Nelnet

Nelnet Campus Commerce Teams Up with Global Payments Provider MTFX Through PayMyTuition

Retrieved on: 
Thursday, June 25, 2020
Nelnet, E-commerce, Economy

"Nelnet's new partnership with MTFX incorporates PayMyTuition's feature-rich digital payments capability directly into our platforms with real-time integrations," said DeeAnn Wenger, President of Nelnet Campus Commerce.

Key Points: 
  • "Nelnet's new partnership with MTFX incorporates PayMyTuition's feature-rich digital payments capability directly into our platforms with real-time integrations," said DeeAnn Wenger, President of Nelnet Campus Commerce.
  • "We are pleased to partner with Nelnet and provide our PayMyTuition cross border tuition payments solution to their education partners and students," said Arif Harji, Chief Marketing Strategist, MTFX Group.
  • This partnership with PayMyTuition and integration into our existing payment technology creates an additional benefit for our Nelnet Campus Commerce clients.
  • From payment processing and refunds, to tuition payment plans and online storefronts, Nelnet Campus Commerce helps process every payment on campus.

Nelnet Issues Statement Regarding Department of Education NextGen Business Process Operations Proposal

Retrieved on: 
Monday, June 22, 2020
Loans, Finance, Money, Economy, Nelnet, Student loans in the United States, Mortgage, Student loan, Loan servicing, Great Lakes Higher Education Corporation

Nelnet has requested a debriefing by the Department, and the company is considering its legal options, including filing a protest challenging the decision.

Key Points: 
  • Nelnet has requested a debriefing by the Department, and the company is considering its legal options, including filing a protest challenging the decision.
  • Nelnet Servicing, LLC (Nelnet Servicing) and Great Lakes Educational Loan Services, Inc. (Great Lakes) were awarded student loan servicing contracts by the Department in June 2009 to provide servicing for loans owned by the Department.
  • Nelnet will continue to be a leader in servicing Federal Family Education Loan (FFEL) Program, private education, and consumer loans for clients.
  • "The Department's contracting decisions are difficult and, if they stand, they will have a long-term impact on Nelnet," added Noordhoek.

Domina Law Group Files New Class Action Against Nelnet Over Student Loan Abuses

Retrieved on: 
Wednesday, June 17, 2020
Finance, Economy, Money, Student loans in the United States, Nelnet, Loans, Student loan, Student debt

OMAHA, Neb., June 17, 2020 /PRNewswire/ -- Five student loan borrowers from Illinois, Missouri, Texas, Colorado, and Michigan have filed a comprehensive Class Action Lawsuit against Nelnet, Inc. and two of its subsidiaries.

Key Points: 
  • OMAHA, Neb., June 17, 2020 /PRNewswire/ -- Five student loan borrowers from Illinois, Missouri, Texas, Colorado, and Michigan have filed a comprehensive Class Action Lawsuit against Nelnet, Inc. and two of its subsidiaries.
  • Domina Law Group joined forces with Chicago lawyers Dan Edelman, Cassandra Miller, and Anthony Fiorentino to file the case.
  • Given the scope of America's student loan debt, and the fact that Nelnet serviced at least $162.5 billion for six million student loan borrowers in 2016 alone, the Class Action may potentially include hundreds of thousands of student loan borrowers across the country.
  • Federal student loan borrowers who have interest in becoming a Class Member are encouraged to contact Domina Law Group.

Nelnet Expands Commitment to Renewable Energy with Launch of Community Solar Subscriber Acquisition and Management Services

Retrieved on: 
Wednesday, June 10, 2020
Nelnet, Solar energy in California, Solar energy in the United States, Articles, Community solar farm, Renewable energy, Energy

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.

Key Points: 
  • 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.
  • Nelnet Renewable Energy is committed to expanding renewable energy use by helping solar developers find subscribers for their community solar projects homeowners, renters, and businesses who are looking for accessible and affordable solar energy.
  • With Nelnet Renewable Energy, we have an opportunity to play a vital role in the growth of renewable energy through funding solar energy projects and providing subscriber acquisition and management services for the community solar developers with whom we partner.
  • Nelnet (NYSE: NNI) is a diversified and innovative company focused on offering educational services, technology solutions, telecommunications, and asset management, operating from four major divisions: Nelnet Diversified Services, Nelnet Business Services, Nelnet Communications Services, and Nelnet Financial Services.

Nelnet's Largest Division Unveils New Name and New Website

Retrieved on: 
Wednesday, May 27, 2020
Nelnet, Information technology management, Automation, Marketplace, Business process management, Television series, Television in Canada

The company also launched a new divisional website at Nelnetinc.com/nds .

Key Points: 
  • The company also launched a new divisional website at Nelnetinc.com/nds .
  • "Our new division name and website will allow visitors to gain a better understanding of who we are, as well as the breadth of service and expertise we bring to the marketplace."
  • The new website offers a more comprehensive understanding of the division's services and capabilities in the areas of technology, contact center, processing automation, operational improvement, and business performance.
  • A long-standing leader in the marketplace, Nelnet Diversified Services will be updating the new website regularly with fresh, insightful content reflective of its organizational leadership, services, and capabilities.

Nelnet to Announce First Quarter Results

Retrieved on: 
Thursday, April 16, 2020
Nelnet, New York Stock Exchange, Lincoln, Nebraska, Geography of Nebraska, Economy of the United States, Economy of New York City

LINCOLN, Neb., April 16, 2020 /PRNewswire/ -- Nelnet, Inc.(NYSE: NNI) today announced it will release earnings for the first quarterendedMarch 31, 2020, after the close of theNew York Stock ExchangeonThursday, May 7, 2020.

Key Points: 
  • LINCOLN, Neb., April 16, 2020 /PRNewswire/ -- Nelnet, Inc.(NYSE: NNI) today announced it will release earnings for the first quarterendedMarch 31, 2020, after the close of theNew York Stock ExchangeonThursday, May 7, 2020.
  • Upon release, additional earnings information will be available at www.nelnetinvestors.com .

Nelnet Issues Statement Regarding Department of Education NextGen Enhanced Processing Solution Proposal

Retrieved on: 
Thursday, April 2, 2020
Loans, Finance, Money, Economy, Nelnet, Student loans in the United States, Student loan, Loan servicing, Great Lakes Higher Education Corporation

EPS is the technology system and certain processing functions the Department plans to use under NextGen to service the Department's 43 million student loan customers.

Key Points: 
  • EPS is the technology system and certain processing functions the Department plans to use under NextGen to service the Department's 43 million student loan customers.
  • Nelnet has requested a debriefing by the Department and the company intends to file a protest challenging the decision.
  • BPO is the back office and call center operational functions for servicing the Department's student loan customers.
  • Nelnet Servicing, LLC (Nelnet Servicing) and Great Lakes Educational Loan Services, Inc. (Great Lakes) were awarded student loan servicing contracts by the Department in June 2009 to provide servicing for loans owned by the Department.

BenefitEd to Offer Nontaxable Student Loan Repayment Programs to Employers

Retrieved on: 
Friday, March 27, 2020
Loans, Economy, Money, Finance, Student loan, Nelnet

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.

Key Points: 
  • 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.
  • BenefitEd is prepared to assist employers looking to take advantage of a tax-free, customized student loan repayment program.
  • Employers interested in utilizing tax-advantaged student loan repayment programs should contact BenefitEd for additional information.
  • BenefitEd offers customized student loan repayment and college savings programs that help progressive employers engage, attract, and retain a more engaged, productive workforce.

Nelnet Board of Directors Appoints New Member; Director Resigns

Retrieved on: 
Monday, March 23, 2020
Regions of the United States, Nelnet, Ameritas, States of the United States, United States, NEBRASKA

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.

Key Points: 
  • 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.
  • "We are very fortunate to add JoAnn Martin to our board with her impressive credentials and wealth of experience," said Mike Dunlap, executive chairman of Nelnet.
  • "JoAnn will be a tremendous asset to Nelnet and our long-term success with her financial expertise and insights from leading a large organization."
  • Reardon has served as a member or the Nelnet Board of Directors since December 2003.

Nelnet Receives Approval to Establish Nelnet Bank

Retrieved on: 
Wednesday, March 18, 2020
Nelnet, Federal Deposit Insurance Corporation, Federal government of the United States, Government, Executive branch of the United States government

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.

Key Points: 
  • 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 is also awaiting approval of its Community Reinvestment Act Plan and is committed to the communities in which it will operate.
  • Nelnet Bank will be funded with an initial capital commitment of $100 million from Nelnet.
  • Nelnet Bank will operate as a subsidiary of Nelnet, and the industrial bank charter will allow the company to maintain its other diversified business offerings.