Nelnet Inc - Company Profile
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Nelnet Inc (Nelnet) is a diversified company that offers student loan asset management, payment processing, education technologies, and education-related, and telecommunication solutions to students and their families; K-12 institutes and colleges; lenders; business and residential subscribers; nonprofit, commercial, and government clients. It provides a range of federally owned student loan servicing and management, education planning, tuition payment processing and management, and information technology solutions. Its telecommunication business provides fiber optic service directly to homes and businesses for internet, television, and telephone services, among others. It also engages in active invests investments in companies at their early stages of development, as well as in emerging growth companies, real estate ventures, and renewable energy. The company has an operational presence in the US, Canada, Australia, New Zealand, and other Southeast Asian countries. Nelnet is headquartered in Lincoln, Nebraska, the US.
Headquarters
United States of America
Address
Ste 201, 121 South 13th St, Lincoln, Nebraska, 68508
Website
www.nelnet.com
Telephone
1 402 4582370
No of Employees
7,550
Industry
Financial Services
Ticker Symbol & Exchange
NNI (NYSE)
Revenue (2022)
$2.1B
6.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-77.5%
(2022 vs 2021)
Market Cap*
$3.5B
Net Profit Margin (2022)
XYZ
-78.9%
(2022 vs 2021)
* As of and is in US$
Nelnet Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| School Administration Software Products | Loan Asset Management |
| Acquisition, Administration, and Ownership of Student Loans | |
| Tuition Payment Processing | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company entered into a partnership with Sunrock Distributed Generation to advance energy sustainability, grid resilience, and reduce carbon emissions in local communities. |
| 2024 | New Products/Services | In February, Nelnet Bank introduced the K–12 High-Yield Savings Accounts. |
| 2023 | Corporate Changes/Expansions | In June, GRNE Solar opened a branch in Albany, New York. |
Competitor Comparison
| Key Parameters | Nelnet Inc | Navient Corp | Cognition Financial Corp | EDFINANCIAL SERVICES, LLC | Pennsylvania Higher Education Assistance Agency |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Lincoln | Herndon | Boston | Knoxville | Harrisburg |
| State/Province | Nebraska | Virginia | Massachusetts | Tennessee | Pennsylvania |
| No. of Employees | 7,550 | 4,500 | - | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael S. Dunlap | Chairman | Executive Board | 2014 | 59 |
| Matthew W. Dunlap | Director; Chief-Business Development Officer | Executive Board | 2022 | 33 |
| Jeffrey R. Noordhoek | Chief Executive Officer | Senior Management | 2014 | 57 |
| James D. Kruger | Chief Financial Officer | Senior Management | 2014 | 60 |
| Terry J. Heimes | Chief Operating Officer | Senior Management | 2014 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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