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Showing posts from March, 2015

KwikPay and RenWeb -- Nelnet's malware exploits the student loan industry

Was your student loan debt acquired illegally?  How malicious is KwikPay?  The $133 Billion Dollar Questions... If your student loan balance is going nowhere, and if you use or have been enticed by your loan "servicer" to use a little piece of software called KwikPay -- you may wish to read ahead.  Especially if your intentions are to minimize the actual dollar amount of interest (or interest + principle) paid.  See:  http://www.huffingtonpost.com/2014/02/04/cfpb-student-loan-payment_n_4726052.html Background: doing a little research on something only tangentially related to student loans, I happened across a couple intriguing posts on reddit... have a read  here, here and here .  Immediately my intuitive hackles went up:  something is not right.   And thus the "little" research led to more research, and some pretty interesting discoveries.  First and foremost: be informed that any company that uses KwikPay or Renweb is, ...