Student loan scandal costs students

By The Center for Public Integrity

Schools steered students toward "preferred lenders," who charged students inflated rates and bribed schools

Excerpts from this story referencing "Nelnet":

"… ompanies, including the eight largest in the country: Citbank, Sallie Mae, Nelnet, JP Morgan Chase, Bank of America, Wells Fargo, Wachovia, and College Loan …"

Lobbying showdown over the future of student loans

By Danielle Knight

Sallie Mae's plan to retain their majority share of the student loan industry? Lobbyists

Excerpts from this story referencing "Nelnet":

"… ing Citigroup's Student Loan Corp., based in Stamford, Ct., and, Nelnet, based in Lincoln, Neb., felt blindsided by the company's survival strateg …"

"… ncies with that role), and servicers of federally guaranteed student loans.Nelnet spent $300,000 on lobbying in the first half of this year, according to it …"

"… vocal opponents of the administration's proposal.Nelson's state is home to Nelnet, which employees about 1,000 people. The lender was the third largest cont …"

Some nonprofit student lenders accused of misconduct

Nonprofit lenders in at least 10 states ran afoul of state and federal rules between 1993 and 2008

Excerpts from this story referencing "Nelnet":

"… d an estimated $13 million worth of loans to for-profit student loan giant Nelnet, documents show. The deal also gave Nelnet the right to issue loans using …"

"… o for-profit student loan giant Nelnet, documents show. The deal also gave Nelnet the right to issue loans using the nonprofit’s name, and to operate its …"

"… provided free financial aid advice, often encouraged students to take out Nelnet loans. But it did not identify its affiliation with the for-profit to stud …"

"… cial officer, noted that his group has since terminated its agreement with Nelnet and adopted a code of ethics that includes a commitment to maintaining con …"