(Reuters) - Nelnet said on Jan. 19 it agreed to a settlement with the U.S. Education Department over an audit by the department's inspector general of a Nelnet portfolio of loans that were getting special allowance payments under a 1980s loan program that guaranteed lenders a 9.5 percent interest rate.
Under the settlement, Nelnet was allowed to keep $278 million worth of the payments that it had received before July 1, 2006, while foregoing additional subsequent claims.
Read more at Reuters.com Government Filings News
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