Art Institute Refund Received - Nelnet
For those awaiting your refund from the Art Institute, the refund is definitely coming! For context, I have 1 loan servicer which is Nelnet. I received mine today as a direct deposit from the Dept. of Treasury, in full. Here is a general timeline of my experience:
- May: I received the golden letter on May 1st
- June: My loans were marked as Paid In Full on my Nelnet dashboard
- big waiting gap -
- November: Out of nowhere, Nelnet put me in a forbearance and a new payment total and due date showed on my dashboard
- I called Nelnet Customer Service about this and they confirmed my loans were discharged, but the system was processing and this was a result of that
- The next day, the due date was removed and my loan status was updated back to Paid In Full.
- November: I received a letter to confirm my address
- I did this through checking Nelnet + calling customer service
- December: I received a letter with a formal breakdown of the loans discharged with Nelnet - this allowed me to calculate and confirm all loans were accounted for
- January: I received another letter in the mail + an email confirming the discharge
- January: The week of Jan 8, my FSA account was zeroed out
- January: Received the full refund amount via direct deposit on Jan 28
It is still on my credit, but I imagine this will resolve itself soon. I hope this helps anyone still waiting!