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About
Nelnet, Inc. engages in the provision of educational services in loan servicing, payment processing, education planning, and asset management. It operates through the following segments: Student Loan and Guaranty Servicing; Tuition Payment Processing and Campus Commerce; Asset Generation and Management; and Telecommunications. The Student Loan and Guaranty Servicing segment focuses on student loan servicing, student loan servicing-related technology solutions, and outsourcing services for guaranty agencies. The Tuition Payment Processing and Campus Commerce segment concerns the tuition payment plans and online payment processing. The Asset Generation and Management segment includes the acquisition and management of the company's student loan assets. The Telecommunications segment involves pure fiber optic service directly to homes and businesses for internet, television, and telephone services. The company was founded by Michael S. Dunlap and Stephen F. Butterfield in 1977 and is headquartered in Lincoln, NE. | |||
Description
Nelnet, Inc. provides education related products and services, and student loan asset management services in the United States and internationally. The company's Loan Systems and Servicing segment is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for the company's student loan portfolio and for third-party clients. This segment also provides software and data center, borrower and loan updates, default aversion tracking, claim processing, and post-default collection services for guarantee agencies; and contact center solutions, as well as licenses student loan servicing software to third-party student loan holders and servicers. Its Tuition Payment Processing and Campus Commerce segment offers products and services to help students and families to manage the payment of education costs at various levels; school information system software; and education-focused technologies, services, and support solutions to schools for collecting and processing commerce data. It also serves K-12 schools, higher education institutions, and colleges and universities. The company's Communications segment provides Internet access, data connectivity, Internet protocol television video, video on demand, and high-definition television services, as well as digital video recorders to residential and business subscribers; and local calling and long-distance telephone services. This segment offers its services through direct marketing, call centers, communication centers, and sales representatives, as well as through its Website. Its Asset Generation and Management segment engages in the acquisition, management, and ownership of the company's student loan assets. The company also provides investment advisory services. The company was founded in 1978 and is headquartered in Lincoln, Nebraska. |