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Nelnet says data on student loans has gone missing
NEW YORK, July 17 (Reuters) - Student loan company Nelnet Inc. (NNI.N: Quote, Profile, Research) said on Monday that a computer data tape containing the personal information of approximately 188,000 customers has gone missing.
The tape, in the possession of United Parcel Service (UPS), included data on loans serviced by Nelnet that were previously serviced by the College Access Network (CAN) between Nov. 1, 2002, and May 31, 2006, the Lincoln, Nebraska-based company said.
© Reuters 2006. All Rights Reserved. .
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MyRichUncle(TM) Advises Students and Parents on Critical Student Loan Decisions
For the nearly eighteen million students estimated to be attending colleges and universities across the country this fall, studies show that up to 90 percent will need some kind of financial aid assistance to foot the bill. MyRichUncle(TM), the student loan company focused on shifting the industry to work in the best interests of the student, has been originating private student loans for over one year, and just recently announced its offering of Federal Student Loans, with an immediate interest rate reduction at repayment of one to nearly two percent versus all other national providers.
"We have received a tremendous amount of attention and feedback regarding our federal student loans. The most interesting, though, is the notion that we've started a price war," said Raza Khan, president and co-founder of MyRichUncle.