Education planning and financing company providing student loan servicing, payment processing, and education planning services.
Nelnet, Inc. operates as a multifaceted corporation engaged in diverse sectors including loan servicing, communications, education technology, and payment processing on a global scale. Founded in 1978 and headquartered in Lincoln, Nebraska, Nelnet is structured into several key segments. The Loan Servicing and Systems segment plays a crucial role in providing comprehensive services such as loan application processing, borrower updates, payment processing, and funds management reconciliation. Additionally, it offers specialized software for student loan servicing and business process outsourcing services, including contact center management and multi-channel customer interactions.
The Education Technology, Services, and Payment Processing segment of Nelnet focuses on enhancing educational institutions' operational efficiency. It provides financial management services, school information system software, and website design tailored for admissions processes. Moreover, Nelnet offers a range of technology products and professional development services aimed at improving teacher and student evaluations, alongside tuition payment plans and billing solutions for educational expenses. This segment also supports online and mobile payment experiences for campuses and integrates learning management services for faith communities.
Nelnet's Communications segment delivers fiber optic services to residential and commercial properties, offering internet, television, and telephone services. The company further expands its operations through the Asset Generation and Management segment, which acquires and manages loan assets, and the Nelnet Bank segment, operating internet-based industrial banks. With a comprehensive suite of services spanning various sectors, Nelnet, Inc. continues to innovate and evolve, leveraging its expertise to meet the evolving needs of its diverse client base worldvide.