Board of Directors Committee Composition

Michael S. Dunlap is Nelnet's Chairman and Chief Executive Officer, as well as one of the founders of the company. In this capacity, Dunlap is involved in helping establish and implement the strategic direction of the company.

Dunlap focuses his time on Nelnet's key strategies of diversifying the company's revenue stream, achieving superior economies of scale through successful operations of all business units, and attaining high quality earnings. He is driven to help develop leadership across the breadth of Nelnet management. He is driven by the Nelnet vision that the customer is number one. "I believe the strength of a corporate leader lies in leadership by example," says Dunlap.

Dunlap is currently a member of the Board of Directors for Union Bank and Trust Company and also serves as a Director and Co-President of Farmers & Merchants Investment Inc., the parent of Union Bank and Trust Company.

Dunlap serves on the Lincoln group 2015 which is actively involved in promoting the development of Nelnet's hometown. He's a member of the President's Community Council for Union College and the Board of Directors for the University of Nebraska Foundation. In addition, Dunlap is a member of the Board of Capital Casualty Company; and BankFirst of Norfolk.

Dunlap is a member of the Nebraska State Bar Association. He received a B.S. degree in finance and accounting in 1986 and a J.D. degree from the University of Nebraska in 1988. He lives in Lincoln, Nebraska, with his family.

James P. Abel has been a member of Nelnet's Board of Directors since August 2003 and serves as Chair on the compensation committee. Mr. Abel had previously served as a Director of NHELP-I, Inc., a Nelnet subsidiary, for three years until August 2003.

Since 1983, Mr. Abel has served as President and Chief Executive Officer of NEBCO, Inc., a Lincoln, Nebraska, based company with interests in the manufacture of building materials, construction, insurance, mining, railroading, farming, and real estate.

Mr. Abel serves on the Boards of Directors of Ameritas Life Insurance Corp. and Linweld, Inc. and is an Advisory Board Member for the US Bank Lincoln. He is Chairman of the Nebraska Game & Parks Foundation and is on the Boards of the University of Nebraska Foundation and Nebraska Wesleyan University. Mr. Abel received a B.S. degree from Arizona State University in 1973.

Thomas E. Henning has served as a member of our Board of Directors since August 2003. He serves on the nominating and governance committees.

Mr. Henning serves as President and Chief Executive Officer of Assurity Security Group Inc. and its wholly owned subsidiaries, Security Financial Life Insurance Co. and Assurity Life Insurance Company. Previously, Mr. Henning served concurrently as President and Chief Operating Officer of National Bank of Commerce of Lincoln, Nebraska, and Executive Vice President of First Commerce Bancshares between 1985 and 1990.

Mr. Henning is a member of the Investment Committee for the Lincoln Community Foundation, Chairman of the University of Nebraska Foundation Board of Directors, member of Lincoln Plating Company's Advisory Board and on the board of Stockmens Financial. He is a 1975 graduate of the University of Nebraska, as well as Stonier Graduate School of Banking at Rutgers University. He also has completed the Wharton School's Effective Management Program. Mr. Henning holds the CLU and CFA designations.

"It's a pleasure to serve on the board of a company like Nelnet which provides such a societal good by helping individuals achieve their educational dreams."

Kimberly Rath is a native of Nebraska and has nearly 25 years of experience in the human resources field. She is a graduate of the University of Nebraska - Lincoln and a recognized leader in the field of executive development and human resources. Demonstrating a strong commitment to others, Rath uses her skills as a leadership management consultant to help clients reach their highest growth potential. Through her initiatives at Talent Plus as managing director and president, she has driven the company's growth at a rate not lower than 20 percent per year. Rath's achievements include:

The strategic development of the Quality Selection Process® (QSP®), with over 50 validated selection interviews in 20 languages. The creation of Collaborative Coaching® for the development and career planning of executives. The actualization of TalentBank®, the online human capital management system built on the talents and measurable performance of an organization's associates.

Rath provides executive management consulting and training to organizations worldwide, including The Ritz-Carlton Hotel Company (the only hospitality company to have twice won the U.S. Department of Commerce Malcolm Baldrige National Quality Award), The Estee Lauder Companies, Mercedes-Benz USA, The Cheesecake Factory, Duty Free Shops and Cadbury Schweppes.

Rath is a member of the Young Presidents' Organization (YPO) as well as Cather Circle, Nebraska Alumni Association's mentoring and networking program for women. She previously served as a member of the Lincoln City/County Child Care Advisory Board. She also had a leadership role on the Executive Advisory Board for the Nebraska Center for Entrepreneurship and helped the Center gain recognition as the No. 1 Undergraduate Entrepreneurship Education Program in the country by the United States Association of Small Business and Entrepreneurship. Rath was a 1998 and 2005 nominee for the Lincoln YWCA Tribute to Women Award.

Prior to founding Talent Plus, Rath worked with The Gallup Organization for seven years, developing relationships with clients through training and development programs.

She is married to Doug Rath, chairman of Talent Plus. They have four children.