Nelnet does not negotiate student loan settlements for the loans it services. ... Its role is limited to processing monthly payments, repayment plan requests, forbearance/deferment requests, and loan consolidation applications.

Will student loans settle for less?

Federal student loan holders can accept settlement offers for less than these amounts, but it's rare. Alternate settlement offers require additional approval, either from within the organization or the Department of Education itself, as they further affect the loan's profitability.

Can you negotiate student loan monthly payments?

You could opt for a longer repayment term to reduce your student loan payments, and you might qualify for a lower rate that decreases your monthly payment, too. For example, if you had $30,000 in student loans at 7.00% interest rate, you'd pay $348 a month under a 10-year payment plan.