May 17, 2005

Nelnet to Hold Annual Meeting of Shareholders on May 26

LINCOLN, Neb., May 17, 2005 /PRNewswire-FirstCall via COMTEX/ -- Nelnet, Inc. (NYSE: NNI) will hold its annual meeting of shareholders at 8:30 a.m. (Central) on Thursday, May 26, 2005, at the Embassy Suites Hotel in Lincoln, Nebraska. The meeting will be available live via Web cast and conference call.

The Web cast can be accessed at under the conference calls and Web casts menu. To access the audio portion of the meeting, participants in the United States and Canada should dial 800.350.6941 and international callers should dial 303.752.5840 at least 15 minutes prior to the call.

A replay of the meeting will be available between 1:00 p.m. (Central) May 26, 2004, and 11:59 p.m. (Central) June 3, 2004. To access the replay via telephone within the United States and Canada, callers should dial 800.675.9924. International callers should dial 303.750.0857. All callers accessing the replay will need to use the confirmation code of 52405. A replay of the Web cast will also be available at

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

(code #: nnig)

SOURCE Nelnet, Inc.

media, Sheila Odom, +1-402-458-2329, or investors, Cheryl Watson, +1-317-469-2064,
both of Nelnet, Inc.

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