October 13, 2005

Nelnet to Announce 2005 Third-Quarter Results

LINCOLN, Neb., Oct 13, 2005 /PRNewswire-FirstCall via COMTEX/ -- Nelnet, Inc. (NYSE: NNI) announced today that it will issue an earnings release for the third quarter ending September 30, 2005 prior to the market open on October 26, 2005. Nelnet will host a conference call to discuss the results at 11:00 a.m. (Eastern) on the same day.

To access the call live, participants in the U.S. and Canada should dial 800.309.1331 and international callers should dial 719.785.9442 at least 15 minutes prior to the call. A live audio Web cast of the call will also be available at www.nelnetinvestors.net under the conference calls and Web casts menu.

A replay of the conference call will be available between 2:00 p.m. (Eastern) October 26, 2005, and 11:59 p.m. (Eastern), November 2, 2005. To access the replay via telephone within the U.S. and Canada, callers should dial 888.203.1112. International callers should dial 719.457.0820. All callers accessing the replay will need to use the confirmation code 3047267. A replay of the audio Web cast will also be available at www.nelnetinvestors.net.

Information regarding the earnings release will be available on the Web site provided above upon issue on October 26, 2005.

Nelnet is one of the leading education finance companies in the United States and is focused on providing quality products and services to students and schools nationwide. Nelnet ranks among the nation's leaders in terms of total net student loan assets with $15.7 billion as of June 30, 2005. Headquartered in Lincoln, Nebraska, Nelnet originates, consolidates, securitizes, holds, and services student loans, principally loans originated under the Federal Family Education Loan Program of the U.S. Department of Education.

Additional information is available at www.nelnet.net.

(code #: nnif)

SOURCE Nelnet, Inc.

Sheila Odom, +1-402-458-2329, or Investors, Cheryl Watson, +1-317-469- -2064, both of
Nelnet, Inc.
http://www.prnewswire.com

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