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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]
If you have a lender that manages both federal and private student loans — like Nelnet — you may have to call to see which type of loans you have. Federal vs. private student loans Federal
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 ...
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]
Here are some facts about college planning and admissions to keep in mind, as well as links to resources for students: Admissions. At Corpus Christi ISD, college and career counselors work with ...
Susan Alaimo is the founder & director of Collegebound Review, offering PSAT/SAT ® preparation & private college advising by Ivy League educated instructors. Visit CollegeboundReview.com or call ...
The False Claims Suit was filed on behalf of the federal government by former DOE researcher Dr. Jon Oberg against Sallie Mae, Nelnet, and other lenders. Oberg argued that the lenders overcharged the United States Government and defrauded taxpayers of over $22 million. In August 2010, Nelnet settled and paid $55 million. [132]
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.
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