Is nelnet a private lender? Nelnet student loans are one of the many kinds of private student loans. Just like other private college loans, the terms and conditions to apply for these loans are fairly simple. They have a low rate of interest that makes them a suitable option for students who lack the funds to pay for college on their own.Is nelnet legit? Nelnet is 100% legit. They are a loan servicers to collect student loans. One thing you are forgetting, nelnet does NOT have to remind you to pay your student loans. Once you signed the MPN and receive the loan, it is your responsibility. They just did you a favor in contacting you out of good faith.What is nelnet payment? The Nelnet payment plan provides the opportunity to stretch payments over a period of months using a debit card, credit card or an electronic transfer of funds from a checking or savings account.What is nelnet student loans? Nelnet is a federal student loan servicer. The Department of Education (DOE) uses several companies to help borrowers manage their student loans. They act as the middleman between you and the lender. Nelnet, along with Navient and FedLoan, are the largest loan servicers.