Questions About Your Statement?
SEND PAYMENTS TO
Nelnet
Phone: 888.486.4722
Email: [email protected]
Online: Nelnet.com
P.O. Box 2970, Omaha, NE 68103-2970
Log In to Your Nelnet.com Account
With your online account you have 24/7 access to:
View your account summary
Make a payment
Explore options to lower or postpone your payments
Change your auto debit information
Total loan amount (principal and
interest) at the time this statement
was generated.
New Statements Are Here!
We've created a simpler way to provide your monthly student loan
and payment information. Explore details at
Nelnet.com/Statement-Overview.
Your Student Loan Account Details
Thanks for Your Payment
For This Month's Billing Cycle
You are currently enrolled in auto debit payments. This statement is
for your information only. Thanks for making your payments on time!
Account
Statement Date
Special Payment Instructions
D123456789
3/19/2017
Current Balance
Last Payment (Effective 5/26/2015)
You have the option to direct your payments (including partial
payments) to individual loans or loan groups, as a one-time or
recurring special payment instruction. Please refer to the Special
Payment Instructions section on the back side of this statement for
If you paid
than the amount due for a
moremore
details.
Amount and date of the most
$4,746.71
recent payment you made
on
your account.
$75.00
Regular Monthly Payment Amount
previous statement, any amount already paid for
this month will be shown here..
$155.60
Amount Already Paid for This Month
- $155.60
Past Due Amount (if applicable)
+ $0.00
Current Amount Due
Your regular monthly payment
amount minus any amount already
paid for this month. Also reflects
any additional amount owed if you
have past due payments.
$0.00
We encourage you to continue to make monthly payments even if your amount due is $0 because interest
may continue to accrue. Otherwise, your next payment is due on 6/9/2017. You can also avoid extra costs
by paying more than your current amount due to cover the amount of any outstanding fees (if applicable).
For more information, see the Will I Be Charged Fees section on the last page of this statement.
Next Auto Debit
If you’re signed up for auto debit, you’ll see this
confirmation.
$4,757.60 on 4/9/2017
Auto Debit
This amount may be different than the current amount due if you are paid ahead, are past due, or have
elected to pay an additional amount.If payment is not received by 4/24/2017, late fees may begin to be
assessed. Returned payments may be assessed a $5 fee.
If you are signed up for auto debit,
this shows you the amount and
date of your debit.
ENROLLED
Questions about your payment amount? See the Payments section on the back.
Please detach and send the bottom portion with your payment.
MAKE CHECKS PAYABLE (IN U.S. DOLLARS) TO: NELNET
If a check is returned unpaid for non-negotiable funds,
mayhave
be re-attempted
Ifityou
not signedelectronically.
up for auto debit,
this section shows your due date and
current amount due.
Amount Enclosed
$
Account
,
.
Check this box for change of contact information or if you have special
payment instructions. See reverse side.
D123456789
Current Statement Due Date
Current Amount Due
Please write your account number on your check or money order. DO NOT SEND CASH.
New address or phone number? Log in to Nelnet.com to update your information.
4/9/2017
$0.00
Nelnet
P.O. Box 2970
Omaha, NE 68103-2970
40411221406034201975 6 0000000 4
The
interest rate listed
is theNelnet.com
rate set by Congress,
Contact Us: Phone: 888.486.4722 Email:
[email protected]
Web:
Account Snapshot:
Loan Type
Original Principal Amount
Lender Name
Interest Rate
Daily Interest
Estimated Interest on 4/9/2017
Regular Monthly Payment Amount
Outstanding Principal Balance
Outstanding Fees
Estimated Payoff Through 4/9/2017
Repayment Plan
Payment Summary:
Principal Paid Through 3/19/2017
Interest Paid Through 3/19/2017
Fees Paid Through 3/19/2017
Amount Paid Through 3/19/2017
Total Amount Paid Since Last Statement
Applied to Interest
Applied to Principal
Applied to Fees
Fees Assessed Since Last Statement
Late Fees
Returned Payment Fees
Legal Fees
Billing Details:
Past Due Amount
Amount Due
Due Date
Correspondence Address: Nelnet, P.O. Box 82561, Lincoln, NE 68501-2561
minus any rate-reducing incentives you may have. For
those with variable interest, this could change each
year on July 1.
GROUP A
Amount of interest that accrues each day.
Outstanding interest, plus estimated amount of daily
interest that will accrue through the date noted. This
helps you determine how much of your monthly
payment goes toward interest.
GROUP B
STAFFORD UNSUB
STAFFORD UNSUB
$ 3,625.00
$ 9,260.00
EFS
NEL2002
Loans may
1.72%be grouped according to the
6.1005%
$
0.05
characteristics they have in common. For example, $ 0.56
$ 35.00
$ 439.18
loans of
the same type and lender may be grouped
$ 29.08
$ 266.52
together.
Note: the subsidized and unsubsidized $ 3,349.25
$ 995.40
$
0.00
$ 0.00
portions of a Federal Consolidation Loan are
$ 873.40
$ 3,875.43
grouped
together
because
they
are
two
parts
of
the
STANDARD
STANDARD
same loan.
Total payoff amount as of the date noted. After this
date, log in to your Nelnet.com account to view the
most current payoff amount.
Total amount that has been paid on your account
since your last statement was issued.
Penalty for Late Payments:
If Payment Received After
Late Fee May Be
$ 2,453.12
$ 307.64
$ 16.53
$ 23,567.29
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 7,520.51
$ 6,453.07
$ 90.59
16,126.17
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 13.24
8/9/2017
$ 0.00
$ 15.52
6/9/2017
4/27/2017
$ 0.00
4/24/2017
$ 0.00
The Amount Due and Due Date will reflect how
much and when your next payment is due.
Amount applied to principal on your loans since
your most recent statement.
Amount applied to interest on your loans since your
most recent statement.
When making a payment, you have the option to direct your
payments (including partial payments) to an individual loan or
loan group, as a one-time or recurring special payment instruction.
You may do this at Nelnet.com, by phone, email, or mail.
Please detach and send the bottom portion with your payment.
Payments
Update Contact Information or Submit Special
Payment Instructions
Ways to Pay:
Auto Debit and Online:
Phone:
Check:
Log in to your Nelnet.com account
888.486.4722
Mail your payment using the preprinted address on the front side of
this coupon.
Special Payment Instructions:
You have the option to direct your payments (including partial payments) and/or not advance your
due date. Contact us to direct your payment to an individual loan or group of loans, as a one-time or
recurring special payment instruction.
Log in to your Nelnet.com account to update your contact information online.
Fill out this form and return it to the address on the front
side if you want to provide special payment instructions.
You can also do this from your Nelnet.com account.
You can also use the blank box to let us know if your contact information has changed, or to submit special payment
instructions. Phone: 888.486.4722
Email: [email protected]
Mail: Send instructions (including your account number) using our correspondence address: P.O. Box
82561, Lincoln, NE 68501-2561.
You may also use the blank box located on the right to provide your special instructions.
Additionally, you may direct one-time payments to individual loan groups by logging in to Nelnet.com
and selecting Pay Now. If you want to direct future online payments to an individual loan instead of
directing to a loan group, you may request that your loans be ungrouped by contacting us at
888.486.4722.
I certify that I am the subscriber to the provided cellular or other wireless number and I authorize the school,
the lender, the guarantor, the department, and their respective agents and contractors to contact me regarding
servicing or repaying my loan(s) at any current and future numbers that I provide for my cellular telephone or
other wireless device using automatic dialing systems, artificial or pre-recorded messages, and/or SMS text
messages, even if I will be charged by my service provider(s) for receiving such communications.
Contact Us: Phone: 888.486.4722 Email: [email protected] Web: Nelnet.com
Correspondence Address: Nelnet, P.O. Box 82561, Lincoln, NE 68501-2561
Find important information regarding your Nelnet
account on the last page of your statement.
HOW ARE MY PAYMENTS ALLOCATED?
Unless you direct your payments to an individual loan or loan group, the default allocation method is followed. Payments are allocated first to any past due loan groups. If you do not pay the current amount due,
your payment will be allocated across the loan group(s) from most to least delinquent, in proportion to each loan group’s regular monthly payment amount, less any amount already paid for that month until
each loan group is at the same level of delinquency or all loan groups are up to date. Once all loan groups are up to date, payments are allocated across loan groups in an active repayment status, in proportion to
each loan group’s regular monthly payment amount, less any amount already paid for that month. After your current amount due is paid, your payment will be allocated across loan groups in proportion to each loan
group’s regular monthly payment amount, or in the case of no payment due (if your loans are not in repayment), in proportion to each loan group’s accrued interest. Once a portion of your payment is allocated to a specific loan
group, payments are applied to individual loans proportionally to fees first (if applicable), then interest, and then to principal. If you are on an Income-Based Repayment Plan, payments are applied to interest, then fees (if
applicable), and then to principal. Please visit Nelnet.com/how-payments-are-allocated for more information on payment allocation.
CAN I DIRECT PAYMENTS TO LOANS OR LOAN GROUPS?
Yes, you have the option to direct your payments (including partial payments) to individual loans or loan groups. See special payment instructions on the back of the payment coupon.
DUE DATE ADVANCEMENT.
While your loans are in repayment, each time you pay a loan group's regular monthly payment amount, we will automatically advance your next payment due date by one month. If you make a partial payment, your current
amount due will be reduced by the amount already paid for that month. If you are billed for $0.00 under an Income-Based Repayment Plan, repayments will not advance your due date into the future. You have the option to
instruct us to not advance your due date. See special payment instructions on the back of the payment coupon.
PREPAYMENTS.
We encourage you to continue to make monthly payments even if your current amount due is $0 because interest may continue to accrue on your outstanding principal balance. To maintain eligibility for borrower benefits and
repayment incentives, you may be required to continue making monthly payments even if your current amount due is $0. For more information about prepayments and how they qualify toward benefits, repayment incentives,
or loan forgiveness you may be eligible for, call us at 888.486.4722.
WHAT IS A LOAN GROUP?
If you have multiple loans, they may automatically be put in a group according to the characteristics they have in common. For example, loans of the same type and lender may be grouped together.
WHY IS THE AMOUNT DUE DIFFERENT?
Your current amount due may be higher if your payment last month did not cover the current amount due, your lower repayment plan has expired, or you are on a plan that increases your payment amount incrementally.
WHY IS MY PAYMENT $0.00?
If you receive a statement for $0.00 due, it may mean you have paid extra in the past that fully covered this month's payment amount, or your current repayment plan requires no payment at this time or you are just entering
repayment and no payment is due at this time. You can always pay more without penalty, which will reduce your total cost of borrowing and save you money in the long run.
If you are not required to make a payment this month, you won't be considered past due if you don't make a payment or pay less than your regular monthly payment amount. However, we encourage you to continue paying
as much as you can, because interest may continue to accrue on your outstanding principal balance.
REPAYMENT PLAN OPTIONS.
Assistance is available to help you lower or postpone your monthly student loan payments using a different repayment plan, deferment, or forbearance. You may be eligible for one or more of the following repayment plans:
Standard, Graduated, Extended, Income-Based, or Income-Sensitive. To explore options or make changes that could help you avoid default, call us at 888.486.4722 or log in to your Nelnet.com account. You can also visit the U.S.
Department of Education’s website at StudentAid.ed.gov to review solutions, including consolidation, to keep your student loans up to date.
During a deferment or forbearance, you are responsible for the interest that accrues on your loans. If you do not pay the accrued interest before your deferment or forbearance ends, it will be added to your outstanding
Principal balance (this is called capitalization), which will increase the overall amount you'll have to pay on your loan. To see how interest capitalization can affect your balance and the total amount of interest paid over the life of
the loan, visit Nelnet.com/Interest-Capitalization.
ADDITIONAL LOAN ASSISTANCE OPTIONS
You may have additional options for your student loans in certain situations. You may be eligible for one or more of the following: Bankruptcy Discharge, Disability Discharge, Stafford Loan Forgiveness Program for Teachers, or
Death Discharge. To explore options, call us at 888.486.4722 or visit Nelnet.com/Additional-Loan-Assistance.
AUTHORIZATION FOR ELECTRONIC DEBIT.
If you provide us with a check as payment, you authorize us to either use information from your check to make a one-time electronic transfer from your account or process the payment as a check transaction. When we use
information from your check to make an electronic fund transfer, funds may be withdrawn from your account as soon as the same day we receive your payment, and you will not receive your check back from your financial
institution. Payments returned due to non-sufficient funds may be re-attempted a maximum of one time.
WILL I BE CHARGED FEES?
Any payment not received within 15 days of the due date may incur a late fee of up to six cents for each dollar that’s late, as described in the terms of your promissory note. Your late fee is calculated based on the unpaid portion
of your regular monthly payment amount. We may also charge certain reasonable costs incurred in collecting the loan. Costs can include, but are not limited to, attorney fees and court costs. Returned payments may be
assessed a $5.00 fee.
If you are charged fees, they are not included in your current amount due. If fees have been assessed to your account, when you pay your current amount due, which includes the outstanding interest and
principal balance, your payment is first applied to your interest and fees and then to your principal balance. This reduces the amount of your payment applied to your principal balance, which could increase the
total cost of your loan. You may reduce this extra cost by paying more than your current amount due to cover the amount of your outstanding fees.
HOW DOES INTEREST ACCRUE?
Interest on your account is calculated using simple interest. Interest will accrue daily based on your outstanding principal balance. Visit Nelnet.com/faqs for more information on interest accrual.
HOW CAN I SEE MY REPAYMENT SCHEDULE?
You can find more details about your student loans on our website, including your current repayment plan and schedule of repayment. Create an account or log in to your account at Nelnet.com to access your student loan
information, or call 888.486.4722.
PRIVACY NOTICE.
Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at
Nelnet.com by clicking Privacy & Security at the bottom of the page, or we will mail you a free copy upon request if you call us at 888.486.4722.
ALTERNATIVE FORMATS.
Alternative formats of student loan documents are available by mail. If you are in need of assistance or interested in requested alternative formats, call us at 888.486.4722.
DELINQUENCY IMPACT.
If you do not pay the current amount due, every loan group may become delinquent, reported to consumer reporting agencies, and you could lose eligibility for borrower benefits and repayment incentives. We
encourage you to pay as much as you can, because interest accrues on your outstanding principal balance.
Nelnet is grateful to those who serve or have served, and we recognize the sacrifices you have made for our county. As a member of the U.S. military, you’re entitled to special benefits provided by the Department of Education
and the Department of Defense. To learn more about these benefits, visit us anytime at Nelnet.com/Military.