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.
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...
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
https://www.bleepingcomputer.com/news/security/nelnet-servicing-breach-exposes-data-of-25m-student-loan-accounts/ Layoffs to follow?
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
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
"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
Have to satisfy the shareholders... https://seekingalpha.com/news/3792873-nelnet-inc-declares-0_24-dividend
"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
"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
What does this do to the SLAB schemes? https://www.thelayoff.com/t/1bRx8TVm
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
"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
We should do much better at Nelnet Inc
Here's a really good rap from a dude named Ramy. https://www.youtube.com/watch?v=C44O_GUtcQs
"The legislation follows similar actions taken by about a dozen states, including Connecticut and Illinois..." https://www.thelayoff.com/t/ZFbVDAN
"LINCOLN, Neb., June 10, 2019 /PRNewswire/ -- Nelnet, Inc. ("Nelnet (NNI)") (NYSE: NNI) today announced that certain of its student loan securitization issuers have commenced solicitations of consents (the "Consent Solicitations") from holders of... — read more
News and analysis of the student loan mess by Professor Richard Fossey https://www.condemnedtodebt.org/
"Other pages to watch the larger college meltdown include student loan servicers such as Navient, Sallie Mae, and Nelnet, private colleges such as Liberty University, internet lead generators such as QuinStreet and public universities such as... — read more
NAVI, SLM... https://seekingalpha.com/symbol/NNI/peers
What happens if Navient wins and Nelnet loses? https://www.usatoday.com/story/money/2017/05/22/trump-grant-student-loan-servicing-work-just-one-company/102004374/