Nelnet Names McCurley Managing Director of Capital Markets

May 11, 2006

LINCOLN, Neb., May 11, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet (NYSE: NNI) recently announced that Thomas "Greer" McCurley has joined the company as Managing Director of Capital Markets.

In his new position reporting to President of Nelnet, Inc. Jeff Noordhoek, McCurley will focus on all aspects of raising capital for Nelnet, including term ABS securitizations, conduit warehouse facilities, unsecured debt, and equity. He will also serve as a member of Nelnet's asset/liability hedging committee.

"I'm thrilled to be a member of the Nelnet team and look forward to contributing to Nelnet's continued success," said McCurley.

McCurley brings five years experience from two investment banking groups at JPMorgan in New York where he served as a Corporate Finance Associate. In the Asset Backed Securities Origination group, McCurley structured and executed ABS transactions for student loan, home equity, and credit card clients. He was also responsible for the marketing and secondary trading of JPMorgan's exotic interest rate derivatives book in the Structured Products Derivatives Marketing division. McCurley graduated magna cum laude from Yale University with a bachelor's degree in economics.

"We are extremely fortunate to add Greer to our team and anticipate much success with the exceptional talent and experience he brings," said Noordhoek.

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 $21.3 billion as of March 31, 2006. 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


Ben Kiser of Nelnet, +1-402-458-3024

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