Industry Education Fact Sheet ::: Nelnet
 

Industry Education: Fact Sheet

Corporate Facts

Nelnet is one of the leading education services and education finance companies in the United States and is focused on providing quality student loan products and services to students and schools nationwide. Nelnet offers a broad range of financial services and technology-based products, including student loan origination and lending, holding, student loan and guarantee servicing, and software solutions.

Nelnet, based in Lincoln, Nebraska, ranks among the nation's leaders in terms of total student loan assets under management with $26.3 billion in net student loan assets as of March 31, 2008.

As a vertically integrated company offering the full range of services required for student lending, Nelnet is well positioned to capitalize on industry growth. One of the company's greatest strengths lies in its sophisticated technology solutions. Its comprehensive suite of software products not only allows it to service loans internally and for third parties, but also continues to facilitate the company's position as a preferred originator and holder of loans for schools and borrowers. This technology helps solidify Nelnet's leadership position as the company further penetrates markets through organic growth, acquisitions, and strengthening relationships with school and lenders nationwide.

Industry Statistics

  • During 2000, $37.5 billion was distributed in the form of student loans. Up from $16.4 billion in 1990. (Source: American Council on Education)
  • In 1999-2000, 55% of undergraduates received some form of financial aid. The average aid amount was approximately $6,200. (Source: NCES)
  • From 1999-2000, nearly 1 of every four graduates (23%) received a federally subsidized Stafford loan, averaging $3,200. (Source: NCES)
  • The average loan balance for students finishing an undergraduate degree ranges from $14,000 to $18,000 in student loans. (Source: NCES)
  • The average monthly student loan payment ranges from $179-$200 for 1999-2000. (Source: American Council on Education)
  • For those pursuing a graduate or professional degree, 29% received a Stafford loan in 1999-2000, averaging $12,850. (Source: NCES)
  • Enrollment in degree-granting institutions is projected to increase from 14.8 million in 1999 to 17.7 million in 2011, an increase of 20 percent. (Source: NCES)