Jun 02, 2005

Nelnet Appoints Sara Davis as Executive Director of Government and Industry Relations

LINCOLN, Neb., June 2, 2005 /PRNewswire-FirstCall via COMTEX/ -- Today, Nelnet (NYSE: NNI) announced the appointment of Sara Davis as Executive Director of the organization's Government and Industry Relations division.

Ms. Davis joins Nelnet with 25 years of experience in the education finance industry, including former work in Congress and most recently work with the student lending organization Sallie Mae. Davis is a member of a number of industry trade organizations and committees, including America's Student Loan Providers.

"Sara possesses a thorough understanding of the legislative issues surrounding higher education and education finance and has a proven record for achieving successful issue outcomes for students, families, and schools," commented Cheryl Watson, Chief Communications Officer of Nelnet. "We view this type of expertise as not only valuable to our organization, but to the continued success of the student loan industry as a whole."

Davis is a graduate of Rutgers University.

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 $14.5 billion as of March 31, 2005. Headquartered in Lincoln, Nebraska, it originates, consolidates, securitizes, holds, and services student loans, principally loans originated under the Federal Family Education Loan Program.

(code #: nnig)

SOURCE Nelnet

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

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