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Nelnet reaches out to Hurricane Katrina victims
Immediately following Hurricane Katrina’s destruction, Nelnet announced it would automatically provide forbearance on student loans for borrowers in the impacted areas. Nelnet also initiated an employee giving program to support the American Red Cross Hurricane Relief Fund, providing a 100% match to donations received from its associates. In addition, Nelnet set up a $250,000 fund to distribute 1,000 Visa® gift cards nationwide to displaced college students. In total, Nelnet has donated more than $400,000 to the Hurricane Katrina disaster recovery efforts, including an initial contribution to the American Red Cross of $10,000.
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Press releases
News articles
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Nelnet hands out a record number 146 Visa® gift cards to
Louisiana Tech students.
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“Instead of trying to get in touch with the Red Cross for three hours, Nelnet came looking for us and went above and beyond in order to give out money,” said Southern University at New Orleans student Patrick Bowman.
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Nelnet distributes Visa® gift cards to displaced students at the
University of Houston.
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“The students were very overjoyed and thrilled to receive a financial blessing from the Visa® cards provided by Texas Southern University through the sponsorship of Nelnet. My heart was overfilled with joy to see how a gift could make such a big difference.” From Linda Ballard, Assistant Director of Financial Aid at TSU.
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James Singleton (right), Community Liaison for Rep. Sheila
Jackson Lee (D-TX), visits Texas Southern University; a recipient displays her Nelnet Visa® gift card.
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