Company Description
Nelnet, Inc. engages in loan servicing, education technology services, and payment businesses worldwide.
The company operates through four segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank.
The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.
This segment also offers student loan servicing software; and business process outsourcing services primarily in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels, and processing and administrative services.
The Education Technology Services and Payments segment provides financial management services; school information system software; a donation platform; education technology solutions; and customized professional development and coaching, and advanced learning and educational instruction services.
This segment also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; learning management system; an integrated commerce payment platform; and a school management platform that provides administrative, information and financial management, and communication functions for K-12 schools.
The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates as an internet industrial bank.
It also offers investment advisory, investment, and reinsurance services, as well as engages in the real estate investment; and solar engineering, procurement, and construction businesses.
The company was incorporated in 1977 and is headquartered in Lincoln, Nebraska.
| Country | United States |
| Founded | 1978 |
| IPO Date | Dec 11, 2003 |
| Industry | Credit Services |
| Sector | Financials |
| Employees | 6,739 |
| CEO | Jeffrey Noordhoek |
Contact Details
Address: 121 South 13th Street, Suite 100 Lincoln, Nebraska 68508 United States | |
| Phone | 402 458 2370 |
| Website | nelnetinc.com |
Stock Details
| Ticker Symbol | NNI |
| Exchange | NYSE |
| Stock Type | Common Stock |
| Share Class | Class A Shares |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001258602 |
| CUSIP Number | 64031N108 |
| ISIN Number | US64031N1081 |
| Employer ID | 84-0748903 |
| SIC Code | 6141 |
Key Executives
| Name | Position |
|---|---|
| Jeffrey R. Noordhoek | Chief Executive Officer |
| Michael Sullivan Dunlap J.D. | Executive Chairman of the Board |
| Timothy Alan Tewes | President |
| James D. Kruger CPA | Chief Financial Officer |
| Terry J. Heimes | Chief Operating Officer |
| Matthew W. Dunlap | Chief Business Development Officer, President of Nelnet Financial Services and Director |
| Deeann K. Wenger | President of Nelnet Business Services |
| Phil Morgan | Director of Investor Relations |
| William J. Munn J.D. | Corporate Secretary, Chief Governance Officer and General Counsel |
| Emily R. Olinger | Chief People Services Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Apr 21, 2025 | 8-K | Current Report |
| Apr 3, 2025 | ARS | Filing |
| Apr 3, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Apr 3, 2025 | DEF 14A | Other definitive proxy statements |
| Feb 27, 2025 | 10-K | Annual Report |
| Feb 27, 2025 | 8-K | Current Report |
| Feb 11, 2025 | ABS-15G | Filing |
| Jan 31, 2025 | SCHEDULE 13G | Filing |
| Jan 31, 2025 | 8-K | Current Report |
| Nov 18, 2024 | SC 13D/A | [Amend] General statement of acquisition of beneficial ownership |