Nelnet

GRNE Solar Announces New Office Location in Loveland, Colorado

Retrieved on: 
Wednesday, December 14, 2022
NNI, EPC, Lincoln, NYSE, Kilowatt-hour, Telecommunication, C&I, Consultant, Nelnet, Education, Renewable energy, Acquisition

PALATINE, Ill., Dec. 14, 2022 /PRNewswire/ -- GRNE Solar, a Nelnet company and leading Midwest solar engineering, procurement, and construction (EPC) installer, is expanding its efforts by opening a new branch in Loveland, Colorado. The new location opened December 1 and offers customers affordable solar installations with GRNE's 5-star experience. Its expansion will help grow Colorado's solar market while creating new jobs in the clean energy industry.

Key Points: 
  • GRNE Solar, a leading Midwest EPC solar installer, announces it is bringing its decades of solar experience to the sunny state of Colorado.
  • PALATINE, Ill., Dec. 14, 2022 /PRNewswire/ -- GRNE Solar, a Nelnet company and leading Midwest solar engineering, procurement, and construction (EPC) installer, is expanding its efforts by opening a new branch in Loveland, Colorado.
  • "I am excited to play a part in the opening of this new Colorado branch and look forward to providing our customers with the best solar experience possible," said Jesse Leisch, GRNE Solar Colorado branch manager.
  • The new branch will be its eighth location across six Midwest states and will help GRNE Solar continue providing top-notch solar services throughout the region.

8B EDUCATION INVESTMENTS, FIRST FINANCING PLATFORM ENABLING AFRICAN STUDENTS TO STUDY IN GLOBAL UNIVERSITIES, WELCOMES THE ROOTS' LEAD SINGER AND ENTREPRENEUR TARIQ "BLACK THOUGHT" TROTTER TO BOARD POSITION

Retrieved on: 
Monday, December 12, 2022
The Tonight Show, McDonnell Douglas AV-8B Harrier II, Corporate title, University, The Roots, Historically black colleges and universities, Blue Bottle Coffee, Robotics, Partnership, Educational Testing Service, Empire State Development Corporation, Research, Mentorship, Education, GRAMMY, 8B, Investment, Nelnet, Student, Final good, Artificial intelligence, Empire, Root, Black Thought, World Resources Institute, Clinton Foundation, Broadway, Science and technology in Asia, Pharmaceutical industry, Medicine, Creative industries, Toy, Management, Financial services, App, Health care

NEW YORK, Dec. 12, 2022 /PRNewswire/ -- Today, 8B Education Investments, the first fintech lender to African students attending global universities, announced two additions to its Board of Directors. Following the close of 8B's $3 m seed round, Tariq Trotter, a general partner at venture capital firm Impellent Ventures, and the lead lyricist and front man of legendary hip hop group The Roots known as "Black Thought", will join David Brown, Impellent's Managing Director, as 8B's two new board members.

Key Points: 
  • The company plans to use the resources to grow its unique, non-cosigner loan program, expand its education finance marketplace, and build additional product capabilities.
  • "I am honored to join 8B's Board of Directors and continue my passion in helping and investing in underserved communities," said Trotter.
  • Through 8B's work, the numbers of African students attending American schools will grow, especially at Historically Black Colleges and Universities.
  • "8B is thrilled to close our seed financing and have Tariq Trotter and David Brown join our Board," saidDr.

Nelnet Reports Third Quarter 2022 Results

Retrieved on: 
Monday, November 7, 2022
Security (finance), Educational technology, Program, Mission statement, U.S. Securities and Exchange Commission, CARES Act, Federal Family Education Loan Program, Forest Law Enforcement and Governance Program, Payment, List, AGM, Disclosure, Environment, Budget, GAAP, Risk, Federal Direct Student Loan Program, Contract, Income, School, Loan servicing, Consumer, HP EliteBook, Department, Risk management, NYSE, COVID-19, LIBOR, NNI, Attention, Renewable energy, Bank, Video game, Nelnet, System

"During the third quarter, each of our core businesses performed at a high level and delivered strong results," said Jeff Noordhoek, chief executive officer of Nelnet.

Key Points: 
  • "During the third quarter, each of our core businesses performed at a high level and delivered strong results," said Jeff Noordhoek, chief executive officer of Nelnet.
  • The AGM operating segment reported net interest income of $62.9 million during the third quarter of 2022, compared with $83.1 million for the same period a year ago.
  • Nelnet Bank's net income after tax for the quarter ended September 30, 2022 was $0.8 million, as compared to $0.6 million for the same period in 2021.
  • The dividend will be paid on December15, 2022, to shareholders of record at the close of business on December1, 2022.

8B Education Investments launches $111,600,000 initiative to Finance African student education at The Clinton Global Initiative

Retrieved on: 
Tuesday, September 20, 2022
Institute, Immigration, Industrial loan company, Policy, Cornell University, University of Health Sciences (Antigua), 8B, Face, Partnership, Historically black colleges and universities, ILC, Educational Testing Service, Program, Investment, World Resources Institute, History, CEO, Student, CGI, ETS, Solution, FDIC, Research, GLOBE, Education, Miles College, Pharmaceutical industry, Bank, Management, Tutoring, Nelnet, African, University

8B estimates that the 500,000 African students enrolled in global universities represent 30 percent of students who received offers from such universities.

Key Points: 
  • 8B estimates that the 500,000 African students enrolled in global universities represent 30 percent of students who received offers from such universities.
  • As the first fintech solution focused on African students, 8B is committed to enabling African brilliance to have a global impact.
  • Nelnet's bold loan funding commitment to 8b Education Investments will catalyze growth and unlock African excellence," said Debra Fine, Founding Board Chair of 8B Education Investments and Chair of Fine Capital Partners.
  • The Clinton Global Initiative (CGI) convenes global and emerging leaders to create and implement solutions to the worlds most pressing challenges.

Federman & Sherwood Investigates Nelnet Servicing, LLC for Data Breach That Impacts 2.5 Million People

Retrieved on: 
Wednesday, August 31, 2022
Class Action Lawsuit, Professional Services, Legal, LLC, Noam Federman, Sherwood, EdFinancial Services, Name, Nelnet, Environment, Social Security, Nature, Insurance

The law firm of Federman & Sherwood has initiated an investigation into Nelnet Servicing, LLC with respect to a data breach that directly impacts student loan borrowers including those serviced by the Oklahoma Student Loan Authority (OSLA).

Key Points: 
  • The law firm of Federman & Sherwood has initiated an investigation into Nelnet Servicing, LLC with respect to a data breach that directly impacts student loan borrowers including those serviced by the Oklahoma Student Loan Authority (OSLA).
  • On August 26, 2022, Nelnet Servicing, LLC reported that they recently experienced a cyber incident that involved unauthorized access to their network.
  • Nelnet Servicing, LLC, a student loan servicing company, has acknowledged a breach affecting approximately 2,500,000 customers files containing customer data that included names and/or personal identifiers including their social security numbers.
  • According to an official notice filed by Nelnet, Edfinancial Services, LLC was informed that the company experienced a data security incident.

PaymentSpring Announces Name Change to Nelnet Payment Services

Retrieved on: 
Wednesday, August 10, 2022
Education, NNI, History, NYSE, Organization, Online shopping, Nelnet

Nelnet Payment Services currently serves as the payment engine for products and services across multiple Nelnet business units.

Key Points: 
  • Nelnet Payment Services currently serves as the payment engine for products and services across multiple Nelnet business units.
  • Throughout its history, Nelnet Payment Services has created product and service offerings designed to simplify and secure the payment experience.
  • "As Nelnet Payment Services, we will continue to provide innovative and affordable payment solutions to our existing partners," said Becky Pollock, president of Nelnet Payment Services.
  • Nelnet Payment Services is a premier payment gateway, enabling software partners to offer secure, reliable payment solutions to their customers and members.

Nelnet Reports Second Quarter 2022 Results

Retrieved on: 
Monday, August 8, 2022
U.S. Securities and Exchange Commission, Forest Law Enforcement and Governance Program, Disclosure, Risk, Budget, Loan servicing, Federal Family Education Loan Program, NYSE, Technology, Growth, Investment, Sale, Security (finance), Environment, Department, Income, AGM, Risk management, COVID-19, Contract, Mission statement, Acquisition, CARES Act, HP EliteBook, GAAP, Payment, Federal Direct Student Loan Program, NNI, Consumer, Educational technology, LIBOR, Program, Renewable energy, Bank, Video game, System, Nelnet

"Our strong second quarter results reflect our long-term focus," said Jeff Noordhoek, chief executive officer of Nelnet.

Key Points: 
  • "Our strong second quarter results reflect our long-term focus," said Jeff Noordhoek, chief executive officer of Nelnet.
  • The AGM operating segment reported net interest income of $70.7 million during the second quarter of 2022, compared with $81.3 million for the same period a year ago.
  • The company recognized income from derivative settlements of $4.6 million during the second quarter of 2022, compared with an expense of $5.4 million for the same period in 2021.
  • AGM recognized a provision for loan losses in the second quarter of 2022 of $8.8 million ($6.7 million after tax), compared with $0.3 million ($0.2 million after tax) in the second quarter of 2021.

DAN HUGHES NAMED AS FACTS NATIONAL SALES DIRECTOR

Retrieved on: 
Wednesday, June 1, 2022
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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, K12, effective June 1.

Key Points: 
  • 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, K12, effective June 1.
  • Hughes most recently served as FACTS' regional director, east region.
  • "Dan is a true champion for FACTS' mission and has years of first-hand knowledge of the K12 market in which we operate.
  • Hughes has over 20 years of K12 sales experience, serving as national sales director at Tuition Management Systems (TMS) for nine years before joining the FACTS team in 2011.

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

Retrieved on: 
Friday, May 20, 2022
Indiana University Southeast, Enterprise resource planning, Education, PCI, Leadership, ERP, General Studies, University of Louisville, University, Technology, Nelnet, Solution, NNI, NUS High School of Math and Science, Indiana University, NYSE, Management, Science

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.

Key Points: 
  • 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.
  • "I could not be more excited to have Brittany join the Nelnet Campus Commerce team!
  • In her new role, Hubbard will focus on enhancing the vision and roadmap for Nelnet Campus Commerce solutions while managing a talented team of product owners and product managers.
  • From payment processing and refunds to tuition payment plans and online storefronts, Nelnet Campus Commerce helps process every payment on campus.

Nelnet Reports First Quarter 2022 Results

Retrieved on: 
Monday, May 9, 2022
Perseverance, Board, COVID-19, Optimism, U.S. Securities and Exchange Commission, Investment, Mission statement, Department, Payment, CARES Act, GAAP, NNI, Federal Direct Student Loan Program, Federal Family Education Loan Program, Forest Law Enforcement and Governance Program, Budget, Educational technology, Loan servicing, Director, NYSE, Contract, Disclosure, Security (finance), Wells Fargo, Economic security, Program, AGM, Risk, Environment, Compliance, LIBOR, Total, HP EliteBook, Uncertainty, Income, TPD, Consumer, Economy, Coronavirus, Total permanent disability insurance, Renewable energy, Bank, Real estate, Online gambling, Airline, Video game, Nelnet, System

"We are pleased with the results of the first quarter," said Jeff Noordhoek, Chief Executive Officer of Nelnet.

Key Points: 
  • "We are pleased with the results of the first quarter," said Jeff Noordhoek, Chief Executive Officer of Nelnet.
  • The AGM operating segment reported net interest income of $72.6 million during the first quarter of 2022, compared with $99.5 million for the same period a year ago.
  • Nelnet Bank's net income after tax for the quarter ended March 31, 2022 was $0.7 million, as compared to a net loss of $1.0 million for the same period in 2021.
  • The dividend will be paid on June15, 2022, to shareholders of record at the close of business on June1, 2022.