Jun 15, 2005

Nelnet announces release of Dynamic Forms, helps schools go paperless

For Immediate Release

Media Contact: Sheila Odom, 402.458.2329

Investor Contact: Cheryl Watson, 317.469.2064

(Lincoln, NE) -Nelnet announced plans to officially unveil the company's Web-based electronic forms solution at the National Association of Student Financial Aid Administrators (NASFAA) annual conference in New York July 3-6, 2005, demonstrating to schools nationwide the product's cost-saving potential.

 "On May 20, 2005, the University of Nebraska at Kearney activated our first online, electronic signature form through Nelnet's Dynamic Forms," says Renee Besse, Associate Director of Financial Aid for University of Nebraska, Kearney. "With limited Web/form design experience, I was able to create our Summer Application Form in a fairly short time period. Having Nelnet take care of the requirements surrounding the electronic signature has been extremely helpful." The University of Nebraska at Kearney served as one of the beta test sites for the Dynamic Forms product. The product is now being offered to schools nationwide.

Nelnet Dynamic Forms provides institutions with the ability to move their paper-based or static electronic forms to a more interactive medium. This solution, hosted by Nelnet, captures all input data from students and parents electronically, and allows individual schools to define their own output content and customize the format structure. This means seamless importation into either a School Information System or an existing imaging system. The product differentiates itself from others in the market by allowing schools to take advantage of Nelnet's proven electronic signature process. In addition, the extremely flexible data exchange mechanism is what allows schools to import data in their chosen format. Nelnet also stores the data so schools whose systems do not have a particular field still have access to that information electronically.

"It didn't take long for our students to find the online forms we created with Nelnet Dynamic Forms and start using them," Besse stated. "The students are describing it as smooth, easy-to-use, and fast."

Students can complete their forms online and submit them electronically; no more mailing or hand delivering forms to the appropriate office. Required fields produce more accurate forms, and less rework for the school and the student. In addition, all data is stored electronically, so there is no danger of the original being lost.

"This is an exciting product release for Nelnet and for campuses nationwide," said David Bottegal, Nelnet's Chief Marketing Officer and Executive Director. "The product reaches beyond the Financial Aid Office; it will create a paperless workflow throughout the campus, including the student accounts, registrar, admissions, business, and alumni affairs offices. That is what we mean by Nelnet's Total Solutions."

The product will be available for demo in Nelnet's booth at NASFAA 2005, along with a cost savings calculator to give schools an example of how much money they may be able to save. Additional information may also be obtained by calling 866.237.6421.

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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 of the U.S. Department of Education, which we refer to as the FFEL Program or the FFELP.

Additional information is available at www.nelnet.net

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