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.

Earnings data Q1 2021

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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.

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LINCOLN, Neb. , July 5, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) announced today a controlling investment in affiliates of GRNE Solutions, LLC (GRNE), known as GRNE Solar, a leading Midwest solar engineering, procurement, and construction (EPC) firm.

Nelnet Acquires Solar Construction Firm GRNE Solutions

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LINCOLN, Neb. , June 1, 2022 /PRNewswire/ -- FACTS, a division of Nelnet, Inc. (NYSE: NNI), today announced the appointment of Dan Hughes as national sales director, K–12, effective June 1.

DAN HUGHES NAMED AS FACTS NATIONAL SALES DIRECTOR

LINCOLN, Neb., May 20, 2022 /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 Brittany Hubbard as director of higher ed product strategy.

Nelnet Campus Commerce Announces Brittany Hubbard as NewDirector of Higher Ed Product Strategy

Another conglomerate based in Lincoln, Nebraska, is primed to generate strong shareholder returns over the coming decades.

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LINCOLN, Neb. , May 9, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $186.6 million, or $4.91 per share, for the first quarter of 2022, compared with GAAP net income of $123.6 million, or $3.20 per share, for the same period a year ago.

Nelnet Reports First Quarter 2022 Results

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LINCOLN, Neb., March 17, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) announced today that its board of directors has been expanded to 10 members and enhanced with the appointments of Jona Van Deun, Adam Peterson, and Matthew Dunlap.

Nelnet Board of Directors Appoints Three New Members; Longest-Serving Director Retires

LINCOLN, Neb., Feb. 28, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $132.7 million, or $3.46 per share, for the fourth quarter of 2021, compared with GAAP net income of $235.0 million, or $6.10 per share, for the same period a year ago.

Nelnet Reports Fourth Quarter 2021 Results

SAN FRANCISCO and LINCOLN, Neb., Feb. 17, 2022 /PRNewswire/ -- Protocol Labs , an open-source research and development lab that builds protocols, tools, and services to radically improve the internet, including Filecoin and IPFS , announces the launch of the $38 million Filecoin NNI Renewable Energy Fund, focused on investments in solar energy throughout the United States (U.S.), with Nelnet Renewable Energy Services.

Protocol Labs and Nelnet Announce $38 Million Renewable Energy Fund Focused on Investments in Solar Energy

LINCOLN, Neb., Jan. 27, 2022 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.24 per share.

Nelnet Board Approves Dividend

LINCOLN, Neb., Jan. 20, 2022 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the fourth quarter and year ended December 31, 2021, after the close of the New York Stock Exchange on Monday, February 28, 2022.

Nelnet to Announce Fourth Quarter and Year-End Results

With some level of student loan forgiveness or cancelation on the horizon, investors should begin preparing for the effects of this policy on the overall economy. Student loan debt in the United States has risen to $1.56 trillion across 44 million Americans. President Biden has extended the CARES Act of 2020 through May 1, 2022.

Student Loan Servicing - Nelnet Is The Big Man On Campus

The student loan servicer finished 2021 up 38.7%.

Why Nelnet's Stock Price Rose 13.3% in December

LINCOLN, Neb., Dec. 8, 2021 /PRNewswire/ -- Nelnet Diversified Services (NDS), an experienced and trusted partner offering premier professional services and flexible, innovative technology solutions, announced today that it has undergone a System and Organization Controls (SOC) 2SM examination by independent auditor BARR Advisory, P.A.

Nelnet Diversified Services Maintains Effective Security Controls, According to Recent SOC 2(SM) Report

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Nelnet (NYSE:NNI) reported its Q3 earnings results on Monday, November 8, 2021 at 04:00 PM. Here's what investors need to know about the announcement.

Recap: Nelnet Q3 Earnings

LINCOLN, Neb., Nov. 8, 2021 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $53.1 million, or $1.38 per share, for the third quarter of 2021, compared with GAAP net income of $71.5 million, or $1.86 per share, for the same period a year ago.

Nelnet Reports Third Quarter 2021 Results

Nelnet (NYSE:NNI) is set to give its latest quarterly earnings report on Monday, 2021-11-08. Here's what investors need to know before the announcement.

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ALBANY, N.Y., Nov. 4, 2021 /PRNewswire/ -- Nelnet Renewable Energy today announced Northern Rivers Family of Services ("Northern Rivers") as a partner and anchor tenant for community solar in upstate New York.

Northern Rivers Family of Services Supports Their Mission and Finds Savings by Partnering with Nelnet Renewable Energy for Community Solar

LINCOLN, Neb., Aug. 5, 2021 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $83.9 million, or $2.16 per share, for the second quarter of 2021, compared with GAAP net income of $86.5 million, or $2.21 per share, for the same period a year ago.

Nelnet Reports Second Quarter 2021 Results

News for Nelnet Stock (NNI)