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Nelnet, Inc., is a United States–based exploitative [3] conglomerate that primary focused on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and owns Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.
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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]
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In 2007, Cengage Learning sold Peterson's to Nelnet. [23] In 2011, Cengage Learning acquired the National Geographic Society's school publishing unit, and combined this school business with the Global ELT business to create and launch the National Geographic Learning brand. The global brand combined the former Cengage Learning ELT and National ...
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Union Bank maintains relationships with several other companies, the most prominent being Nelnet. In 2018, UB&T was involved in a financial dispute with NASCAR race team BK Racing which saw the team being dissolved in bankruptcy court and a lawsuit over one of NASCAR's charters sold to Front Row Motorsports by BK at the end of 2016. Union Bank ...