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
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
"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
Nelnet declares $0.24 dividend
Have to satisfy the shareholders... https://seekingalpha.com/news/3792873-nelnet-inc-declares-0_24-dividend
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
Navinet to be sole student loan servicer?
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/
Nelnet loses NEXTGEN bid
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
"Condemned to Debt"
News and analysis of the student loan mess by Professor Richard Fossey https://www.condemnedtodebt.org/
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
We should do much better at Nelnet Inc
Nelnet loses NEXTGEN bid
"The Looming Student Loan Servicing Crisis"
A Letter to the US Department of Education and Student Loan Servicers on Behalf of Student X
"Edugrift": Observations of Subprime College Lead Generator
Student loans dischargeable?
What does this do to the SLAB schemes? https://www.thelayoff.com/t/1bRx8TVm
Navient, FedLoan, Granite State out of Student Loan Servicing Game
Nelnet Bank gets D- for student loan refinancing
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
What Nelnet can learn from the collapse of University of Phoenix
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
Layoffs at a major student-loan company created 'panic' among some employees: 'People were being fired and removed without a word'
Student Loan Forgiveness
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?
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
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...
"Nelnet to reduce workforce by 560 associates in its Diversified Services division"
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.
Another 550 layoffs
Workers Expose Subprime College Crash in Real Time at TheLayoff.com
"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
Here's how competitors are doing...
NAVI, SLM... https://seekingalpha.com/symbol/NNI/peers
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
Buying and selling sh*t
"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