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Nelnet Bank Steps Up for Graduate Students Facing New Borrowing Challenges

  • Federal Grad PLUS loans are scheduled to phase out for new borrowers starting July 1, 2026.
  • Nelnet Bank reports a significant increase in inquiries from graduate students seeking alternatives to Grad PLUS loans since January 2026.
  • Eligible borrowers can apply for Nelnet Bank Graduate Student Loans ranging from $1,000 up to their school-certified cost of attendance.
  • The loans offer multiple repayment options & a streamlined application process to support students during & after their studies.
  • Scott Hollon, Director of Education Loans at Nelnet Bank, emphasizes the goal of providing clear information & flexible financing to help students navigate the changing landscape.
  • Nelnet Bank is a digital bank based in Draper, Utah, backed by Nelnet, Inc., which has over 45 years of experience in student lending.
  • Nelnet Bank is an FDIC member offering transparent financial products & human support to simplify the borrowing experience.