Nelnet Bank launches private student loan product

DRAPER, Utah, April 5, 2022 /PRNewswire/ — Nelnet Bank, an online bank providing student loan products for students and families, today announced the latest addition to its product line: Nelnet Bank Private Student Loans. Launched to offer students a new, flexible option to meet their financing needs, the loans will help borrowers meet education costs and achieve their education goals. In addition, Nelnet Bank leverages Nelnet Velocity, a new advanced loan origination and management solution, to ensure a fast and seamless process for applicants.

With a range of packages for undergraduates, graduates, MBA students, law students and medical students, Nelnet Bank Private Student Loans offers a competitive offer to help students fill gaps in financing their education, when federal loans are not enough.

Nelnet Bank Private Student Loans offer competitive fixed and variable interest rates, plus a menu of other features such as automatic debit forgiveness, co-signer release, and no upfront fees. Nelnet Bank is part of Nelnet (NYSE: NNI), an organization with over 40 years of experience servicing student loans, which means that every bank loan comes with expert advice and support.

“Nelnet Bank was born out of one of the most trusted names in student loans, so we’re uniquely positioned to help students and families successfully navigate college funding,” the chief executive said. of Nelnet Bank. Andrea Moss. “Our mission is to help families achieve their dreams through financial literacy and access to education, so this was a natural step forward in how we can help families plan and to pay for their studies.

In addition to providing education loan products, Nelnet Bank also aims to help students and families develop healthy spending and saving habits and make informed loan decisions when paying school expenses. ‘education. When borrowers and their families exhaust their federal student loan options, Nelnet Bank will be a place they can turn to for further education funding.

To learn more about private student loans from Nelnet Bank, visit NelnetBank.com/Private-Student-Loans.

About Nelnet Bank Nelnet Bank is an online bank that offers education loan products for students and families. Leveraging Nelnet’s expertise of over 40 years in student loans and services, Nelnet Bank serves a variety of markets including students, young professionals and higher education. The bank continues Nelnet’s commitment to our communities by creating scholarships for low-income students, providing local nonprofit leadership, and other direct investments in community development. Accounts are subject to approval. Nelnet Bank received an Industrial Loan Company (ILC) charter in 2020. Nelnet Bank, Member FDIC. Nelnet Bank is a subsidiary of Nelnet, Inc. For more information, visit NelnetBank.com.

SOURCENelnet Bank


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