

Education: Students Drown in Debt as Predatory Lenders Bank Billions (g1a2d0017c1)So, my undergraduate loans were sold to Mohela about 1 year ago. I got an e-mail yesterday saying that my Direct loans for grad school (both the Stafford and Graduate PLUS* loans) were sold to Nelnet. I have never heard anything good about them (and their gazillion soft credit pulls did not endear them to me). I’m a little annoyed-I only took out a PLUS loan because I wanted to aim for public service loan forgiveness, ha I known they would be sold to Nelnet, I might have gone private.
Anyone know anything good about Nelnet?
*Good news: I got a research position on campus, so I’ll be taking out fewer loans this year.

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{ 4 comments… read them below or add one }

Mariah August 3, 2013 at 10:42 am

You would still be eligible for Public Service Loan Forgivness with your loans having been transferred to Nelnet. We service loans owned by the Department of Education. If you need any additional information on the Public Service Loan Forgiveness you can visit http://www.studentloans.gov. Congratulations on your research postition!

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