Noordhoek

College Decision Day Completes Years-long Process for NHA Students

Retrieved on: 
Monday, May 1, 2023

GRAND RAPIDS, Mich., May 1, 2023 /PRNewswire/ -- National College Decision Day is a day of celebration as students across the country finalize the next step of their education.

Key Points: 
  • GRAND RAPIDS, Mich., May 1, 2023 /PRNewswire/ -- National College Decision Day is a day of celebration as students across the country finalize the next step of their education.
  • Traditionally on May 1, College Decision Day is when first-year applicants commit to a college.
  • Each NHA school has its own spin on College Decision Day festivities.
  • Each NHA student is required to get into a four-year school to graduate, and College Decision Day represents the last checkpoint.

Nelnet Announces Reduction of Staff Due to Contract Changes Impacting Student Loan Servicing

Retrieved on: 
Thursday, March 23, 2023

On March 22, 2023, Nelnet received a contract modification from the Department of Education (Department) for the company's current loan servicing contracts with the Department.

Key Points: 
  • On March 22, 2023, Nelnet received a contract modification from the Department of Education (Department) for the company's current loan servicing contracts with the Department.
  • Additionally, last month, the Department notified Nelnet of its intent to transfer 1 million borrowers from Nelnet Loan Servicing to another federal servicer.
  • Nelnet will also look for redundancies and efficiencies throughout the year related to the conclusion of projects centered on the consolidation of select loan servicing platforms.
  • Regarding its loan servicing systems, Nelnet continues to develop modern, innovative technology platforms to support federal and consumer loan servicing, respectively.

Nelnet Reports Fourth Quarter 2020 Results

Retrieved on: 
Thursday, February 25, 2021

"The resilience of the Nelnet team came through in 2020, leading to record results and positioning the company well for the new year," said Jeff Noordhoek, chief executive officer of Nelnet.

Key Points: 
  • "The resilience of the Nelnet team came through in 2020, leading to record results and positioning the company well for the new year," said Jeff Noordhoek, chief executive officer of Nelnet.
  • The AGM operating segment reported net interest income of $84.3 million during the fourth quarter of 2020, compared with $59.5 million for the same period a year ago.
  • Net interest income and derivative settlements totaled $80.3 million and $65.6 million in the fourth quarter of 2020 and 2019, respectively.
  • The negative provision recognized by the company in the fourth quarter of 2020 was affected by improved forecasted economic conditions.