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Nelnet Student Loans

You have big dreams. We want to help them come true. U-fi From Nelnet helps you meet educational costs and achieve educational goals.

Student Loans

U-fi From Nelnet has undergraduate, graduate, MBA, law, and health professionals loan options.

Variable rates as low as:

1.29 %


Fixed rates as low as:

3.34 %


Rates listed above include an interest rate reduction for eligible applications and enrollment into auto debit 1

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See your rate in minutes without affecting your credit score.

Three Easy Steps

  1. 1

Start Loan Application

  1. 2

Add Cosigner (if required)

  1. 3

Select Loan Offer

A Note About Private Loans

Before taking out a private loan, make sure to take advantage of any federal student loans, grants, or scholarships you have access to. Federal student loans often include benefits and lower interest rates, so be sure to consider all of your options before applying for a private loan.

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Why U-fi From Nelnet?

Student loans can cover costs that aren’t met by federal funding. No matter which stage of higher education you’re in, we’re here to help. Offering low rates, no origination fees, and multiple repayment options, U-fi From Nelnet supports the diverse needs of today’s student borrower.

Auto Debit Savings

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Cosigner Release

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Flexible Repayment Options

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What U-fi From Nelnet Customers Are Saying

Why Would I Want a Cosigner?

Cosigners help you qualify for student loans and may help reduce your interest rate. As a student, it’s likely you’ll need a trusted individual with a solid credit score to act as your cosigner.

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Frequently Asked Questions

A cosigner is a creditworthy person willing to assume responsibility for loan liabilities if the borrower fails to repay the loan. Applying with a cosigner may help you qualify for a loan and also lower your interest rate. Cosigners must be eligible U.S. citizens or permanent residents.

  1. U.S. citizenship or permanent residency status and possession a valid U.S. Social Security number. U-fi From Nelnet Student Loans are currently available in all U.S. states except Vermont.
  2. At least half-time enrollment at a U-fi From Nelnet eligible school for the loan period in question.
  3. Annual income of at least $36,000
  4. Neither borrower nor cosigner can have previously defaulted on a student loan
  5. Neither borrower nor cosigner can have filed for bankruptcy in the past seven years
  6. Have a credit score of 680 or more.

You should make sure to exhaust lower-cost federal borrowing options before you turn to non-federal student loans like ours.

  • Minimum loan amount: $1,000
  • Maximum loan amount: $125,000
  • Minimum loan amount: $1,000
  • Maximum student loan limit:
    • Graduate and doctorate: $175,000
    • MBA or graduate law degree: $175,000
    • Graduate health professions degree: $500,000

Some of your repayment options include:
  • Immediate repayment (you'll be required to make full principal and interest payments as soon as the loan is disbursed).
  • Interest-only repayment (you’ll make interest-only payments while in school).
  • Defer principal and interest payments (you won’t be required to make any payments until after you graduate).
  • Repayment terms from 5-15 years.

To qualify for a U-fi From Nelnet student loan you’ll need to:
  • Be an undergraduate or graduate student enrolled at least half-time at an eligible institution.
  • Be a U.S. citizen or permanent resident, or have a qualified cosigner who meets those requirements.
  • Pass a credit check and provide proof of income, or have a qualified cosigner who meets those requirements.

Short answer? It depends on the type of loan. Longer answer? Federal Direct Loan interest rates are determined each year by the U.S. Congress. Private loan interest rates are set by private lenders (like U-fi From Nelnet) using a financial index.

You’ll need to contact your student loan servicer or private loan lender to start the deferment process – keep in mind that you’ll still accrue interest while your loans are deferred.

When you drop below half-time status, your six-month grace period with U-fi From Nelnet will begin. If you decide to return to school before that six months is up, you can extend your grace period for another six months after you graduate.

U-fi From Nelnet offers three repayment options: Immediate Repayment (you’ll make payments on principal and interest right away), Interest-Only Repayment (you’ll make interest-only payments while in school and in grace), and Deferred Repayment (you’ll delay all required payments for up to 78 months, plus your grace period).

With U-fi From Nelnet, the fastest option is Immediate Repayment, since you’ll be making a higher payment each month, but paying less in interest over time.

Your cosigner should be a trusted individual who has strong credit, a reliable annual income (at least $36,000), and is a U.S. citizen or has permanent residency status. Your cosigner can be released from the loan after 24 consecutive on-time payments have been made.