Nelnet, Inc. (NNI)
NYSE: NNI · Real-Time Price · USD
102.78
-3.92 (-3.67%)
At close: Apr 4, 2025, 4:00 PM
99.88
-2.90 (-2.82%)
After-hours: Apr 4, 2025, 8:00 PM EDT

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.

Nelnet, Inc.
Nelnet logo
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
Timothy Alan Tewes President
Terry J. Heimes Chief Operating Officer
Matthew W. Dunlap Chief Business Development Officer, President of Nelnet Financial Services and Director
Michael Sullivan Dunlap J.D. Executive Chairman of the Board
Phil Morgan Director of Investor Relations
William J. Munn J.D. Corporate Secretary, Chief Governance Officer and General Counsel
Jackie Strohbehn President of Nelnet Campus Commerce

Latest SEC Filings

Date Type Title
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
Nov 15, 2024 144 Filing