Nelnet Inc - Company Profile
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Business Description
Nelnet Inc (Nelnet) offers a range of diversified solutions related to education, student loan asset management, and telecommunication solutions, among others to educational institutions; students and parents; lenders; business and household subscribers; and non-profit, commercial, and government clients. It also carries out angel and real estate investments through its innovation Hub team in the Midwest US. As of December 31, 2022; it had assets of US$19,374.0 million. Nelnet operates six business segments: Asset Generation and Management; Loan Servicing and Systems; Education Technology, Services, and Payment Processing; Corporate and Other Activities; Communications, and Nelnet Bank.
Business Segments
- Asset Generation and Management
- Communications
- Corporate and Other Activities
- Education Technology, Services, and Payment Processing
- Loan Servicing and Systems
- Nelnet Bank
Overview
Referred as Nelnet Financial Services includes acquisition, ownership, and management of Nelnet’s loan assets. Loans comprise private education loans, federally insured student loans, and consumer loans. Also includes the company’s investment in core education-related businesses, real estate, and early-stage and emerging growth companies.
Performance
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Overview
Includes ALLO Communications LLC (ALLO) operations. Provides fiber optic network to residential individuals and business clients for television, internet, broadband, and telephone. Includes data and video, primary rate interface, high-definition television, digital video recorders, domestic and international calling, and session initiation protocol solutions, among others.
Overview
Includes other business activities such as interest expense incurred on unsecured debt transactions, income earned on certain investment activities, and other offerings, which are not considered in other operating segments including, Whitetail Rock Capital Management, LLC (WRCM), a Nelnet’s investment advisor subsidiary. Also consists of corporate activities and overhead functions related to executive management, human resources, internal management, legal, accounting, information technology, enterprise risk management, and marketing.
Performance
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Overview
Known as Nelnet Business Services provides education payment management and commerce solutions for the all levels from K-12 to higher education, churches and business internationally. Offers technology and payments services which includes electronic transfer and credit card processing, reporting, billing and invoicing, mobile and virtual terminal solutions, and specialized integrations. Operates various brands such as Nelnet Campus Commerce, FACTS, Nelnet Community Engagement, Nelnet payment services and Nelnet International. Serves in the US, Australia, New Zealand, and Southeast Asia.
Performance
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Overview
Also known as Nelnet Diversified Solutions provides servicing of federally owned student loans for the Department of Education and originates and services private education and consumer loan. Offers software and technology solutions for student loan servicing; and outsourcing services such as call center, marketing, and processing services for lenders and other entities. Offers government loan servicing, Federal Family Education Loan, private education, and consumer loans. Operates various brands such as Nelnet Diversified Solutions, Nelnet Loan Servicing, GreatNet, Great Lakes, Nelnet Government Services and Firstmark Services.
Performance
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Overview
Operates as an internet bank franchise mainly focusing on the private education and unsecured loan marketplace.
Performance
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