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611:, allowed Nelnet to be forgiven the $ 1 million settlement the company reached with Bruning in April 2007. Nelnet was accused of industry wide kickbacks, improper inducements, and gifts from student loan providers to colleges and universities. Nelnet agreed to provide $ 1 million to the state in support of a national financial aid awareness campaign. Bruning decided in August 2007 to forgive Nelnet its $ 1 million obligation after the company announced that it had reached a separate $ 2 million settlement with New York State Attorney General
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Total Well-Being Strive is an online fitness and wellness tracker created in-house at Nelnet and launched in early 2014. With the ability to be tailored to customer's needs, Total Well-Being Strive tracks nutrition and fitness while providing challenges to encourage employees to adopt a lifestyle of
641:
reported in August 2010, that Nelnet settled a case for $ 55 million. The suit was filed by a former
Department of Education researcher named Dr. Jon Oberg. Nelnet and other lenders were accused of defrauding taxpayers of billions of dollars in student loan subsidies. The largest student lender in
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audit revealed that from 1993 to 2007, Nelnet had utilized a loophole in federal tax legislation that allowed the company to receive a higher interest rate on specified loans, generating $ 278 million from taxpayers. Nelnet disputed the findings of the audit through a letter written to the United
424:
Through NES, students can search for colleges and graduate schools, learn about admissions, find scholarships, prepare for tests, and more. In addition, NES helps colleges and universities recruit prospective students with interactive marketing strategies, enabling them to reach their enrollment
626:
of $ 16,100 to Jon
Bruning, Nebraska Attorney General, for his Senate election campaign. Nelnet spent approximately $ 200,000.00 in the 2015–2016 Election Cycle, per Federal Election Commission Records and have already spent an approximate $ 60,000 for the 2017–2018 Election Cycle.
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Health
Education Solutions, an expert online certification course provider in the health education field, offers advanced cardiac life support (ACLS) and pediatric advanced life support (PALS) training and certification according to the latest American Heart Association guidelines.
27:
382:
Nelnet owns over 50 subsidiaries that administer and collect student loans throughout the United States and Canada, such as in
Tuition, infiNET, LoanSTAR, and TriCura Canada, Inc. Through its subsidiary, FACTS Management, Nelnet owns RenWeb, a school management program.
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752:
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Provides tuition payment plans, donor services, and financial aid services to families with students attending private and faith-based K-12 schools, as well as for colleges and universities.
462:
FACTS Management bought out RenWeb in June 2014. RenWeb is a provider of an online school management program, which is mostly used in the private school market at over 3500 schools.
421:
Provides education planning and enrollment-related services that give parents, students, and schools access to online educational resources and higher education planning tools.
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the country, Sallie Mae, is also listed as a defendant in the case. Oberg's suit ultimately led to taxpayer funds being returned by seven of the nine companies Oberg sued.
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820:
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NDS companies also include Nelnet Loan
Servicing, Great Lakes Educational Loan Services, Inc., First mark Services, Grant Pro, Responsible Repay, and Campus Guard.
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States
Department of Education letting them know of this loophole, and ultimately, U.S. Department of Education ruled that Nelnet would keep the $ 278 million.
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Provides customer service for student loan borrowers, technology related to student loan customer service, and outsourcing services for guaranty agencies.
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Nelnet became a publicly traded company in 2003, at which point the two founders were co-CEOs. In August 2003, the parent company was renamed from
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NES used to include Spark room until
January 31, 2016. As of February 1, 2016, Digital Media Solutions, DMS, bought Spark room from Nelnet.
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One of the main NDS lines of business is Proxy, a business process outsourcing company based in
Lincoln, Nebraska and Aurora, Colorado.
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Total Well-Being provides services that motivate organizations’ employees to achieve health & wellness goals.
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753:"SunTrust To Increase Education Lending in Georgia and Florida by $ 1.3 Billion Over the Next Five Years"
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launched an investigation into alleged deceptive lending practices by student loan providers, including
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Resume Edge, which includes Resume
Builder, offers professional resume writing, tools, and resources.
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The combined company is the largest servicer of student loans in the United States, with $ 397
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Nelnet was founded in 1996 by Mike Dunlap and Steve
Butterfield. In March 2000, Nelnet bought
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Allo Communications, a fiber optic cable and internet service provider headquartered in
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Money, Politics, and Corruption in U.S. Higher Education: The Stories of Whistleblowers
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and owns Allo Fiber, a cable and internet provider. The company is headquartered in
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NBS includes FACTS Management, Nelnet Business Solutions, and Payment Spring (PS).
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821:"Nelnet Completes Acquisition of Great Lakes Educational Loan Services, Inc"
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billion in loans, or around 42% of all student loans in the United States.
1035:"Nebraska Attorney General Defends Nelnet and Assails Cuomo Investigation"
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868:"Sparkroom Announces New Ownership & Service Expansions – Sparkroom"
846:"One company will now handle close to half of all student-loan payments"
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988:"MindMixer nabs $ 4 million from Nelnet, Dundee, Optimas and others"
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congressional campaigns, including a contribution from Nelnet and
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Nelnet also invests in a number of startup companies, including
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1089:"Nelnet to Pay $ 55-Million to Resolve Whistle-Blower Lawsuit"
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Nelnet has also made significant financial contributions to
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Nelnet letters to the Letter to Nebraska Attorney General
775:"REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933"
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On February 7, 2018, Nelnet completed its acquisition of
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million. Steve Butterfield stepped down as CEO in 2007.
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1053:"Lender Overcharged U.S. $ 1 Billion, Audit Finds"
964:"Total Well-Being—A Holistic Approach to Wellness"
798:"Student loan firm Nelnet files $ 200 million IPO"
446:
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1006:"Nelnet's Friend with Benefits – NewAmerica.org"
1197:Companies listed on the New York Stock Exchange
731:"AGREEMENT TO TERMINATE STOCKHOLDERS AGREEMENT"
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1024:
1202:United States federal student loan servicers
577:In February 2007, New York Attorney General
281:Financials as of December 31, 2022.
916:"FACTS Management Acquires RenWeb – RenWeb"
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388:Great Lakes Educational Loan Services, Inc.
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733:. U.S. Securities and Exchange Commission
524:Learn how and when to remove this message
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312:. Additionally, the company operates an
16:American financial services conglomerate
1217:Education finance in the United States
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485:contains content that is written like
667:"Nelnet co-CEO Butterfield to retire"
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632:United States Department of Education
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428:NES includes Peterson's Interactive,
1207:Companies based in Lincoln, Nebraska
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352:, a loan-servicing company based in
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669:. Lincoln Journal Star. 8 Feb 2007
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1093:The Chronicle of Higher Education
1039:The Chronicle of Higher Education
639:The Chronicle of Higher Education
403:Nelnet Diversified Services (NDS)
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417:Nelnet Enrollment Services (NES)
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1182:PaymentSpring, a Nelnet company
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278:Footnotes / references
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624:Union Bank & Trust Company
447:Nelnet Business Services (NBS)
348:In June 2000, Nelnet acquired
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844:Jillian Berman (6 Mar 2018).
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603:reported in August 2007 that
356:, which was founded in 1979.
340:, Colorado. As a subsidiary,
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1177:Allo Communications Website
1075:Federal Election Commission
796:Steve Gelsi (19 Aug 2003).
292:, is a United States–based
88:; 28 years ago
10:
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707:"Nelnet Acquires EFS, Inc"
361:Nelnet Loan Services, Inc.
346:Nelnet Loan Services, Inc.
342:UNIPAC Service Corporation
334:UNIPAC Service Corporation
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1164:Contract ED-FSA-09-D-0012
1158:Contract ED-FSA-09-D-0013
609:Nebraska Attorney General
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296:that primary focused on
1106:Moldea, Dan E. (2020).
1057:Inside Higher Education
689:"Nelnet 2022 Form 10-K"
369:initial public offering
64:Russell 2000 component
1151:recipient profile on
1071:"Nelnet Disbursement"
506:neutral point of view
354:Jacksonville, Florida
992:Silicon Prairie News
892:"Us – PaymentSpring"
694:. February 28, 2023.
940:"About Us – RenWeb"
705:Nelnet (Dec 2001).
561:, Nebraska Global,
498:promotional content
438:Government Services
375:19, 2003, for $ 200
125:Michael S. Dunlap (
21:
1166:on USAspending.gov
1160:on USAspending.gov
1059:. October 2, 2006.
825:www.prnewswire.com
601:The New York Times
569:, and Mind Mixer.
552:Imperial, Nebraska
500:and inappropriate
466:Other subsidiaries
371:occurred on August
304:and consumer loan
298:financial services
77:Financial services
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1117:978-0-578-66115-5
583:The College Board
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398:Lines of business
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755:. 2 Apr 1999
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671:. Retrieved
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613:Andrew Cuomo
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579:Andrew Cuomo
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492:Please help
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365:Nelnet, Inc.
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294:conglomerate
290:Nelnet, Inc.
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240:Total equity
220:Total assets
101:Headquarters
34:Company type
20:Nelnet, Inc.
1016:16 February
605:Jon Bruning
306:origination
283:References:
1191:Categories
973:2016-02-16
949:2016-02-16
925:2016-02-16
901:2018-10-23
877:2016-02-16
830:2018-04-03
646:References
595:Sallie Mae
589:, Nelnet,
563:Eye Verify
543:wellness.
494:improve it
430:Peterson's
363:to simply
300:including
182:Net income
118:Key people
872:Sparkroom
434:EssayEdge
314:investing
310:servicing
46:Traded as
819:Nelnet.
591:Citibank
316:arm, an
127:Chairman
73:Industry
567:Travefy
425:goals.
328:History
302:student
258:Website
144:Revenue
91: (
83:Founded
57::
1149:Nelnet
1114:
944:RenWeb
920:RenWeb
593:, and
587:EduCap
436:, and
392:
377:
373:
338:Denver
263:nelnet
253:(2022)
233:(2022)
213:(2022)
195:(2022)
175:(2022)
155:(2022)
38:Public
852:3 Aug
804:3 Sep
781:4 Sep
759:4 Sep
737:4 Sep
715:3 Sep
710:(PDF)
692:(PDF)
673:3 Sep
1112:ISBN
1018:2016
854:2018
806:2018
783:2018
761:2018
739:2018
717:2018
675:2018
559:Hudl
367:The
308:and
265:.com
93:1996
86:1996
55:NYSE
201:AUM
134:CEO
59:NNI
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
