You have the option to request that one-time online payments not advance your due date more than one month. After 12 months, they are deleted. Cookie Notice To determine your eligibility, log in to your Nelnet.com account. Register for an account to access your loan information, make payments, and explore repayment options. If you have specific questions regarding fees, contact us. A payment made online, over the phone, or through check/money order sent by you or your bill pay provider is posted effective on the date of receipt. Click Log In to sign in to your account. To determine the total amount of interest paid for all of your loans, add the amount you paid for each account. Although Parent PLUS Loans dont have a grace period, borrowers with PLUS Loans disbursed on or after July 1, 2008, might be eligible to postpone payments while the parent or student is in school and up to six months after graduation or when they drop below half-time enrollment status. WARNING This system may contain government information, which is restricted to authorized users ONLY. You may also contact Nelnet. For that reason, it's important not to delete messages you might need later. You would like to allocate excess payments across all loan groups in repayment status, instead of targeting the loan(s) with the highest interest rate. To learn more about the various repayment plans you may be eligible for, log in to your Nelnet.com account and click Repayment Options. Yes, Nelnet will send you an email notification that a refund is in process. If your payment is not enough to pay your loan(s) in full, the payment will be applied to your loan(s) as payments normally are, and you will continue to receive billing statements from Nelnet until you make the payment(s) that pays the loan(s) in full. Click the mobile alert icon on your dashboard and enter your 10-digit phone number to enroll. If you were set up as a paper check refund in BankMobile, you will need to change to an ACH deposit into a bank account you have access to, or obtain a reloadable debit card such as an American Express Bluebird card (available at a minimum charge at Walmart) or any other reloadable debit card. How do I select a Refund Method? If you would like to make payments online for your co-signed/endorsed loan(s), the primary borrower may add you as an authorized payer a person the primary borrower designates who can view account details and make student loan payments on the primary borrowers behalf. To [enroll in/cancel] eCorrespondence: If you choose to opt out of eCorrespondence, please remember you can opt back in at any time. The loans that qualify are Federal Family Education Loan Program (FFELP) Loans, Perkins Loans, and Direct Loans, and also the Teacher Education Assistance for College and Higher Education (TEACH) Grant service obligations. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. To verify, log on toyour Nelnet.com accountor call us at 888.486.4722. You can log in to your Nelnet.com account to verify upcoming payment due dates and payment amounts. Note: A payment made online or over the phone must be submitted by 4 p.m. (Eastern) on a business day to be effective the same day. You will need to create an account with Nelnet and then enroll in a refund method so that you will be prepared to receive any future refunds. You can reach each consumer reporting agency by clicking the name below. If you made the payment between March 13, 2020, but before the end of the payment pause in 2023, it is eligible for a refund. This adding of the outstanding interest to the principal is known as capitalization. Look for the payment amount and the date of your payment. If you need further assistance, please check the FAQs below or call 888-425-1138. about Give Students Options with Nelnet Refunds. Periods when your loan(s) is not in repayment due to school enrollment, a grace period, a deferment, or a forbearance do not count toward your repayment term. and our Update your contact information, and then click Save Changes. To learn more about how making payments while you are in school helps you pay less interest over the life of your loan, see What Does It Mean That Interest Is Capitalized?. If your student loans aren't discharged in your bankruptcy case, the student loan servicer will resume collection efforts once the case is over. Note: If you delete a message from your inbox, there is no way to restore it. While you arent required to make payments while youre in school, youll save money on interest in the long run if you do. Nelnet Financial Solutions is an industry leader partnering with schools to provide refunding and payment services. 9/30 - Checked my account and there was the money (refunded by the Dept of Treasury). Here are some important tips about Authorized Payers: Nelnet provides email notification of statements and correspondence in a Nelnet.com account only to primary student loan borrowers. However, we encourage you to continue paying as much as you can, because interest may continue to accrue on your outstanding principal balance. Regulations require us to contact you by phone and through mail until your account is up to date. Communications via text/email to the student about their refunds are prompt and provide authentication security. In general, to pay less interest over the life of your loan(s), you can make payments toward your student loan when they arent due (when youre in school, in your grace period, or in a deferment period). You may prepay your loan at any time without penalty, regardless of repayment plan. To apply for a deferment or forbearance, log in to your Nelnet.com account, and then click Repayment Options. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Click on the Nelnet icon labeled "Student Choice Refunds." This will direct you to the Nelnet site. Privacy Policy. If youre enrolled at least half time at an eligible school and arent currently required to make payments, Nelnet wont send you a monthly billing statement. In part, this is because we need to make certain we only discuss account details with the correct parties associated with your loan(s). After creating an account, select Manage Refunds to Enroll in a Refund Method. . You also can visit the office of Federal Student Aid's website at StudentAid.gov to review other options, such as consolidation. Click My Info and Preferences, update your information on the Personal tab, and then click Save Changes. Discover how our solutions support your entire campus. You may be able to deduct some or all of your paid interest from your income on your tax return, which could reduce the amount you owe in federal income tax. Students can choose how they receive their refunds: through ACH, prepaid card, or paper check. For more information about qualification requirements, see Repayment Plans You can also log in to your Nelnet.com account to find out if you're eligible. Yes, you can change your Refund Method through your Nelnet portal. What if have additional questions? Associate Bursar For more information on how payments are allocated to your student loan(s), see How Payments are Allocated. After logging in with your username and password, select Documents so you can quickly and securely view your billing statements and other correspondence online. Your statement is just a snapshot of your account. If you were set up as a direct deposit refund in BankMobile, you will have to re-enter that information into the Student Choice portal to continue getting your refund deposited into your existing bank account. back. Your late fee is calculated based on the unpaid portion of your regular monthly payment amount. If you would like to view or change your correspondence preference, log in to your Nelnet.com account. If you have any trouble making your payments, please contact us immediately to explore your options. Making a late payment could impact your credit history, so let us know immediately if you have trouble making a payment we can help! Student loans are rarely discharged in bankruptcy. Nelnet Campus Commerce can also assist you with the status of your refund. For more information about the way payments work, see How Payments Work. The result then can be multiplied by a specific number of days to determine how much interest would accrue in a specific time frame (for example, for a 30-day month). You will receive notification via post office mail or email depending on the preference you selected in your Nelnet.com account. To learn more about how interest accrues and capitalizes, and how to minimize the interest you pay, see What Does It Mean That Interest Is Capitalized?. The first step is to track down which payments you want to have refunded. You can find your final loan payoff amount: To get a payoff quote for an individual loan, contact us. You can always make additional, one-time payments at any time by logging in to your Nelnet.com account or mailing payments to the address on your monthly billing statement. Additionally, when you sign up for auto debit, you may be eligible for a 0.25% interest rate reduction * while your account is in an active repayment status. You can verify your address, due date, and payment amount any time by logging in to your Nelnet.com account. Select the My Finances tab, and View Details. As financial aid is credited to your account, it is applied to all the charges that exist on your account. Why don't I qualify for the Income-Driven Repayment (IDR) Plan I applied for? Upgrade your campus shops with this touchscreen countertop device. The maximum length of your deferment or forbearance depends on your situation, the type of deferment or forbearance you applied for, and the attributes of your loan. * The U.S. Department of Education does not assess late or returned payment fees. For additional questions or assistance, please contact the Blinn College District Business Office at 979-830-6498 or refunds@blinn.edu. You only have to sign up once to have all of your monthly payments made automatically. If you want your payments to allocate differently, you can direct payments (including partial payments) to individual loans or groups as a one-time or recurring special payment instruction. All payments made online and by phone must be submitted by 4 p.m. (Eastern) on a business day to be effective the same day. You'll need to validate your identity by providing your Social Security number and birth date. You can contact a representative at 800-609-8056. A temporary password will be sent to the email address on file for your account. If your situation hasn't changed and you require more repayment assistance, log in to your Nelnet.com account, and then click Repayment Options to review additional options that may be available to you. There are still many FFELP loans in existence, but since July 2010, no new FFELP loans are being made. IMPORTANT: During a deferment (depending on the loan type) or forbearance, you are responsible for paying the interest that accrues on your loan. 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