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Student aid leader Nelnet announces support of College Access and Opportunities Act
May 6, 2004
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(Lincoln, NE) - Today, Nelnet, a national education finance leader, announced its support of the College Access and Opportunities Act of 2004, introduced by Congressmen John Boehner (R-OH) and Howard P. "Buck" McKeon (R-CA). The legislation is a cornerstone of the pending reauthorization of the Higher Education Act and proposes refinements to stud...
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Nelnet, Inc. supplemental financial information first quarter 2004
Apr 28, 2004
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The following supplemental information should be read in connection with the first quarter 2004 earnings press release of Nelnet, Inc. (the "Company"), dated April 28, 2004.
Statements in this supplemental financial information release, which refer to expectations as to future developments, are forward-looking statements within the meani...
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Nelnet, Inc. announces first-quarter 2004 earnings
Apr 28, 2004
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(Lincoln, NE) -- Nelnet, Inc. (NYSE: NNI) today announced first-quarter 2004 earnings of $9.1 million, highlighted by a 24% annual increase in net student loan assets to $11.2 billion.
Nelnet reported GAAP net income of $9.1 million for the first quarter of 2004, or $0.17 earnings per share, compared to $9.6 million, or $0.21 earnings pe...
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Nelnet renews commitment to ensure best rate for borrowers consolidating loans
Apr 27, 2004
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(Lincoln, NE)--Nelnet, the National Education Loan Network, announced today that it would renew its policy of holding student loan consolidation applications to ensure borrowers the maximum benefit if interest rates drop on July 1.
Each year, based on the interest rates of the 91-day U.S. Treasury Bills, federal student loan interest rat...
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Nelnet makes strategic investment in infiNET Integrated Solutions, Inc.
Apr 22, 2004
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(Lincoln, NE) - Today, Nelnet, Inc. (NYSE: NNI) announced it has made a strategic investment in infiNET Integrated Solutions, Inc., an ecommerce services provider for higher education and healthcare organizations.
Headquartered in suburban Chicago, Illinois, infiNET Solutions collaborates with colleges, universities, and healthcare o...
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Nelnet acquires Senior Stock of SLAAA Acquisition Corp
Apr 21, 2004
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(Lincoln, NE) - Today, Nelnet, Inc. (NYSE: NNI) announced its acquisition of the Senior Stock of SLAAA Acquisition Corp (SLAAA), a former 150(d) student loan funding corporation, held by the Arizona Foundation for Educational Advancement. Included in the acquisition is approximately $230 million of student loan assets and related debt.
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Nelnet, Inc. to announce 2004 first-quarter results
Apr 20, 2004
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(Lincoln, NE) - Nelnet, Inc. (NYSE: NNI) announced today that it will issue an earnings release for the first-quarter of 2004 prior to the market open on April 28, 2004. Nelnet will host a conference call to discuss the results at 4:00 p.m. (Eastern) on the same day.
To access the call live, participants in the U.S. and Canada should...
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Nine out of ten parents expect scholarships to fund their child's education, according to a Nelnet survey
Mar 29, 2004
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(Lincoln, NE) - Nine out of ten parents expect scholarships to finance a portion of their child's college education, according to a survey by Nelnet, a leading educational finance company. Contrary to these expectations is data from The College Board, which finds that in 2002-2003 students received more than $105 billion in financial aid, inclu...
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Nelnet forms relationship with non-profit Rhode Island Student Loan Authority
Mar 11, 2004
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(Lincoln, NE) - Today, Nelnet, Inc. (NYSE: NNI) announced the formation of a strategic relationship with Rhode Island Student Loan Authority (RISLA), a non-profit state authority headquartered in Warwick, Rhode Island. The venture, which facilitates the sale of a portion of RISLA's existing and future student loan portfolio, is a unique arrang...
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Nelnet announces succession plan for Hilario J. Arguinchona
Feb 24, 2004
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(Boise, ID) - Today, Nelnet (NYSE: NNI) announced the March 12, 2004 retirement of Hilario (Larry) J. Arguinchona, 60, an Executive Director for Nelnet and President of Idaho Financial Associates, Inc. (IFA), a wholly-owned subsidiary. A 25-year veteran of the education finance industry, Mr. Arguinchona founded IFA Systems, a student loan sof...
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Nelnet honors Financial Aid Director for professional excellence
Feb 20, 2004
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(Lincoln, NE) - Nelnet announced today Scott Medlin, Financial Aid Director at the University of Arkansas Fort Smith, will become the third recipient of the Full Circle Award, a quarterly recognition program designed to highlight the professional excellence of Financial Aid Officers.
"Nelnet is both privileged and excited to honor Mr....
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Nelnet, Inc. rings NYSE Opening Bell
Feb 19, 2004
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(Lincoln, NE) - - Nelnet, Inc. (NYSE: NNI) visited the New York Stock Exchange this morning to ring The Opening Bell(SM). Pictured below are Nelnet Chairman Mike Dunlap and Vice Chairman Steve Butterfield with company representatives on the podium.
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Embry-Riddle partners with Nelnet for student loan delivery
Feb 17, 2004
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Daytona Beach, Florida--Embry-Riddle Aeronautical University announced its selection of Nelnet as the University's primary student loan processing provider. Beginning with the Fall 2004 semester, all new federally guaranteed student loans at Embry-Riddle will be originated and serviced using Nelnet's student loan processing systems. The lendin...
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Nelnet, Inc. supplemental financial information fourth quarter 2003
Jan 30, 2004
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The following supplemental information should be read in connection with the 2003 earnings press release of Nelnet, Inc. (the "Company"), dated January 30, 2004.
Statements in this supplemental financial information release, which refer to expectations as to future developments, are forward-looking statements within the meaning of the ...
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Nelnet, Inc. announces fourth-quarter and year-end earnings
Jan 30, 2004
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(Lincoln, NE) -- Nelnet, Inc. (NYSE: NNI) today announced fourth-quarter and year-end earnings, highlighted by a 22% annual increase in student loan assets and the completion of its initial public offering on December 11, 2003, which raised net proceeds of $167.7 million through a 100% primary offering.
Nelnet reported GAAP net incom...
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Nelnet becomes joint owner of Premiere Credit of North America
Jan 29, 2004
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(Lincoln, NE) - Today, Nelnet, Inc. announced it has acquired fifty percent of Premiere Credit of North America, LLC. Headquartered in Indianapolis, Indiana, Premiere Credit is a collection firm specializing in past due debts and accounts receivables for a number of companies nationwide, including those related to higher education and medical c...
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Nelnet, Inc. to announce 2003 fourth-quarter and year-end results
Jan 20, 2004
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(Lincoln, NE) - - Nelnet, Inc. (NYSE: NNI) announced today that it will issue an earnings release for the fourth-quarter and fiscal year ending December 31, 2003 prior to the market open on January 30, 2004. Nelnet will host a conference call to discuss the results at 10:00 a.m. (Eastern) on the same day.
To access the call live, pa...
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Nelnet, Inc. Announces Exercise of Over-Allotment Option
Jan 14, 2004
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Nelnet, Inc. Announces Exercise of Over-Allotment Option
(Lincoln, NE) - - Nelnet, Inc. (NYSE: NNI) announced today that the underwriters of the company's initial public offering exercised their over-allotment option to purchase an additional 586,800 shares of common stock at $21.00 per share on December...
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Michael D. Reardon to be appointed to Nelnet, Inc. Board of Directors
Dec 23, 2003
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(Lincoln, NE) - Today Nelnet, Inc. announced that Michael D. Reardon will be appointed to the company's Board of Directors. Mr. Reardon has served since 2001as an Independent Director for a Nelnet financing subsidiary.
Mr...
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Nelnet, Inc. Announces Pricing Of Initial Public Offering
Dec 11, 2003
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(Lincoln, NE) - Nelnet, Inc. today announced the pricing of the initial public offering of 8,000,000 shares of its Class A common stock, at $21.00 per share. The Class A common stock will trade on the New York Stock Exchange under the symbol "NNI." Nelnet will receive all of the net proceeds from the offering. Nelnet intends to use the net proc...
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