Nelnet - Dirty Student Loan Lobby
According to the report Nelnet was lobbying against legislation affecting the student loan industry that would require clearer disclosure of rates and terms on private-student loans and require a 30-day comparison shopping period after loan approval, during which time the offer terms could not be altered.
So basically Nelnet was lobbying against legislation that would hinder their ability to make misleading statements to borrowers. They want to continue to trick people into higher interest rate loans and other catch 22 practices.
Additionally records do not indicate that Nelnet filed a lobbying disclosure for the first half of 2007 which is required by law. If that's not enough Nelnet is the same company that settled in 2007 with the New York Attorney General's office following the famous investigations involving conflicts of interest in student loan lenders (they were giving kickbacks to college administrators and alumni for steering borrowers their way).
We told you it was dirty.....
