Amanda Stevens, on behalf of herself and all others similarly situated, v. Nelnet Servicing LLC

Case No. CC-06-2025-C-523

(Circuit Court of Cabell County, West Virginia)

Legal Notice

NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION

THIS IS NOT A SUIT AGAINST YOU. The purpose of this website Notice is to advise you that a Settlement has been reached in a class action lawsuit against Defendant Nelnet Servicing LLC, currently pending in the Circuit Court of Cabell County, West Virginia.

The lawsuit alleges that Defendant improperly calculated and misrepresented monthly amounts due for West Virginia student loan borrowers. Defendant denies that it acted improperly or did anything wrong and maintains that it always complied with both federal and state law. Defendant has agreed to the Settlement solely to avoid the burden, expense, risk, and uncertainty of continuing the Lawsuit.

A total Settlement Fund of $325,000.00 (“Settlement Fund”) will be established to provide compensation to Class Members. You may be entitled to receive a share from the Settlement Fund. A portion of the Settlement Fund will also be used to fund payments to Class Counsel and the Class Representative, as well as the costs of administering the Settlement. Your legal rights are affected whether you act or don’t act, so read this Notice carefully.

You may review a copy of the Class Settlement and Release Agreement, Class Action Complaint, and the Court’s Order Preliminarily Approving Settlement on the Important Documents page of this website, or by requesting copies from the Settlement Administrator, whose contact information is disclosed on this website.

SUMMARY OF YOUR OPTIONS IN THIS SETTLEMENT

Do Nothing and Receive Payment

To accept the Settlement, you do not need to do anything. If the Settlement Agreement is approved, you will be bound by all of its terms, and a check will be mailed to you. If you change your address, please inform the Settlement Administrator at the address or telephone number disclosed on this website; OR

Exclude Yourself by the Deadline

Deadline: September 7, 2026

You may “opt out” and exclude yourself from the Settlement. If you opt out, you will not receive any cash payment, and you will not release any claims you may have against Defendant. If you opt out, you will be free to pursue whatever legal rights you may have by pursuing your own lawsuit against Defendant at your own risk and expense. To exclude yourself from the Settlement, you must mail a letter to the Settlement Administrator (address listed on Key Parties and Contacts page of this website) stating that you wish to do so. Your letter must: (a) identify the case name; (b) identify the name and address of the person requesting exclusion; (c) be personally signed by the person requesting exclusion; and (d) contain a statement that indicates a desire to be excluded from the Settlement Class, such as “I hereby request that I be excluded from the proposed Settlement Class in the Action.” You must postmark your letter no later than September 7, 2026; OR

Object to the Terms of the Settlement Agreement

Deadline: August 26, 2026

If you are a member of the Settlement Class, you have the right to object to the terms of the Settlement. If you object to the Settlement, you must file your Objection together with any Notice of Intention to Appear with the Court by August 26, 2026. Your Objection must include: (a) the case name and number; (b) the name, address, telephone number of the Settlement Class Member objecting and, if represented by counsel, of his/her counsel; (c) the basis for objection; and (d) a statement of whether he/she intends to appear at the Final Approval Hearing, either with or without counsel. You must serve copies of the foregoing and all other papers in support of such objection(s) upon the Court and all Parties listed in the Key Parties and Contacts page of this website.

Send Opt-Out Requests To:

SETTLEMENT ADMINISTRATOR

P.O. Box 673

Charleston, WV 25323

1-(888)-925-4968

LONG FORM NOTICE OF CLASS ACTION SETTLEMENT

The Court-Approved Long Form Notice is available by clicking here.

Dates of Importance

  • Opt-Out (Exclude Yourself) Deadline:

    September 7, 2026

  • Objection Deadline:

    August 26, 2026

  • The Court’s Fairness Hearing:

    September 23, 2026. At 10:00 a.m.

    Courtroom of the Honorable Sean K. Hammers,

    750 5th Avenue, Huntington, West Virginia, 25701