# Nelnet

> Nelnet is a publicly traded financial-services and education-technology company based in Lincoln, Nebraska. Best known as a federal student-loan servicer, it also runs a digital bank, originates and acquires consumer loans, provides tuition-payment and school-administration software through brands such as FACTS and Nelnet Campus Commerce, and sells technology, contact-center, and business-process services to institutions and government agencies. At the end of 2025, Nelnet serviced $486.2 billion of loans for 13.2 million borrowers, while its education technology and payments division served more than 1,200 higher-education institutions and nearly 12,000 K-12 schools worldwide.

- **Founded:** 1996
- **Headquarters:** Lincoln, United States
- **Founders:** Michael S. Dunlap (Co-founder; Executive Chairman), Stephen F. Butterfield (Co-founder; former Co-CEO and Vice Chairman)
- **Team size:** More than 5,000 associates; provided company data lists approximately 5,800 employees.
- **Products:** Federal Loan Services, Consumer Services, FACTS, Nelnet Campus Commerce, Nelnet Payment Services
- **Notable:** Serviced $486.2 billion of government-owned, FFELP, private education, and consumer loans for 13.2 million borrowers at the end of 2025., Reported record 2025 GAAP net income of $428.5 million, compared with $184.0 million in 2024., Built an education technology and payments customer base of more than 1,200 higher-education institutions and nearly 12,000 K-12 schools worldwide by 2026.

## Products & services

- **Federal Loan Services** — Servicing and customer support for U.S. Department of Education-owned federal student loans.
- **Consumer Services** — Origination support, primary and backup loan servicing, verification, and portfolio administration for private education and consumer lenders.
- **FACTS** — K-12 tuition management, student information, financial aid, school administration, and family engagement software.
- **Nelnet Campus Commerce** — Higher-education payment plans, billing, cashiering, refunds, commerce, and related campus payment technology.
- **Nelnet Payment Services** — Secure payment processing for education institutions, nonprofits, faith communities, and other organizations.
- **Nelnet Bank** — Digital banking products including private student loans, student-loan refinancing, home-improvement loans, high-yield savings accounts, and certificates of deposit.
- **Technology Services** — Software development, cloud, data, cybersecurity, accessibility, and technology consulting for enterprise and government clients.
- **Business Process Outsourcing** — Contact-center, payment-processing, customer-support, and back-office operations delivered for third parties.
- **ScholarNet** — Online processing and data exchange for private student loans among schools, lenders, and servicers.
- **Passtab** — Cloud-based school visitor, contractor, emergency, and compliance management, acquired with Invision Digital in 2026.
- **Vosaic** — Cloud video coaching, observation, and analysis for education, healthcare, and private-sector organizations.
- **BenefitEd** — Employer-sponsored student-loan repayment and education-assistance benefits.

## Achievements

- Serviced $486.2 billion of government-owned, FFELP, private education, and consumer loans for 13.2 million borrowers at the end of 2025.
- Reported record 2025 GAAP net income of $428.5 million, compared with $184.0 million in 2024.
- Built an education technology and payments customer base of more than 1,200 higher-education institutions and nearly 12,000 K-12 schools worldwide by 2026.
- Grew from a student-loan specialist founded in 1996 into a public company with three core divisions spanning financial services, loan servicing, education software, and payments.
- The Nelnet Foundation reported more than $22.7 million in grants since its 2004 formation, including $4 million in 2023.
- Expanded internationally in 2026 through acquisitions of a Canadian student-loan servicing business managing 2.7 million borrowers and Australia-based Invision Digital.

## Latest updates

- **2026-07** — Nelnet Campus Commerce announced a partnership with Atrium Campus to expand its connected-campus payments experience.
- **2026-06** — Nelnet Bank highlighted private graduate-student loans as federal Grad PLUS borrowing rules prepared to change for new borrowers.
- **2026-05** — Nelnet reported first-quarter GAAP net income of $71.1 million; serviced volume reached $525.7 billion for 15.5 million borrowers after its Canadian acquisition.
- **2026-05** — ScholarNet launched support for six-digit private student-loan certification amounts.
- **2026-04** — Nelnet Business Services acquired Australia-based Invision Digital, adding the Passtab, Resitab, and Entrytab school safety and compliance platforms.
- **2026-03** — The University of Louisiana System selected Nelnet Campus Commerce for unified payment and operational services across its institutions.
- **2026-02** — Nelnet reported record 2025 GAAP net income of $428.5 million and said all four core activities - consumer lending, loan servicing, payments, and technology - had solid performance.
- **2026-01** — Nelnet announced that President Tim Tewes would retire after 38 years in financial services, including more than two decades with Nelnet.
- **2025-11** — Nelnet sold its solar construction business after low or negative project margins, tariff uncertainty, rising costs, and reduced clean-energy incentives hurt results.

## Links

- Website: https://nelnet.com/
- LinkedIn: https://www.linkedin.com/company/nelnet/
- Twitter/X: https://x.com/Nelnet
- Instagram: https://www.instagram.com/nelnetcareers/
- Facebook: https://www.facebook.com/nelnetcareers/

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Profile page: https://yespress.io/nelnet
Published by YesPress — https://yespress.io
Last updated: 2026-08-11