Complaint / review text:
I consolidated 3 student loans in 2005 totalling 50,000 with Nelnet Inc. The interest rate on 2 of the loans was 3.13% and the other was 6.7%. I had one brief deferrment and the interest was capitalized which added another 3,000 to the loan. To date, after $16,000 in payments the balance on this loan is still $53,000.
I wasn't paying close attention and I was seriously ripped off. Do not use NELNET to conolidate your loans. I am happy to say, I am taking out a personal loan at 4% interest, fully amortized to pay this loan off.