Nelnet Inc - Class A

Nelnet, Inc. is a diversified financial services company operating through three divisions: Nelnet Financial Services (NFS), which includes the Asset Generation and Management (AGM) segment and Nelnet Bank, earning interest income on student loans, consumer loans (including Pay Later receivables), and investments; Loan Servicing and Systems (Nelnet Diversified Services), which provides loan servicing for the U.S. Department of Education, Canadian student loans, FFELP, private education, and consumer loans, servicing $519.2 billion in loans for 15.2 million borrowers; and Education Technology Services and Payments (Nelnet Business Services), which generates fee-based revenue through education technology and payment processing services. The company also engages in reinsurance, venture capital, real estate, and other diversified activities. Nelnet Bank is an industrial bank that originates and holds student and consumer loans funded by deposits. The company has been actively diversifying its consumer lending portfolio through acquisitions of Pay Later receivables and other consumer loans, and expanded its international servicing operations through the acquisition of NDS Canada. Updated Aug 6, 2026