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Profile

Nelnet Inc holds student loans and engages in student loan servicing and tuition payment processing. The majority of company revenue is interest income from the student loans the company holds. Nelnet holds student loans that it originated under the Federal Family Education Loan Program before 2010. Because of the Health Care and Education Reconciliation Act of 2010, which authorized only the federal government to originate these loans, Nelnet cannot originate new student loans, but it can and does purchase existing loans from other lenders. Virtually all other company revenue comes from fees it earns by servicing student loans owned by itself and others, including the government, and tuition payment processing for over 1200 colleges and universities as well as nearly 11,000 K-12 schools.

Contact Information

Website: www.nelnet.com
Email: investorrelations@nelnet.net
Main Phone: +1 402 458-2370
Address: 121 South 13th Street
Address 2: Suite 100
State: NE
City / Town: Lincoln
Country: US
Postal Code: 68508

Issuer Information

Exchange: NYE
CEO: Jeffrey R. Noordhoek
Employees: 6199
NAICS: Consumer Lending(522291)

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