O Nelnet Education Loan Network is based in Lincoln, Nebraska and is among the top 12 companies with the largest asset of student loans. In fact, it is one of the only private company offering federal student mortgages.
With many companies in other credit institutions provide loans to large state university for students who want to pursue a quality higher education, Nelnet has been very competitive, not only because of the mortgage products they offer, but on loan from other services also .
Nelnet Student Loans - Stafford
Nelnet is a pair of private enterprise, offering government loans to students. Federal loans have lower interest rates compared to private lenders. They offer both subsidized and unsubsidized loans with a fixed rate of 6.8% on subsidized loans and an interest rate ranging from 3.4 to 6.8% for subsidized loans. The unsubsidized loan does not require the student to pay interest while in school, while soft loans do not require them to pay the capital until they complete their studies. These loans can be extended from 10 to 25 years without additional fee. As any student loan the student a grace period of 6 months before the first bill starts to come into
Nelnet Student Loans - Parent PLUS
This loan is given to students pursuing higher education or parents who have dependent children to attend college. Unlike Stafford loans have a fixed interest rate of 8.5%. It also has a grace period of 6 months before the first payment is due. The loan term varies from 10 to 25 years. You can enjoy this when you have no other federal education grants. Credit checks are performed, and in case if you have a low credit score, apply with an endorser can help.
Nelnet also extend services such as consolidation of student loans for students with difficulties in managing the various loans they have incurred.