It has been a busy summer and fall is upon us. Lots has happened since June, so let’s dive in. After coming home from work one evening in August, my wife greeted me with two pieces of mail from Nelnet. My immediate response was to shake my head and groan, “What’s wrong now?”
In years past, receiving mail from a loan servicer meant one of the following frustrations occurred: 1. The servicer had not received a payment. 2. Interest accrued on a loan account; or 3. A loan account was transferred to another servicer.
After staring in space for a while, I reluctantly tore open the first envelope. I have included a picture of the letter below, click to enlarge if you wish.
In summary, the letter says that ACS owes me .01 and the student loan will be transferred to Nelnet. Yippee! ACS owes me a penny, thanks for the mini heart attack.
My interest is piqued at this point, I ripped apart the second envelop and expected to be another penny richer. To my surprise the second letter informed me that another loan was transferred from ACS to Nelnet, and I am owed $225!
Out of all the loan servicers I’ve worked with (University Accounting Services, Brazos, Fedloan, Nelnet, and ACS), ACS made the repayment process most difficult. Tax and income-based repayment paperwork always seemed to get lost with them.
So that’s my good news everyone! I am $225 closer to reaching my goal of repaying my student loans. Check out the updates below.
Now I only have 2 loan servicers to keep up with. Until next time everyone, fight on and keep my hometown Houston in prayers!