Nelnet Inc. provides educational services in loan servicing, payment processing, education planning, and asset management in the United States. The company was founded in 1978 and is based in Lincoln, Nebraska.
Nelnet Business Services, a division of Nelnet, Inc. (NYSE: NNI), is expanding its church technology offerings with the recent acquisition of Catholic Faith Technologies (CFT), an online learning and formation platform company located in Overland Park, KS.
BenefitEd—a joint venture between Ameritas and Nelnet—is offering Tuition Reimbursement program administration to companies of all sizes as part of their comprehensive suite of educational benefits programs to help employers recruit and retain employees.
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SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today it has entered into an agreement to sell its private student loan portfolio to investors, with Firstmark, a division of Nelnet (NYSE: NNI), assuming responsibility for servicing the portfolio upon the sale. Wells Fargo notified customers in September of its intention to exit the private student loan business. The company will continue to accept new student loan applications from existing private student loan c
Wells Fargo & Co. said late Friday it has agreed to sell its private student loan portfolio to investors, with Firstmark, a division of Nelnet Inc. assuming responsibility for servicing the portfolio upon the sale. Wells Fargo said it has notified customers in September of its intention to exit the private student loan business, and the deal is expected to close in the first half of 2021. The company will continue to accept new student-loan applications from existing private student loan customers until January, it said. As of September, the principal balance of the private student loan portfolio was $10 billion, the company said.