Nelnet Inc - Class A

Nelnet, Inc. is a diversified financial services and education technology company operating through three divisions.

Nelnet Financial Services (NFS) earns interest income on loans and investments. It comprises two reportable segments:
- Asset Generation and Management (AGM), which holds a loan portfolio of about $7.63 billion, primarily federally insured FFEL Program student loans. AGM is increasingly acquiring consumer loans, including short-duration Pay Later receivables, and holds joint-venture interests in loan portfolios.
- Nelnet Bank, an industrial bank with a $1.70 billion loan portfolio, a $1.64 billion investment portfolio and $2.81 billion of deposits.

Loan Servicing and Systems, also known as Nelnet Diversified Services (NDS), services about $523.6 billion of loans for 15.4 million borrowers. These include Department of Education, Canadian (through NDS Canada, acquired in Q1 2026), FFELP, private education and consumer loans.

Education Technology Services and Payments, also known as Nelnet Business Services (NBS), provides school management technology, tuition payment and education services. Brands include FACTS and the new FACTS Compass platform for scholarship granting organizations under the Federal Scholarship Tax Credit. The company is expanding internationally through the announced acquisition of Entab, an India-based school management technology provider.

Corporate activities include:
- Reinsurance
- Venture capital and marketable equity investments
- Real estate
- Solar tax equity partnerships
- BenefitEd, an employer benefits offering Updated Nov 5, 2026