ALLO Fiber, a regional ISP based in Imperial, Nebraska, has laid off approximately 150 employees — around 9% of its workforce — across Nebraska, Colorado, Arizona, and Missouri due to financial strain and policy shifts in the federal Broadband... — read more
So sorry for everyone at ALLO who’s been affected
What’s ahead for those of us still here? Likely double the workload. It may sound harsh, but I can’t help feeling a little envious of those who were let go.
ALLO Fiber confirms dozens of employee layoffs across Nebraska
ALLO Fiber reduced its workforce by 9% across the six states it serves on Wednesday. The internet provider told 10/11 News that less than 70 employees in 40 Nebraska communities were affected. In an email acquired by 10/11, ALLO President Brad... — read more
Layoff at Nelnet
140 IT workers were laid off
As Layoffs Continue, Nepotism is Alive and Well at Nelnet
Mike and Matt are good people, but this is just weird and awkward. Why would you advertise this on Nelnet's social media? https://www.linkedin.com/posts/nelnet_nelnet-fathers-day-social-activity-7207398442686451714-PXPg/
I'm one of the lucky ones...
I was recently laid off from Nelnet. As someone mentioned in another thread, Nelnet is doing this slowly and methodically to avoid filing WARN notices, which would cause the media to find out. Over the last year+, Nelnet has let go of over 1,000... — read more
How will the Capital One-Discover Merger Affect Nelnet?
https://www.highereducationinquirer.org/2024/02/capital-one-discover-merger.html
The Student Loan Mess: Next Chapters?
https://www.highereducationinquirer.org/2024/02/the-student-loan-mess-next-chapters.html
Borrower Defense
How are the Borrower Defense to Repayment claims going?
More Layoffs?
There have quietly been additional layoffs at Nelnet since 500+ employees were let go last March. For example, a few weeks ago, several IT employees were told their jobs are being eliminated in January. Are any other areas of Nelnet seeing this too? — read more
Another 550 layoffs
https://seekingalpha.com/pr/19226138-nelnet-announces-reduction-of-staff-due-to-contract-changes-impacting-student-loan-servicing
Another Nelnet Terming
As of 11 am on today, Nelnet send emails to employees that are not located in brownsville, tx, near lincoln and omaha letting them know they have 60 days of employment left due to the FSA changing the way the federal clearance is completed.
"Nelnet to reduce workforce by 560 associates in its Diversified Services division"
https://seekingalpha.com/news/3925628-nelnet-to-reduce-workforce-by-560-associates-in-its-diversified-services-division
More layoffs
https://seekingalpha.com/news/3925628-nelnet-to-reduce-workforce-by-560-associates-in-its-diversified-services-division They just did layoffs barely 2 months ago...
White supremacist against student loan forgiveness...
Nothing like educated white supremacists to squelch this... https://www.msn.com/en-us/news/us/biden-s-student-loan-debt-forgiveness-plan-hit-with-lawsuit-over-racial-motive/ar-AA12BpDx?ocid=msedgntp&cvid=c0cedf0a7232428f93475e8dcfafeb01
Nelnet Servicing breach exposes data of 2.5M student loan accounts
https://www.bleepingcomputer.com/news/security/nelnet-servicing-breach-exposes-data-of-25m-student-loan-accounts/ Layoffs to follow?
Student Loan Forgiveness
https://seekingalpha.com/news/3877493-student-loan-forgiveness-to-impact-navient-more-than-nelnet-credit-suisse-says
Layoffs at a major student-loan company created 'panic' among some employees: 'People were being fired and removed without a word'
https://www.businessinsider.com/student-loan-company-nelnet-layoffs-mass-panic-jobs-debt-forgiveness-2022-6
More layoffs coming for Nelnet.
I'm a workforce analyst for Nelnet. My team had a meeting this morning with a post-holiday task: How much staff do we actually need with expected less volume through the rest of 2022. Can we close any centers? How many? Which ones? Cost now vs... — read more
Leaked email shows a major student-loan company just laid off employees as Biden's decision on debt forgiveness looms
https://www.businessinsider.com/nelnet-layoffs-major-student-loan-company-biden-debt-forgiveness-decision-2022-5
2022 Nelnet lay off
As of 5/22 nelnet has laid off employees (50+ or more ppl ) and told them they'd pay them for 2 weeks . They call the chopping block career opportunities. They are offering employment with other companies with no smooth transfer just an... — read more
Nelnet and College Meltdown 2.0
"Student loan servicers and private student loan companies (Navient, Sallie Mae, Nelnet), publishers and other edtech enterprises (Chegg, Barnes & Noble Education, Coursera, and Guild Education) are implicated or at least entangled in the mess. ... — read more
What Nelnet can learn from the collapse of University of Phoenix
https://www.highereducationinquirer.org/2022/01/how-university-of-phoenix-failed-its.html
Nelnet declares $0.24 dividend
Have to satisfy the shareholders... https://seekingalpha.com/news/3792873-nelnet-inc-declares-0_24-dividend
PHEAA out in 2022
"As the Biden administration seeks to reform the troubled student loan industry, FedLoan’s portfolio of 8.5 million loans will be carved up and dispersed over the coming year to four other servicers: Mohela, Navient, Nelnet, and Edfinancial... — read more
Nelnet Bank gets D- for student loan refinancing
https://educationdata.org/student-loan-refinancing
Navient, FedLoan, Granite State out of Student Loan Servicing Game
https://www.thelayoff.com/t/1d4mqyqm https://www.thelayoff.com/t/1cc5zVW4
SLABS
"Metaphorically, SLABS are like Soylent Green, the subject of the dystopian movie that came out in 1973 and portrayed New York City in 2022. It's not until the end of the film that audience is told that the food that people were fighting for... — read more
Student loans dischargeable?
What does this do to the SLAB schemes? https://www.thelayoff.com/t/1bRx8TVm
Debt Sentence
Student loan default is a traumatic, stigmatizing experience. Because of that, many working people keep the pain of their student loan problems to themselves. https://www.proquest.com/docview/2540743739?pq-origsite=gscholar&fromopenview=true
A Letter to the US Department of Education and Student Loan Servicers on Behalf of Student X
http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
"The Looming Student Loan Servicing Crisis"
https://www.americanprogress.org/issues/education-postsecondary/news/2020/10/13/491260/looming-student-loan-servicing-crisis/
"Edugrift": Observations of Subprime College Lead Generator
https://collegemeltdown.blogspot.com/2020/10/observations-of-subprime-lead-generator.html
Nelnet loses NEXTGEN bid
https://seekingalpha.com/pr/17827369-nelnet-issues-statement-regarding-department-of-education-nextgen-enhanced-processing
Nelnet loses NEXTGEN bid
https://seekingalpha.com/pr/17827369-nelnet-issues-statement-regarding-department-of-education-nextgen-enhanced-processing
SLABS (of Garbage)
"The issuers—student-loan packagers like Navient Corp. and Nelnet Inc.—do not want their bonds downgraded. The investors who own the bonds do not want them downgraded....You just extend the maturity date. If the bond matures in 2026, and you aren’t... — read more
Nelnet Inc
We should do much better at Nelnet Inc
just a little someting to make you feel guilty
Here's a really good rap from a dude named Ramy. https://www.youtube.com/watch?v=C44O_GUtcQs
Maine becomes the latest state with a 'Student Loan Bill of Rights'
"The legislation follows similar actions taken by about a dozen states, including Connecticut and Illinois..." https://www.thelayoff.com/t/ZFbVDAN