Nelnet special allowance to be audited

June 20, 2005, 12:00 a.m. EDT 1 Min Read

Nelnet Inc., announced last week that it has been contacted by the Office of the Inspector General of the U.S. Department of Education to schedule an audit of the portion of the company's student loan portfolio receiving a 9.5% special allowance. The company has been open with its communication regarding its portfolio of loans that qualify for the special allowance under this provision, is confident in its business practices, and believes it has billed for these special allowance payments in accordance with applicable Department of Education guidance, statutes, and regulations.

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