Nelnet (NYSE:NNI) (NYSE: NNI), founded in 1996 and headquartered in Lincoln, Nebraska, is a leading provider of education-related financial services in the United States. Originally established to service federal student loans under the Federal Family Education Loan Program (FFELP) and the William D. Ford Federal Direct Loan Program, Nelnet has grown into a diversified financial technology company focused on supporting students, families and institutions throughout the education lifecycle.
The company’s core business centers on student loan servicing and repayment management, administering millions of federal and private education loan accounts under contracts with the U.S. Department of Education. Nelnet offers borrower support, billing and collections services, and digital tools designed to simplify repayment options and improve borrower outcomes. In addition to federal loan servicing, Nelnet manages private education loans and provides in-school servicing for campus-based loan programs.
Beyond student loans, Nelnet operates a tuition payment solutions segment that partners with K–12 schools, colleges and universities to offer flexible payment plans and technology-driven billing platforms. This division also includes prepaid tuition programs that enable families to lock in future tuition rates. Nelnet has expanded its portfolio through strategic acquisitions in education technology, payment processing and asset management, enhancing its ability to deliver integrated financial services to both educational institutions and individual consumers.
Under the leadership of President and CEO Michael J. Dunlap, Nelnet emphasizes innovation in financial technology, digital engagement and customer experience. The company continues to invest in mobile and web-based platforms, data analytics and partnerships aimed at streamlining education funding and improving access to higher education. Serving clients across all 50 states, Nelnet remains committed to leveraging technology and expertise to support timely loan repayment, institutional billing needs and long-term financial planning for students and families.
