Waiving the last 5 payments after timely regular monthly payments are made during the life of the loan.
Waiving an additional 2 payments if the borrower signs up for KwikPay.
For additional borrower benefit information, contact Nelnet at 1-877-804-3603.
Selecting a Lender: Although you are not required to select a lender from our preferred lender list, we encourage you to do so to ensure timely electronic processing of loan funds to your student’s account at Mott. Choosing to borrow from a lender not on our preferred list will extend the processing time and receipt of funds for the loan due to the manual process involved with non-preferred lenders. If you choose to borrow from a lender not on our preferred lender list, please contact the lender directly to initiate the completion of an electronic loan application or Master Promissory Note (MPN) with them.