Nelnet Student Loans: Benefits, Eligibility Criteria, Requirements And How To Apply?

Nelnet Student Loans: National Education Loan Network which is popularly known as Nelnet is the fourth largest company (after AES, Great Lakes, and Navient) for providing federal student loans. The company was founded back in 1978 and it is headquartered in Lincoln, Nebraska. Nelnet is serving around 6.6 million borrowers with more than $169 billion in debt. In addition to that, this company also services loans from private lenders via Nelnet subsidiary FirstMark Services.

Lately, Nelnet has also joined its undertaking with the Great Lakes in order to propose a big contract for creating a single platform for all Department of Education loan servicing in the United States. As a result, their entity as combined is known as GreatNet. Additionally, Nelnet has signed contracts with the U.S. Department of Education for managing the repayment progress of their borrowers. If in case you have Student Loans that have been serviced by Nelnet or you are planning to start it, then it would be a great option for you to understand its terms, benefits, and more. If you need more information about Nelnet Student Loans, then read the following information till the end.

Benefits of Nelnet Student Loans

Nelnet has great power for managing your student loans. Like many other loan servicers, Nelnet also processes loan payments, sends monthly bills, as well as helps borrowers select a repayment plan according to their needs and preferences. The Nelnet Student Loans also helps in dealing with requests for rescheduling or moderation. Moreover, the borrowers can also get loan forgiveness with Nelnet.

In addition, Nelnet has an all-inclusive web portal with strong options and instructions that splits the life cycle of student loans into three different stages i.e., in school, during the grace period, and the last one is the repayment process. Furthermore, it also comes up with a mobile application that can easily be accessed on your Android and iPhone devices. You can also sign-up for several features such as text alerts in order to avoid late payments.

Nelnet Student Loans

How to Get Started with Nelnet Student Loans?

It is very easy to get started with Nelnet Student Loans and it can be done in a few simple clicks. In order to make the process easy for you, we are going to list simple steps down below.

Nelnet Student Loans Eligibility Criteria

First, you need to qualify its eligibility criteria which are as follows:

  1. The applicant must be a citizen of the United States or they must have permanent residency status along with a valid Social Security number.
  2. It is necessary that the borrower must be registered at an eligible school enrolled with Nelnet Bank for the student loan period in question.
  3. You or your cosigner (if required) must have a good credit score which at least should be 680 or higher.
  4. The applicant’s legal age should be a minimum of 17 years old in order to enter into binding contracts as per your state/territory of residency.

Requirements for Nelnet Student Loans:

It is necessary for the borrowers or applicants to qualify for Nelnet Student Loans which we are listing below:

  1. During the application process, you have to provide your date of birth, Social Security number, and your complete current or previous address.
  2. The applicant must provide their annual income along with their housing expenses on a monthly basis.
  3. The candidate’s expected graduation date, education costs (estimated), and other school-related expenses amount will be asked during the process.
  4. You will be asked to mention your requested amount for Nelnet Bank private student loan in your application form.

Steps to Get Started:

Here are some simple steps that you need to follow correctly to apply for Nelnet Student Loans:

  • Step 1: First, you need to start your student loan application. Fill out the application by providing the required information in the form. You will also be asked about the school that you are attending or want to attend.
  • Step 2: Next, you should add a cosigner (if required). As soon as you have added your cosigner, the Nelnet specialist will send you an email in which they will be asking you to complete the application.
  • Step 3: At last, you and your cosigner have to select the loan offer which will best suit your situation. So, make sure to choose one of the best loan options from your available offers.

Nelnet Contact Information

There might be some situations where you may face a few troubles while accessing your Nelnet account, and in this situation, you need to contact their help desk number. If you have been serviced by the Nelnet student loan, then you can take help from Nelnet official representatives. Their representative will help you to solve your student loan-related queries or issues with specialized and expert guidelines. In addition to that, their office hours are open 24/7 and you can send your query to Nelnet’s email address which is

Also, if you want to contact Nelnet’s phone number, then you can dial their official number which is 1-888-486-4722. In addition to that, you can also send mail to their official Mailing Address: Nelnet, P.O. Box 82561, Lincoln, NE 68501-2561. The web portal of Nelnet is

Final Words

Nelnet is a renowned United States-based company that mainly deals in the administration as well as in the repayment of student loans and education financial services. It is a publicly-traded corporation having over fifty subsidiaries in the United States as well as in Canada. Nelnet holdings consist of Payment Spring, infiNet, First National Life Insurance, inTuition, and LoanSTAR, among a few more.

This firm is popularly known for providing a range of products and services such as customer service, modern technology, outsourcing, tuition payment plans, and planning tools for higher education, along with other education and enrollment-related services. This concludes our post about Nelnet student loans and we hope this article was informative for you. You can visit Nelnet’s official website to get more information in detail or to contact their official representative. You can also write down your question regarding the Nelnet student loan in our comment section. We will try to answer your query as soon as possible.