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Nelnet, Inc., is a United States–based 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.
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]
Instead, it contracts that work out to loan servicing companies like Navient, Nelnet, Great Lakes and MOHELA, among others. When your loan is disbursed, it automatically gets assigned to one of ...
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.
A market surge in the first quarter, spurred by easing global macroeconomic concerns and Powell's pivot ended up having a positive impact on the markets and many hedge funds as a result. The ...
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Nelnet was accused of industry wide kickbacks, improper inducements, and gifts from student loan providers to colleges and universities. Nelnet quickly shut down a Nebraska investigation into its activities by agreeing to provide $1 million to the state in support of a national financial aid awareness campaign.
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