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Nelnet became a publicly traded company in 2003, at which point the two founders were co-CEOs. [1] In August 2003, the parent company was renamed from Nelnet Loan Services, Inc. to simply Nelnet, Inc. [7] The initial public offering occurred on August 19, 2003, for $200 million. [8] Steve Butterfield stepped down as CEO in 2007. [1]
In October 2017, Great Lakes Higher Education Corporation reached an agreement to sell off 100% of the stock of its subsidiary, the Great Lakes Educational Loan Services, Inc. to Nelnet. [8] The company was to be sold for $150 million, initially keeping CEO Jeff Crosby in charge, but with a plan of consolidating the companies together. [9]
The college then decides whether or not to extend an offer of admission (and possibly financial aid) to the student. The majority of colleges admit students to the college as a whole, and not to a particular academic major, although this may not be the case in some specialized programs such as engineering and architecture.
These trends have made college admissions a very competitive process, and a stressful one for student, parents and college counselors alike, while colleges are competing for higher rankings, lower admission rates and higher yield rates to boost their prestige and desirability. Admission to U.S. colleges in the aggregate level has become more ...
The False Claims Suit was filed on behalf of the federal government by former Department of Education researcher, Dr. Jon Oberg, against Sallie Mae, Nelnet, and other lenders. Oberg argued that the lenders overcharged the U.S. Government and defrauded taxpayers of millions of dollars. In August 2010, Nelnet settled the lawsuit and paid $55 million.
The name Common Application Process, using websites for each Connexions area (LEA), is applying the UCAS method (of applying for university courses) to school admissions - to widen knowledge of the scope of courses available. It makes it a more up-front and transparent method, less informal, of applying to further education and GCSE courses.
The company also introduced web-based graphical analysis tools for campus space planning. [4] In 1995, the company began offering Software as a Service ( SaaS ) to institutions with the ApplyWeb® system, which included online admission application processing and evaluation for colleges and universities , as well as recruitment and ...
The Coalition for College, [1] formerly the Coalition for Access, Affordability, and Success (CAAS), is an American nonprofit organization that runs the Coalition Application, a U.S. college application platform. It was founded in 2015, and says it aims to provide a holistic application that assists disadvantaged students.