Nelnet controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2010
Settlement of student-loan subsidy litigation
Nelnet settled a $55 million case brought by former Department of Education researcher Jon Oberg. The litigation alleged that Nelnet and other lenders had improperly obtained federal student-loan subsidies.
2007
Investigation into alleged student-lending inducements
New York Attorney General Andrew Cuomo investigated Nelnet and other education lenders over allegations involving deceptive lending practices, kickbacks, improper inducements, and gifts connected with colleges and universities.
2007
Dispute over federal loan-interest audit
A Department of Education audit concluded that Nelnet had used a federal tax and loan-interest provision to obtain an additional $278 million from taxpayer-supported loans. Nelnet disputed the finding, and the Department ultimately allowed the company to retain the amount.