Nelnet Inc (N:NNI)

Feb 06, 2024 03:15 pm ET
Nelnet Bank Launches K-12 High-Yield Savings Accounts: Empowering Schools with Financial Growth
DRAPER, Utah, Feb. 6, 2024 /PRNewswire/ -- In a commitment to bolster financial strength and empower educational institutions, Nelnet Bank (Member FDIC) announces the launch of its innovative K–12 High-Yield Savings Accounts. Crafted in partnership with FACTS to meet the needs of K–12 schools, these accounts offer competitive high-interest rates with customized tiers that enhance financial vitality and help schools start earning for future educational endeavors.
Feb 01, 2024 03:15 pm ET
Nelnet to Announce Fourth Quarter Results; Board Approves Dividend
LINCOLN, Neb., Feb. 1, 2024 /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 $0.28 per share. The dividend will be paid on Friday, March 15, 2024, to shareholders of record at the close of business on Friday, March 1, 2024.
Nov 07, 2023 03:15 pm ET
Nelnet Reports Third Quarter 2023 Results
LINCOLN, Neb., Nov. 7, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $45.3 million, or $1.21 per share, for the third quarter of 2023, compared with GAAP net income of $104.8 million, or $2.80 per share, for the same period a year ago.
Oct 19, 2023 02:14 pm ET
Federman & Sherwood Announces Recent Success Against Nelnet, Inc. and the Oklahoma Student Loan Authority
Federman & Sherwood successfully opposed two motions to dismiss in the pending data breach litigation against Nelnet, Inc. and the Oklahoma Student Loan Authority in the United States District Court for the Western District of Oklahoma.
Oct 17, 2023 04:30 pm ET
Nelnet to Announce Third Quarter Results
LINCOLN, Neb., Oct. 17, 2023 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2023, after the close of the New York Stock Exchange on Tuesday, November 7, 2023. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Jul 26, 2023 04:15 pm ET
Nelnet Awarded GSA Schedule to Expand Support for Government Agencies
LINCOLN, Neb., July 26, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI), a student loan servicing, back-office, contact center, and technology provider for government agencies, is pleased to announce its latest achievement in supporting the public sector. As part of its strategic expansion efforts, Nelnet has secured a GSA Schedule with the General Services Administration (GSA), enabling the company to offer innovative solutions and expert team members to government agencies at fair and reasonable prices.
Jul 13, 2023 04:15 pm ET
Nelnet to Announce Second Quarter Results
LINCOLN, Neb., July 13, 2023 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2023, after the close of the New York Stock Exchange on Monday, August 7, 2023. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
May 08, 2023 04:15 pm ET
Nelnet Reports First Quarter 2023 Results
LINCOLN, Neb., May 8, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $26.5 million, or $0.71 per share, for the first quarter of 2023, compared with GAAP net income of $186.6 million, or $4.91 per share, for the same period a year ago.
Apr 25, 2023 04:15 pm ET
Nelnet Awarded U.S. Department of Education's USDS Loan Servicing Contract
LINCOLN, Neb., April 25, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced its Nelnet Diversified Services division has been awarded a Unified Servicing and Data Solution (USDS) contract by the United States Department of Education (Department) Office of Federal Student Aid (FSA).
Apr 14, 2023 04:15 pm ET
Nelnet to Announce First Quarter Results
LINCOLN, Neb., April 14, 2023 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2023, after the close of the New York Stock Exchange on Monday, May 8, 2023. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Mar 23, 2023 04:15 pm ET
Nelnet Announces Reduction of Staff Due to Contract Changes Impacting Student Loan Servicing
LINCOLN, Neb., March 23, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced a staffing reduction to address lower pricing and reduced servicing volume for the company's federal servicing contracts as well as to align with the company's strategic consolidation and sunsetting of select loan servicing systems.
Feb 01, 2023 05:42 pm ET
Nelnet to Announce Fourth Quarter Results; Board Approves Dividend
LINCOLN, Neb., Feb. 1, 2023 /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 $0.26 per share. The dividend will be paid on Wednesday, March 15, 2023, to shareholders of record at the close of business on Wednesday, March 1, 2023.
Jan 18, 2023 03:15 pm ET
Nelnet Announces Changes to Staffing Capacity in Student Loan Servicing Division
LINCOLN, Neb., Jan. 18, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced changes to manage excess staff capacity due to delays in the government's student debt relief and return to repayment programs. Approximately 350 associates who were hired within the last six months will be laid off and approximately 210 associates will be terminated for performance reasons in the company's Nelnet Diversified Services (NDS) division.
Dec 16, 2022 03:15 pm ET
Nelnet Mourns the Loss of Board Member William Cintani
LINCOLN, Neb., Dec. 16, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced with great sadness that board member William "Bill" Cintani passed away on December 10, 2022.
Dec 14, 2022 03:30 pm ET
GRNE Solar Announces New Office Location in Loveland, Colorado
GRNE Solar, a leading Midwest EPC solar installer, announces it is bringing its decades of solar experience to the sunny state of Colorado.
Nov 07, 2022 03:15 pm ET
Nelnet Reports Third Quarter 2022 Results
LINCOLN, Neb., Nov. 7, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $104.8 million, or $2.80 per share, for the third quarter of 2022, compared with GAAP net income of $53.1 million, or $1.38 per share, for the same period a year ago.
Oct 14, 2022 04:15 pm ET
Nelnet to Announce Third Quarter Results
LINCOLN, Neb., Oct. 14, 2022 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2022, after the close of the New York Stock Exchange on Monday, November 7, 2022. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Aug 10, 2022 04:15 pm ET
PaymentSpring Announces Name Change to Nelnet Payment Services
LINCOLN, Neb., Aug. 10, 2022 /PRNewswire/ -- PaymentSpring, a division of Nelnet, Inc. (NYSE: NNI) and a leader in secure payment technology for education and non-profits across the United States, has announced it has changed its name to Nelnet Payment Services.
Aug 08, 2022 04:15 pm ET
Nelnet Reports Second Quarter 2022 Results
LINCOLN, Neb., Aug. 8, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $85.1 million, or $2.26 per share, for the second quarter of 2022, compared with GAAP net income of $83.9 million, or $2.16 per share, for the same period a year ago.
Jul 13, 2022 04:15 pm ET
Nelnet to Announce Second Quarter Results
LINCOLN, Neb., July 13, 2022 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2022, after the close of the New York Stock Exchange on Monday, August 8, 2022. Upon release, additional earnings information will be available at www.nelnetinvestors.com. 
Jun 01, 2022 04:15 pm ET
DAN HUGHES NAMED AS FACTS NATIONAL SALES DIRECTOR
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. Hughes most recently served as FACTS' regional director, east region.
May 20, 2022 04:15 pm ET
Nelnet Campus Commerce Announces Brittany Hubbard as NewDirector of Higher Ed Product Strategy
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. Hubbard most recently served as associate treasurer and university bursar at Indiana University.
May 09, 2022 04:15 pm ET
Nelnet Reports First Quarter 2022 Results
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.
Apr 14, 2022 04:15 pm ET
Nelnet to Announce First Quarter Results
LINCOLN, Neb., April 14, 2022 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2022, after the close of the New York Stock Exchange on Monday, May 9, 2022. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Apr 05, 2022 04:15 pm ET
Nelnet Bank Launches Private Student Loan Product
DRAPER, Utah, April 5, 2022 /PRNewswire/ -- Nelnet Bank, an online bank providing education lending products for students and families, announced today the newest addition to their product lineup: Nelnet Bank Private Student Loans. Launched to give college students a new, flexible option to fulfill their college funding needs, the loans will help borrowers meet education costs and achieve education goals. In addition, Nelnet Bank leverages Nelnet Velocity, a new advanced loan origination and servicing solution, to ensure a quick, seamless process for applicants.
Mar 17, 2022 05:20 pm ET
Nelnet Board of Directors Appoints Three New Members; Longest-Serving Director Retires
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.
Feb 28, 2022 03:15 pm ET
Nelnet Reports Fourth Quarter 2021 Results
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.
Feb 17, 2022 03:25 pm ET
Protocol Labs and Nelnet Announce $38 Million Renewable Energy Fund Focused on Investments in Solar Energy
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.
Jan 27, 2022 05:43 pm ET
Nelnet Board Approves Dividend
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. The dividend will be paid on Tuesday, March 15, 2022, to shareholders of record at the close of business on Tuesday, March 1, 2022.
Jan 20, 2022 03:30 pm ET
Nelnet to Announce Fourth Quarter and Year-End Results
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. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Dec 08, 2021 04:50 pm ET
Nelnet Diversified Services Maintains Effective Security Controls, According to Recent SOC 2(SM) Report
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. The resulting report confirms that NDS maintained effective controls over security, availability, and processing integrity of its Velocity™ system.
Nov 08, 2021 03:15 pm ET
Nelnet Reports Third Quarter 2021 Results
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.
Nov 04, 2021 04:15 pm ET
Northern Rivers Family of Services Supports Their Mission and Finds Savings by Partnering with Nelnet Renewable Energy for Community Solar
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. As a community solar subscriber, Northern Rivers supports production of clean, renewable energy and its distribution to residents, businesses, organizations, and municipalities through the existing power grid.
Oct 13, 2021 05:41 pm ET
Nelnet to Announce Third Quarter Results
LINCOLN, Neb., Oct. 13, 2021 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2021, after the close of the New York Stock Exchange on Monday, November 8, 2021. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Oct 11, 2021 04:15 pm ET
Ripple and Nelnet Announce $44 Million Clean Energy Fund for a More Sustainable Future
SAN FRANCISCO, Oct. 11, 2021 /PRNewswire/ -- Ripple, the leading provider of enterprise blockchain and cryptocurrency solutions that are faster, more transparent and more cost-effective, today announced a strategic ESG investment with Nelnet Renewable Energy, a Nelnet business, through a $44 million joint investment into one of Nelnet's solar energy investment funds. The joint investment, majority funded by Ripple, will fund solar energy projects throughout the U.S. in support of the transition to a cleaner and more stable energy future.
Aug 05, 2021 04:15 pm ET
Nelnet Reports Second Quarter 2021 Results
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.
Aug 03, 2021 10:07 am ET
Pluralytics Launches Revolutionary SaaS Platform to Ensure Companies Connect with Values-Driven Stakeholders in the Wake of the Social and Political Events of 2020
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. This product launch is timely as purpose-driven enterprises and all companies respond to the meteoric r
Jul 23, 2021 07:00 am ET
Nelnet's Velocity System Maintains Effective Security Controls According to Recent SOC 1® and 2(SM) Reports for New Loan System
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. The SOC 1® and 2SM achievements demonstrate NDS maintained effective internal controls over the design and operating effectiveness of its Nelnet Velocity™ system relevant to financial reporting, security, availability, and processing integrity.
Jul 09, 2021 07:00 am ET
Nelnet to Announce Second Quarter Results
LINCOLN, Neb., July 9, 2021 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2021, after the close of the New York Stock Exchange on Thursday, August 5, 2021. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Jun 22, 2021 04:15 pm ET
Nelnet Renewable Energy and Six Co-Investors Complete $11.9 Million Solar Tax Equity Investment in the Northeast
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 teamed up with six banks to invest $11.9 million in a portfolio of solar projects located in Rhode Island and New York. Joining Nelnet in this investment are Elkhorn Valley Bank & Trust; First State Bank, Gothenburg, Nebraska; Security First Bank (Nebraska); and three other banks.
Jun 08, 2021 07:00 am ET
Mike Rogers Named New National Sales Manager at Nelnet Campus Commerce
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. Rogers most recently served as an application sales manager for Oracle America.
Feb 25, 2021 03:15 pm ET
Nelnet Reports Fourth Quarter 2020 Results
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.
Feb 10, 2021 05:30 am ET
Nelnet Campus Commerce Completes Workday Certified Integration
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 Workday Student with Nelnet Campus Commerce's payment and cashiering solutions.
Jan 29, 2021 03:15 pm ET
Nelnet Board Approves Dividend
LINCOLN, Neb., Jan. 29, 2021 /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 $0.22 per share. The dividend will be paid on Monday, March 15, 2021, to shareholders of record at the close of business on Monday, March 1, 2021.
Jan 26, 2021 03:15 pm ET
Nelnet Business Services Acquires Catholic Faith Technologies
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 Overland Park, KS.
Jan 21, 2021 03:47 pm ET
BenefitEd Offers Tuition Reimbursement Program to Employers
LINCOLN, Neb., Jan. 21, 2021 /PRNewswire/ -- BenefitEd—a joint venture between Ameritas and Nelnet—is offering Tuition Reimbursement program administration to companies of all sizes as part of their comprehensive suite of educational benefits programs to help employers recruit and retain employees.
Jan 14, 2021 05:00 am ET
Nelnet to Announce Fourth Quarter and Year-End Results
LINCOLN, Neb., Jan. 14, 2021 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the fourth quarter and year ended December 31, 2020, after the close of the New York Stock Exchange on Thursday, February 25, 2021. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Nov 05, 2020 03:15 pm ET
Nelnet Reports Third Quarter 2020 Results
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.
Nov 02, 2020 03:15 pm ET
Nelnet Bank Becomes First Industrial Bank to Begin Operating in 12 Years
SALT LAKE CITY, Nov. 2, 2020 /PRNewswire/ -- Nelnet Bank launched today providing student loan refinancing, with plans to offer additional private loan options for students in 2021. Leveraging Nelnet's decades of experience with helping students and families plan and pay for their education, the Bank will operate as an internet bank franchise from a home office in Salt Lake City.
Aug 06, 2020 04:15 pm ET
Nelnet Reports Second Quarter 2020 Results
LINCOLN, Neb., Aug. 6, 2020 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $86.5 million, or $2.21 per share, for the second quarter of 2020, compared with GAAP net income of $24.6 million, or $0.61 per share, for the same period a year ago.
Jul 28, 2020 04:15 pm ET
FACTS Partners With Global Payments Provider MTFX by Way of PayMyTuition
LINCOLN, Neb., July 28, 2020 /PRNewswire/ -- FACTS, a division of Nelnet, Inc. (NYSE: NNI), will be enhancing international tuition payment options for K-12 schools within its platform as part of a new partnership with MTFX Group's innovative international payments solution for education, PayMyTuition.
Jul 23, 2020 04:35 pm ET
New Community Solar Projects Deliver Affordable Green Energy to Local Homes and Businesses
TROY, N.Y., July 23, 2020 /PRNewswire/ -- Nelnet Renewable Energy, a Nelnet company specializing in community solar subscriber acquisition and management services, today announced that they will manage services for five new community solar projects planned or under construction that will provide a total of 20 MW of local, clean energy – and energy cost savings – to customers in Saratoga, Schenectady, Oneida, Jefferson and surrounding counties.
Jul 23, 2020 04:15 pm ET
Jackie Strohbehn Appointed President of Nelnet Campus Commerce
LINCOLN, Neb., July 23, 2020 /PRNewswire/ -- Nelnet Campus Commerce, a division of Nelnet, Inc. (NYSE: NNI) a leader in secure payment technology in higher education, today announced the appointment of Jackie Strohbehn as president, effective August 1, 2020. Strohbehn most recently served as regional sales director of the west region for Nelnet Campus Commerce.
Jul 10, 2020 04:30 pm ET
Nelnet to Announce Second Quarter Results
LINCOLN, Neb., July 10, 2020 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2020, after the close of the New York Stock Exchange on Thursday, August 6, 2020. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Jun 25, 2020 08:15 am ET
Nelnet Campus Commerce Teams Up with Global Payments Provider MTFX Through PayMyTuition
LINCOLN, Neb., June 25, 2020 /PRNewswire/ -- Nelnet Campus Commerce (NYSE: NNI), a leader in secure payment technology in higher education, is expanding international student payment options within its intuitive product platforms through their newly announced partnership with MTFX Group's international payments innovative solution for education: PayMyTuition.
Jun 22, 2020 08:15 am ET
Nelnet Issues Statement Regarding Department of Education NextGen Business Process Operations Proposal
LINCOLN, Neb., June 22, 2020 /PRNewswire/ -- Nelnet (NYSE: NNI) announced today that the U.S. Department of Education, Office of Federal Student Aid (Department) has notified the company that the company's proposal in response to the Business Process Operations (BPO) component of the Department's Next Generation Financial Services Environment (NextGen) contract procurement process has been determined to be ineligible for award, claiming the company's response did not meet certain requirements related to small business participation. BPO is the back office and call center operational function
Jun 10, 2020 06:25 pm ET
Nelnet Expands Commitment to Renewable Energy with Launch of Community Solar Subscriber Acquisition and Management Services
LINCOLN, Neb., June 10, 2020 /PRNewswire/ -- Nelnet today introduced a new business line, Nelnet Renewable Energy, offering community solar developers comprehensive and scalable subscriber acquisition, management, and support services. The company also launched a new consumer website, NelnetEnergy.com, aimed at promoting renewable energy and supporting its community solar subscriber acquisition efforts.
May 27, 2020 04:15 pm ET
Nelnet's Largest Division Unveils New Name and New Website
LINCOLN, Neb., May 27, 2020 /PRNewswire/ -- To better align with the company's mission of service — which began over 40 years ago — Nelnet today announced that its largest division, Nelnet Diversified Solutions, has changed its name to Nelnet Diversified Services. The company also launched a new divisional website at Nelnetinc.com/nds. 
May 20, 2020 10:00 pm ET
Berger Montague: Great Lakes, Equifax, TransUnion, and Experian Sued for Damaging Millions of Student Loan Borrowers' Credit, Mishandling Pandemic Relief
SAN FRANCISCO, May 20, 2020 /PRNewswire/ -- Today, individuals representing a class of millions of student loan borrowers sued five of the nation's largest financial companies for illegally damaging borrowers' credit and mishandling CARES Act pandemic relief. This lawsuit, Sass et al. v. Great Lakes et. al., was filed against Great Lakes Education Loan Services Inc., a subsidiary of student loan company Nelnet Corporation (NYSE: NNI), along with national consumer reporting agencies Equifax (NYSE: EFX), TransUnion (NYSE: TRU), Experian (LON: EXPN), and the consumer reporting agencies' jointly
May 07, 2020 04:15 pm ET
Nelnet Reports First Quarter 2020 Results
LINCOLN, Neb., May 7, 2020 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported a GAAP net loss of $40.5 million, or $1.01 per share, for the first quarter of 2020, compared with GAAP net income of $41.6 million, or $1.03 per share, for the same period a year ago.
Apr 16, 2020 04:36 pm ET
Nelnet to Announce First Quarter Results
LINCOLN, Neb., April 16, 2020 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2020, after the close of the New York Stock Exchange on Thursday, May 7, 2020. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Apr 02, 2020 05:00 pm ET
Nelnet Issues Statement Regarding Department of Education NextGen Enhanced Processing Solution Proposal
LINCOLN, Neb., April 2, 2020 /PRNewswire/ -- Nelnet (NYSE: NNI) announced today that the U.S. Department of Education, Office of Federal Student Aid (Department) has notified the company that the company's proposal in response to the Enhanced Processing Solution (EPS) component of the Department's Next Generation Financial Servicing Environment (NextGen) contract procurement process has been determined to be outside of the competitive range and will receive no further consideration for an award. EPS is the technology system and certain processing functions the Department plans to use under N
Mar 27, 2020 07:16 pm ET
BenefitEd to Offer Nontaxable Student Loan Repayment Programs to Employers
LINCOLN, Neb., March 27, 2020 /PRNewswire/ -- BenefitEd, a joint venture between Ameritas and Nelnet offering customized student loan repayment and college savings programs to companies of all sizes, will begin working with employers to offer tax-advantaged student loan repayment programs.
Mar 23, 2020 04:30 pm ET
Nelnet Board of Directors Appoints New Member; Director Resigns
LINCOLN, Neb., March 23, 2020 /PRNewswire/ -- Nelnet (NYSE: NNI) announced today that its Board of Directors appointed JoAnn M. Martin, vice chair of the Ameritas Mutual Holding Company and Ameritas Life Insurance Corp., to the board.
Mar 18, 2020 05:14 pm ET
Nelnet Receives Approval to Establish Nelnet Bank
LINCOLN, Neb., March 18, 2020 /PRNewswire/ -- Nelnet (NYSE: NNI) announced that Nelnet Bank received notification of approval from the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish a Utah-charted industrial bank. Nelnet Bank will operate as an internet bank franchise with a home office in Salt Lake City and will leverage Nelnet's experience and expertise helping students and families plan and pay for their education.
Nov 12, 2019 03:15 pm ET
Nelnet Re-Files Application for Industrial Bank Charter with the FDIC and the Utah Department of Financial Institutions
LINCOLN, Neb., Nov. 12, 2019 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced it has re-filed its application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Nelnet Bank, a Utah-chartered industrial bank. If the charter is granted, Nelnet Bank would operate as an internet bank franchise with a home office in Salt Lake City and would leverage Nelnet's experience and expertise helping students and families plan and pay for their education.  
Nov 07, 2019 03:15 pm ET
Nelnet Reports Third Quarter 2019 Results
LINCOLN, Neb., Nov. 7, 2019 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $33.2 million, or $0.83 per share, for the third quarter of 2019, compared with GAAP net income of $42.9 million, or $1.05 per share, for the same period a year ago.
Oct 21, 2019 04:15 pm ET
FACTS Launches New Mobile App for K-12 Schools and Families
LINCOLN, Neb., Oct. 21, 2019 /PRNewswire/ -- FACTS, a Nelnet company and leading provider of service and technology solutions for private K-12 schools, today launched FACTS Family App, a new mobile application that allows private K-12 families to access student information, receive communications, and make school payments through their phone.
Oct 17, 2019 08:58 am ET
Nelnet to Announce Third Quarter Results on November 7
LINCOLN, Neb., Oct. 17, 2019 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2019, after the close of the New York Stock Exchange on Thursday, November 7, 2019. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Sep 26, 2019 09:15 am ET
ALLO Introduces Next Generation of Managed Wi-Fi with the ALLO Blast
LINCOLN, Neb., Sept. 26, 2019 /PRNewswire/ -- Today, ALLO Communications (ALLO) introduced the next generation of their managed Wi-Fi experience with the new ALLO Blast. The ALLO Blast uses the power of Wi-Fi 6, the next major benchmark in Wi-Fi technology, to provide an exceptional experience for residential and business customers. The ALLO Blast provides better performance on all devices, extended range of coverage, and increased battery life on devices connected to the internet.
Aug 08, 2019 04:15 pm ET
Nelnet Reports Second Quarter 2019 Results
LINCOLN, Neb., Aug. 8, 2019 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $24.6 million, or $0.61 per share, for the second quarter of 2019, compared with GAAP net income of $49.4 million, or $1.21 per share, for the same period a year ago.
Jul 16, 2019 09:00 am ET
Nelnet to Announce Second Quarter Results on August 8
LINCOLN, Neb., July 16, 2019 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2019, after the close of the New York Stock Exchange on Thursday, August 8, 2019. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
May 22, 2019 07:42 pm ET
Federal Judge Approves Student Loan Class Action Against Nelnet to Move Forward
LINCOLN, Neb., May 22, 2019 /PRNewswire/ -- A national class action against one of America's largest student loan companies will go forward.
May 08, 2019 04:15 pm ET
Nelnet Reports First Quarter 2019 Results
LINCOLN, Neb., May 8, 2019 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $41.6 million, or $1.03 per share, for the first quarter of 2019, compared with GAAP net income of $113.9 million, or $2.78 per share, for the same period a year ago.
Apr 15, 2019 04:15 pm ET
Nelnet to Announce First Quarter Results on May 8
LINCOLN, Neb., April 15, 2019 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2019, after the close of the New York Stock Exchange on Wednesday, May 8, 2019. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Mar 05, 2019 08:25 am ET
New Research Coverage Highlights Advance Auto Parts, AxoGen, Encana, Federal Signal, Nelnet, and Esperion Therapeutics — Consolidated Revenues, Company Growth, and Expectations for 2019
In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of Advance Auto Parts, Inc. (NYSE:AAP), AxoGen, Inc. (NASDAQ:AXGN), Encana...
Feb 28, 2019 03:15 pm ET
Nelnet Business Solutions Teams Up with Western Union Business Solutions
LINCOLN, Neb., Feb. 28, 2019 /PRNewswire/ -- Nelnet Business Solutions, Inc. (NYSE: NNI), has announced an expanded collaboration with Western Union Business Solutions to include an embedded interface between Nelnet's payment processing platforms and Western Union's trusted international payments service.
Feb 27, 2019 03:15 pm ET
Nelnet Reports Fourth Quarter 2018 Results
LINCOLN, Neb., Feb. 27, 2019 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $21.6 million, or $0.53 per share, for the fourth quarter of 2018, compared with GAAP net income of $48.1 million, or $1.17 per share, for the same period a year ago.
Jan 30, 2019 03:15 pm ET
Nelnet to Announce Fourth Quarter and Year-End Results; Board Approves Dividend
LINCOLN, Neb., Jan. 30, 2019 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the fourth quarter and year ended December 31, 2018, after the close of the New York Stock Exchange on Wednesday, February 27, 2019. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Dec 17, 2018 03:35 pm ET
U-fi Launches School Loan Products to Help Students Reach Educational Goals
LINCOLN, Neb., Dec. 17, 2018 /PRNewswire/ -- U-fi, a Nelnet company, today announced the launch of its new product offering: U-fi School Loans. Aiming to serve students with undergraduate, graduate, or professional school costs not fully met by federal funding, U-fi School Loans help students meet educational costs and achieve educational goals.
Nov 26, 2018 03:15 pm ET
Nelnet Business Solutions Acquires Tuition Management Systems
LINCOLN, Neb., Nov. 26, 2018 /PRNewswire/ -- Nelnet Business Solutions, Inc., a division of Nelnet, Inc. (NYSE: NNI), today announced its acquisition of 100 percent of the outstanding equity and membership interests of Tuition Management Systems LLC (TMS), a payments subsidiary of Cognition Financial Corporation, based in Warwick, R.I.
Nov 08, 2018 03:24 pm ET
Nelnet Reports Third Quarter 2018 Results
LINCOLN, Neb., Nov. 8, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $42.9 million, or $1.05 per share, for the third quarter of 2018, compared with GAAP net income of $46.3 million, or $1.11 per share, for the same period a year ago.
Oct 24, 2018 07:35 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Inter Parfums, United Continental, Turning Point Brands, TPI Composites, Nelnet, and WAVE Life Sciences — New Research Emphasizes Ec
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Inter Parfums, Inc. (NASDAQ:IPAR), United Continental Holdings, Inc....
Oct 15, 2018 04:15 pm ET
Nelnet to Announce Third Quarter Results on November 8
LINCOLN, Neb., Oct. 15, 2018 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2018, after the close of the New York Stock Exchange on Thursday, November 8, 2018. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Sep 25, 2018 04:15 pm ET
Nelnet Withdraws Application for Industrial Bank Charter with the FDIC and the Utah Department of Financial Institutions
LINCOLN, Neb., Sept. 25, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced it has withdrawn its application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Nelnet Bank, a Utah-chartered industrial bank. Nelnet filed the industrial bank charter application on June 28, 2018.
Aug 31, 2018 08:20 am ET
Detailed Research: Economic Perspectives on Hub Group, Coty, Cree, Nelnet, SeaWorld Entertainment, and Cowen Group — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Hub Group, Inc. (NASDAQ:HUBG), Coty Inc. (NYSE:COTY), Cree, Inc....
Aug 07, 2018 04:15 pm ET
Nelnet Reports Second Quarter 2018 Results
LINCOLN, Neb., Aug. 7, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $49.4 million, or $1.21 per share, for the second quarter of 2018, compared with GAAP net income of $28.7 million, or $0.68 per share, for the same period a year ago.
Jul 13, 2018 04:30 pm ET
Nelnet to Announce Second Quarter Results on August 7
LINCOLN, Neb., July 13, 2018 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2018, after the close of the New York Stock Exchange on Tuesday, August 7, 2018. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Jun 28, 2018 04:15 pm ET
Nelnet Files Application for Industrial Bank Charter with the FDIC and the Utah Department of Financial Institutions
LINCOLN, Neb., June 28, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced it has filed an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Nelnet Bank, a Utah-chartered industrial bank. If the charter is granted, Nelnet Bank would operate as an internet bank franchise with a home office in Salt Lake City. Nelnet Bank would be a separate subsidiary of Nelnet, and the industrial bank charter would allow the company to maintain its other diversified business offerings.
May 08, 2018 04:16 pm ET
Nelnet Reports First Quarter 2018 Results
LINCOLN, Neb., May 8, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $113.9 million, or $2.78 per share, for the first quarter of 2018, compared with GAAP net income of $50.0 million, or $1.18 per share, for the same period a year ago.
May 02, 2018 07:35 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Perficient, LogMein, City Holding, Nelnet, U.S. Physical Therapy, and LGI Homes — New Research Emphasizes Economic Growth
NEW YORK, May 02, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Perficient, Inc. (NASDAQ:PRFT), LogMein, Inc. (NASDAQ:LOGM),...
Apr 17, 2018 04:15 pm ET
Nelnet Mourns the Death of Board Vice Chairman Stephen Butterfield
LINCOLN, Neb., April 17, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) is mourning the death of co-founder and Board Vice Chairman Stephen F. Butterfield, who passed away on April 16, 2018, following heart complications. Butterfield also served as co-chief executive officer from 1996 to 2007.
Apr 16, 2018 04:30 pm ET
Nelnet to Announce First Quarter Results on May 8
LINCOLN, Neb., April 16, 2018 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2018, after the close of the New York Stock Exchange on Tuesday, May 8, 2018. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Apr 09, 2018 07:30 am ET
Nelnet Expands Loan Servicing Offerings To Meet Demands Of Fintech Lenders
SAN FRANCISCO, April 9, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI), a company with more than 40 years of loan servicing experience, is bringing a new servicing option to Fintech lending platforms. Nelnet Loan Servicing will leverage the experience, scale, and personnel of its existing servicing business with technology enhancements to meet the unique needs of Fintech companies with primary and backup servicing.
Mar 21, 2018 07:30 am ET
Report: Developing Opportunities within TerraForm Power, Chase, Tompkins Financial, Nelnet, United Insurance, and Old Second — Future Expectations, Projections Moving into 2018
NEW YORK, March 21, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of TerraForm Power, Inc. (NASDAQ:TERP), Chase Corporation...
Feb 28, 2018 03:15 pm ET
ALLO Communications Triples Internet Speeds at No Additional Cost
LINCOLN, Neb., Feb. 28, 2018 /PRNewswire/ -- ALLO Communications announced today that it boosted all of its current residential customers' 100 Mbps internet service to 300 Mbps. This applies to both download and upload speeds, effectively tripling internet speeds and bandwidth at no additional cost to customers. 
Feb 27, 2018 03:15 pm ET
Nelnet Reports Fourth Quarter 2017 Results
LINCOLN, Neb., Feb. 27, 2018 /PRNewswire/ -- Nelnet - (NYSE: NNI) today reported GAAP net income of $48.1 million, or $1.17 per share, for the fourth quarter of 2017, compared with GAAP net income of $98.3 million, or $2.32 per share, for the same period a year ago.
Feb 07, 2018 03:15 pm ET
Nelnet Completes Acquisition of Great Lakes Educational Loan Services, Inc.
LINCOLN, Neb., Feb. 7, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) announced today it has completed its previously announced acquisition of Great Lakes Educational Loan Services, Inc. (referred to as Great Lakes throughout this press release) from Great Lakes Higher Education Corporation. Nelnet paid $150.0 million in cash for 100 percent of the stock of Great Lakes, following the satisfaction of all required closing conditions.
Feb 05, 2018 03:15 pm ET
Nelnet Board Approves Dividend
LINCOLN, Neb., Feb. 5, 2018 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced the company's 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 $0.16 per share. The dividend will be paid on Thursday, March 15, 2018, to shareholders of record at the close of business on Thursday, March 1, 2018.
Jan 09, 2018 03:18 pm ET
Nelnet to Announce Fourth Quarter and Year-End Results on Feb. 27
LINCOLN, Neb., Jan. 9, 2018 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the fourth quarter and year ended December 31, 2017, after the close of the New York Stock Exchange on Tuesday, February 27, 2018. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Jan 04, 2018 03:15 pm ET
ALLO Communications Purchases Hastings, Neb. Operations of Glenwood Telecommunications
HASTINGS, Neb., Jan. 4, 2018 /PRNewswire/ -- Nebraska-based ALLO Communications (ALLO) announced today the purchase of the fiber network and customer contracts of Glenwood Telecommunications' (Glenwood) Hastings, Neb. operations.
Dec 21, 2017 03:13 pm ET
Nelnet and Great Lakes Higher Education Corporation Receive Requests for Additional Information from Department of Justice Related to Nelnet's Acquisition of Great Lakes Educational Loan Services
LINCOLN, Neb., Dec. 21, 2017 /PRNewswire/ -- Nelnet (NYSE: NNI) and Great Lakes Higher Education Corporation (GLHEC) announced today that they received requests for additional information (the second requests) from the United States Department of Justice (DOJ) in connection with Nelnet's pending acquisition of Great Lakes Educational Loan Services, Inc. (referred to as Great Lakes throughout this release) from GLHEC. These second requests were issued under the notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act).
Nov 07, 2017 04:15 pm ET
Nelnet Reports Third Quarter 2017 Results
LINCOLN, Neb., Nov. 7, 2017 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $46.3 million, or $1.11 per share, for the third quarter of 2017, compared with GAAP net income of $84.3 million, or $1.98 per share, for the same period a year ago.
Oct 19, 2017 07:50 am ET
Nelnet to Acquire Great Lakes Educational Loan Services
LINCOLN, Neb., Oct. 19, 2017 /PRNewswire/ -- Nelnet (NYSE: NNI) announced today it has entered into a definitive and binding agreement with Great Lakes Higher Education Corporation to acquire 100% of the stock of their student loan servicing company, Great Lakes Educational Loan Services, Inc. (referred to as Great Lakes throughout this press release).
Oct 12, 2017 06:30 pm ET
Nelnet to Announce Third Quarter Results on November 7
LINCOLN, Neb., Oct. 12, 2017 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2017, after the close of the New York Stock Exchange on Tuesday, November 7, 2017. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Aug 07, 2017 05:15 pm ET
Nelnet Reports Second Quarter 2017 Results
LINCOLN, Neb., Aug. 7, 2017 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $28.7 million, or $0.68 per share, for the second quarter of 2017, compared with GAAP net income of $26.2 million, or $0.61 per share, for the same period a year ago.
Jul 14, 2017 08:00 am ET
Nelnet to Announce Second Quarter Results on August 7
LINCOLN, Neb., July 14, 2017 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2017, after the close of the New York Stock Exchange on Monday, August 7, 2017. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
May 08, 2017 05:15 pm ET
Nelnet Reports First Quarter 2017 Results
LINCOLN, Neb., May 8, 2017 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $50.0 million, or $1.18 per share, for the first quarter of 2017, compared with GAAP net income of $48.0 million, or $1.11 per share, for the same period a year ago.
Apr 14, 2017 06:00 pm ET
Nelnet to Announce First Quarter Results on May 8
LINCOLN, Neb., April 14, 2017 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2017, after the close of the New York Stock Exchange on Monday, May 8, 2017. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Feb 27, 2017 04:15 pm ET
Nelnet Reports Fourth Quarter 2016 Results
LINCOLN, Neb., Feb. 27, 2017 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $98.3 million, or $2.32 per share, for the fourth quarter of 2016, compared with GAAP net income of $83.4 million, or $1.86 per share, for the same period a year ago.
Feb 06, 2017 08:00 am ET
Nelnet, Inc. Announces Results to Date of Cash Tender Offer and Consent Solicitation for 7.400% Fixed-to-Floating Rate Capital Efficient Notes
LINCOLN, Neb., Feb. 6, 2017 /PRNewswire/ -- Nelnet, Inc.  ("Nelnet" or the "Company") announced today the results to date of its previously announced cash tender offer to purchase any and all of its outstanding 7.400% Fixed-to-Floating Rate Capital Efficient Notes (the "Notes") (CUSIP No. 64031NAB4) (the "Offer to Purchase") and related consent solicitation to effect certain amendments (the "Amendments") to the indenture (the "Indenture") governing the Notes (the "Consent Solicitation" and together with the Offer to Purchase, the "Offer") to amend and supplement the Indenture to eliminate a
Feb 03, 2017 04:15 pm ET
Nelnet Board Approves Dividend
LINCOLN, Neb., Feb. 3, 2017 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced the company's 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 $0.14 per share. The dividend will be paid on Wednesday, March 15, 2017, to shareholders of record at the close of business on Wednesday, March 1, 2017.
Jan 30, 2017 10:00 pm ET
Nelnet, Inc. Increases Tender Offer Consideration of Cash Tender Offer and Consent Solicitation for 7.400% Fixed-to-Floating Rate Capital Efficient Notes
LINCOLN, Neb., Jan. 30, 2017 /PRNewswire/ -- Nelnet, Inc. ("Nelnet" or the "Company") announced today that it has amended the terms of its previously announced cash tender offer to purchase any and all of its outstanding 7.400% Fixed-to-Floating Rate Capital Efficient Notes (the "Notes") (CUSIP No. 64031NAB4) (the "Offer to Purchase"), of which $200 million in aggregate principal amount is currently outstanding, and related consent solicitation to effect certain amendments to the indenture governing the Notes (the "Consent Solicitation" and together with the Offer to Purchase, the "Offer") b
Jan 23, 2017 05:11 pm ET
Nelnet, Inc. Announces Cash Tender Offer and Consent Solicitation for 7.400% Fixed-to-Floating Rate Capital Efficient Notes
LINCOLN, Neb., Jan. 23, 2017 /PRNewswire/ -- Nelnet, Inc. ("Nelnet" or the "Company") announced that it has commenced a cash tender offer to purchase any and all of its outstanding 7.400% Fixed-to-Floating Rate Capital Efficient Notes (the "Notes") (CUSIP No. 64031NAB4) (the "Offer to Purchase"), of which $200 million in aggregate principal amount is currently outstanding, and a related consent solicitation to effect certain amendments to the indenture governing the Notes (the "Consent Solicitation" and together with the Offer to Purchase, the "Offer").
Jan 12, 2017 04:47 pm ET
Nelnet to Announce Fourth Quarter and Year-End Results on Feb. 27
LINCOLN, Neb., Jan. 12, 2017 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the fourth quarter and year ended December 31, 2016, after the close of the New York Stock Exchange on Monday, February 27, 2017. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Nov 09, 2016 04:15 pm ET
Nelnet Reports Third Quarter 2016 Results
LINCOLN, Neb., Nov. 9, 2016 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $84.3 million, or $1.98 per share, for the third quarter of 2016, compared with GAAP net income of $49.0 million, or $1.09 per share, for the same period a year ago.
Nov 03, 2016 05:41 pm ET
Nelnet Reschedules Release of Third Quarter Results
LINCOLN, Neb., Nov. 3, 2016 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it has rescheduled the release of earnings for the third quarter ended September 30, 2016 until after the close of the New York Stock Exchange on Wednesday, November 9, 2016. Due to recent accounting interpretations related to how borrower defaults should be considered in determining the constant prepayment rate used by the company to accrete its net student loan discount, Nelnet is reviewing the recent information and the potential impact on these financial reporting estimates.
Oct 06, 2016 05:50 pm ET
Nelnet to Announce Third Quarter Results
LINCOLN, Neb., Oct. 6, 2016 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2016, after the close of the New York Stock Exchange on Thursday, November 3, 2016. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Sep 13, 2016 08:38 pm ET
Nelnet Extends Legal Final Maturity Dates of Nine Student Loan ABS Trusts
LINCOLN, Neb., Sept. 13, 2016 /PRNewswire/ -- Nelnet (NYSE: NNI), one of the nation's leading asset-backed security issuers, today announced that the company received investor consent to extend the legal final maturity on nine Nelnet federally guaranteed student loan backed securitizations. The company expects to amend the transaction agreements over the next week and extend the legal final maturity date by five years on the following NSLT securities: 2014-4 A1, 2014-4 A2, 2014-4 B, 2011-1 A, 2010-1 A, 2015-3 A3, 2015-3 A2, 2015-3 B, 2015-1 A, 2015-1 B, 2015-2 A2, 2015-2 B, 2014-6 A, 2014-6
Aug 04, 2016 06:10 pm ET
Nelnet Reports Second Quarter 2016 Results
LINCOLN, Neb., Aug. 4, 2016 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $26.2 million, or $0.61 per share, for the second quarter of 2016, compared with GAAP net income of $70.9 million, or $1.54 per share, for the same period a year ago.
Jul 15, 2016 12:52 pm ET
Nelnet to Announce Second Quarter Results
LINCOLN, Neb., July 15, 2016 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2016, after the close of the New York Stock Exchange on Thursday, August 4, 2016. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Jun 15, 2016 06:13 pm ET
Nelnet Partners with DealVector to Amend ABS Legal Final Maturities
LINCOLN, Neb., June 15, 2016 /PRNewswire/ -- Nelnet (NYSE: NNI), one of the nation's leading ABS issuers, today announced the launch of a new online forum designed to facilitate rapid and effective communication with and among investors in securities backed by federally guaranteed student loans.
Jun 02, 2016 10:00 am ET
FACTS Management Acquires the Business of Private School Aid Service
LINCOLN, Neb., June 2, 2016 /PRNewswire/ -- FACTS Management, the leader in school management solutions for private and faith-based K–12 schools, has acquired the business of Private School Aid Service (PSAS), a company focused on providing need analysis services for private schools.
May 05, 2016 05:15 pm ET
Nelnet Reports First Quarter 2016 Results
LINCOLN, Neb., May 5, 2016 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $48.0 million, or $1.11 per share, for the first quarter of 2016, compared with GAAP net income of $64.8 million, or $1.40 per share, for the same period a year ago.
Apr 11, 2016 05:45 pm ET
Nelnet to Announce First Quarter Results
LINCOLN, Neb., April 11, 2016 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2016, after the close of the New York Stock Exchange on Thursday, May 5, 2016. Upon release, additional earnings information will be available at www.nelnetinvestors.com.
Feb 25, 2016 04:15 pm ET
Nelnet Reports Fourth Quarter 2015 Results
LINCOLN, Neb., Feb. 25, 2016 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $83.4 million, or $1.86 per share, for the fourth quarter of 2015, compared with GAAP net income of $73.6 million, or $1.59 per share, for the same period a year ago.
Feb 04, 2016 04:10 pm ET
Nelnet to Announce Fourth Quarter and Year-End Results on Feb. 25; Dividend Approved
LINCOLN, Neb., Feb. 4, 2016 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the fourth quarter and year ended December 31, 2015, after the close of the New York Stock Exchange on Thursday, February 25, 2016. Upon release, additional earnings information will be available at www.nelnetinvestors.com.

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