Nelnet

Nelnet, Inc. engages in the provision of education-related products and services, as well as loan asset management. It operates through the business following segments: Loan Systems & Servicing, Education Technology, Services and Payment Processing, Communications, and Asset Generation and Management. The System & Servicing segment specializes in student loan portfolio and the portfolios of third parties such as loan conversion activities, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliations, and claim processing. The Education Technology, Services and Payment Processing segment provides products and services to help students and families manage the payment of education costs at all levels, as well as school information system software for private and faith-based schools that help schools automate administrative processes such as admissions, scheduling, student billing, attendance, and grade book management. The Communications segment is the operation of Allo Communications LLC which provides pure optic service to homes and businesses for internet, broadband, television, and telephone services. The Asset Generation & Management segment is the acquisition, management, and ownership of student loan assets. The company was founded by Michael S. Dunlap and Stephen F. Butterfield in 1977 and is headquartered in Lincoln, NE.

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Nelnet, Inc. engages in loan servicing and education technology, services, and payment processing. It operates through the following segments: Loan Servicing and Systems (LSS), Education Technology Services and Payment Processing (ETSP), Asset Generation and Management (AGM), and Nelnet Bank. The LSS segment focuses on servicing federally owned student loans for the department. The ETSP segment provides education and payment technology and services for K-12 schools, higher education institutions, churches, and businesses in the United States and internationally. The AGM segment includes the acquisition, management, and ownership of its loan assets. The Nelnet Bank segment focuses on the private education and consumer loan marketplace. The company was founded by Michael S. Dunlap and Stephen F. Butterfield on December 21, 1977 and is headquartered in Lincoln, NE.

MINNEAPOLIS, Aug. 3, 2021 /PRNewswire/ -- Pluralytics, a natural language processing startup that is the first system using AI to match corporate language with customer values, today announced that it is formally launching its ValuesFinder™ product and has raised over $1M in seed financing. The company also announced the following innovative, values-driven companies as enterprise customers in its Early Adopter Program: Speedway Motors, Nelnet Renewable Energy and two Fortune 500 companies.

Pluralytics Launches Revolutionary SaaS Platform to Ensure Companies Connect with Values-Driven Stakeholders in the Wake of the Social and Political Events of 2020

LINCOLN, Neb., July 23, 2021 /PRNewswire/ -- Nelnet Diversified Services (NDS), an experienced and trusted partner offering premier professional services and flexible, innovative technology solutions, announced that it completed System and Organization Controls (SOC) 1® and 2SM examinations by independent auditor BARR Advisory, P.A.

Nelnet's Velocity System Maintains Effective Security Controls According to Recent SOC 1® and 2(SM) Reports for New Loan System

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LINCOLN, Neb., June 22, 2021 /PRNewswire/ -- On the heels of its record-breaking year for solar investments in 2020, Nelnet Renewable Energy, a brand of Nelnet, Inc. (NYSE: NNI), is proud to announce the closing of its first solar tax equity co-investor fund for 2021.

Nelnet Renewable Energy and Six Co-Investors Complete $11.9 Million Solar Tax Equity Investment in the Northeast

LINCOLN, Neb., June 8, 2021 /PRNewswire/ -- Nelnet Campus Commerce, a division of Nelnet, Inc. (NYSE: NNI) a leader in secure payment technology in higher education, today announced the addition of Mike Rogers as national sales manager.

Mike Rogers Named New National Sales Manager at Nelnet Campus Commerce

LINCOLN, Neb., June 4, 2021 /PRNewswire/ -- Nelnet International, a leading provider of education and payment platforms, is proud to announce the second event in our Indonesian series of Nelnet International Education Leaders Forums.

Nelnet International Partners With Indonesian Thought Leaders To Explore The Future Of Education For Our Children

LINCOLN, Neb., May 13, 2021 /PRNewswire/ -- ALLO Communications has announced free 500 Mbps service and Wi-Fi router to households eligible under the Emergency Broadband Benefit Program, a new Federal Communications Commission (FCC) program.

ALLO Launches Program To Close Digital Divide

ATLANTA, May 11, 2021 /PRNewswire/ -- Maptician, the premier provider of intelligent space and occupancy management technology, announced today it has received an investment of $1.7 Million in funding led by Nelnet (NYSE:NNI).  Maptician's solution includes an interactive smart-map technology to visually manage the workplace and its occupants.

Maptician Secures $1.7 Million of Seed Round Funding

Shares of Nelnet (NYSE:NNI) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 293.55% over the past year to $2.44, which beat the estimate of $1.79.

Nelnet: Q1 Earnings Insights

LINCOLN, Neb., May 10, 2021 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $123.6 million, or $3.20 per share, for the first quarter of 2021, compared with a GAAP net loss of $40.5 million, or $1.01 per share, for the same period a year ago.

Nelnet Reports First Quarter 2021 Results

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Nelnet is considered a student loan play, and while that may be true, the true asymmetry in the risk-return profile comes from its technological divisions. Nelnet Business Services division is responsible for 20.40% of revenue, but is valued at $56.85 - $82.43 a share.

Nelnet: A Hidden Technology Gem

LINCOLN, Neb., April 5, 2021 /PRNewswire/ -- Nelnet Renewable Energy, a leading solar tax equity investor and fund manager, today announced the completion of a $9.9 million solar tax equity investment into a portfolio of projects in the Northeast with three co-investors.

Nelnet Renewable Energy Partners with Three Co-Investors to Complete $9.9 Million Solar Tax Equity Investment in the Northeast

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LINCOLN, Neb., March 24, 2021 /PRNewswire/ --  Nelnet International, a leading provider of high-quality education and commerce platforms, is proud to announce the launch of the Nelnet Education Leaders Forums in Indonesia.

Nelnet International Partners With Education Sector Leaders To Inspire The Future Of Education In Indonesia

The Nebraska company has compounded its book value per share at 17% since 2004.

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LINCOLN, Neb., March 1, 2021 /PRNewswire/ -- Nelnet (NYSE: NNI), a premier professional services company, and EKI-Digital, a quantitative digital transformation company, announced today a partnership aimed to transform how the government and financial services industry manage their...

Nelnet and EKI-Digital Partner to Deliver Premier Digital Transformation Management Services to Government and Financial Services Industry

LINCOLN, Neb., Feb. 25, 2021 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $235.0 million, or $6.10 per share, for the fourth quarter of 2020, compared with GAAP net income of $42.4 million, or $1.06 per share, for the same period a year ago. Net income, excluding...

Nelnet Reports Fourth Quarter 2020 Results

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LINCOLN, Neb., Feb. 10, 2021 /PRNewswire/ -- Nelnet Campus Commerce (NYSE:NNI) a Workday (NASDAQ:WDAY) Select software partner, today announced that it has achieved Workday Certified Integration status. Nelnet Campus Commerce provides customers with a seamless integration that connects...

Nelnet Campus Commerce Completes Workday Certified Integration

LINCOLN, Neb., Jan. 26, 2021 /PRNewswire/ -- Nelnet Business Services, a division of Nelnet, Inc. (NYSE: NNI), is expanding its church technology offerings with the recent acquisition of Catholic Faith Technologies (CFT), an online learning and formation platform company located in...

Nelnet Business Services Acquires Catholic Faith Technologies

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SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today it has entered into an agreement to sell its private student loan portfolio to investors, with Firstmark, a division of Nelnet (NYSE: NNI), assuming responsibility for servicing the portfolio upon the sale. Wells Fargo notified customers in September of its intention to exit the private student loan business. The company will continue to accept new student loan applications from existing private student loan c

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Nelnet's student loan portfolio will generate significant extra cash flows in the coming years, thanks to low interest rates. Nelnet has more than that: its education technology platform is a wonderful and valuable business.

Nelnet Is A Buy: An Asymmetric Risk/Reward Opportunity

LINCOLN, Neb., Nov. 5, 2020 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $71.5 million, or $1.86 per share, for the third quarter of 2020, compared with GAAP net income of $33.2 million, or $0.83 per share, for the same period a year ago. GAAP net income increased...

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