Nelnet
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| Public company | |
| Traded as | : NNI |
| Industry | Financial services |
| Founded | 1978 |
| Headquarters | Lincoln, Nebraska, United States |
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Key people
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| Website | http://www.nelnet.com/ |
Nelnet is a United States-based conglomerate that deals in the administration and repayment of student loans and education financial services. The company is headquartered in Lincoln, Nebraska.
The company provides a range of products through its subsidiaries that include; customer service for student loan borrowers, technology related to student loan customer service, outsourcing services for guaranty agencies, tuition payment plans, education planning, enrollment-related services and higher education planning tools.
Nelnet holds over $25 billion in student loans as of 2007, roughly one-third of all federally subsidized student loans currently held by students in the United States.
Nelnet was founded as the UNIPAC Loan Service Corporation in 1978 and renamed Nelnet in 1996.
Nelnet owns over 50 subsidiaries that administer and collect student loans throughout the United States and Canada, such as inTuition, infiNET, LoanSTAR, and TriCura Canada, Inc. Also through their subsidy, FACTS Management they own RenWeb, a school management program.
One of their lobbyists is Clark Lytle Gelduldig & Cranford.
Provides customer service for student loan borrowers, technology related to student loan customer service, and outsourcing services for guaranty agencies.
One of the main NDS lines of business is Proxi, a business process outsourcing company based in Lincoln, Nebraska and Aurora, Colorado.
NDS companies also include Nelnet Loan Servicing, Firstmark Services, GrantPro, Responsible Repay, and CampusGuard.
Provides education planning and enrollment-related services that give parents, students, and schools access to online educational resources and higher education planning tools.
Through NES, students can search for colleges and graduate schools, learn about admissions, find scholarships, prepare for tests, and more. In addition, NES helps colleges and universities recruit prospective students with interactive marketing strategies, enabling them to reach their enrollment goals.
NES includes Peterson's Interactive, Peterson's Publishing, EssayEdge, and Government Services.
NES used to include Sparkroom until January 31, 2016. As of February 1, 2016, Digital Media Solutions, DMS, bought Sparkroom from Nelnet.
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