Nelnet loses data of nearly 190,000 customers
Maricopa Community Colleges governing board approved a no-cost contract Tuesday with national student loan company Nelnet, which recently lost data for about 188,000 customers. The breach is said to have occurred when NelNet’s magnetic tapes filled with student loan data were lost during transportation from Denver. Azcentral.com reports:
The newly approved contract allows NelNet to charge a student a $20 convenience fee to handle tuition repayments in installments rather than one lump sum, if the student chooses to accept the service.
Read more: Colleges board OKs pact with student-loan company
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