February 28, 2005

Nelnet Executives to Participate at JPMorgan Investor Conference

LINCOLN, Neb., Feb 28, 2005 /PRNewswire-FirstCall via COMTEX/ -- Nelnet, Inc. (NYSE: NNI) today announced that Terry Heimes, Nelnet Chief Financial Officer, and Cheryl Watson, Nelnet Chief Communications Officer, will participate in the JPMorgan Small Cap Conference being held at the Ritz-Carlton Chicago on March 10, 2005. Their remarks are scheduled to begin at 11:45 a.m. (Eastern) and will be available live via Web cast at http://www.nelnetinvestors.net/medialist.cfm.

Nelnet is one of the leading education finance companies in the United States and is focused on providing quality student loan products and services to students and schools nationwide. With over $15 billion in total assets, Nelnet originates in excess of $3 billion for itself and its service partners annually, and its servicing software is used by approximately 35 clients, including Nelnet, to service nearly $50 billion in student loans. Nelnet ranks among the nation's leaders in terms of total student loan assets.

Nelnet offers a broad range of student loan and financial services and technology-based products, including student loan origination and lending, guarantee servicing, and a suite of software solutions. Our products are designed to simplify the student loan process by automating financial aid delivery, loan processing, and funds disbursement. Our services help to facilitate and streamline education finance for all involved in the industry, including student and parent borrowers, lenders, financial aid officers, guaranty agencies, governmental agencies, servicers, and the capital markets.

(code #: nnig)

SOURCE Nelnet, Inc.

Media, Sheila Odom, +1-402-458-2329, or Investors, Cheryl Watson, +1-317-469-2064
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