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Through its subsidiary, FACTS Management, Nelnet owns RenWeb, a school management program. On February 7, 2018, Nelnet completed its acquisition of Great Lakes Educational Loan Services, Inc. [ 8 ] The combined company is the largest servicer of student loans in the United States, with $397 billion in loans, or around 42% of all student loans ...
Longstanding student loan servicer and originator Nelnet Inc. launched its online-only Nelnet Bank in November 2020 to provide student loan refinancing.
Nelnet. The transfer was completed in 2023. Borrowers can find information about their current servicer by logging into their National Student Loan Data System (NSLDS) accounts. Additionally, they ...
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 March 2019, the group invested in Cluster, Inc., a company focused on the industrial manufacturing workforce. [23] [24] In November 2019, ECMC Foundation launched the Basic Needs Initiative, which is said to focus on providing grants for organizations focused on basic needs for students. [25]
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