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Nelnet awards $10,000 scholarship to Ashley Wichman at Circle City Classic

For Release: 10/8/2006

Contact: Eric Solomon, 202.659.2258

Indianapolis, Ind., October 8, 2006 – Today, Nelnet (NYSE: NNI) announced it awarded a $10,000 scholarship to Ashley Wichman of Clayton, Ind., winner of the education and planning services company's scholarship sweepstakes. Wichman was present during the October 7 Circle City Classic football game, held at the RCA Dome in Indianapolis. Nelnet Senior Vice President Celeste Lawson-Lindsey, was on hand to present a check, during a halftime on-field drawing. Kara S. Hawkins and Saraya T. Johnson of Indianapolis, Ind. were runner-ups in the sweepstakes and received a Nelnet gift pack. Indiana high school seniors were eligible for this giveaway.

"I'm really excited," said Wichman. "Thanks (Nelnet) for being so generous and giving me the opportunity to win $10,000.00."

"Nelnet strives to be an excellent community partner," said Cheryl Watson, Nelnet's Chief Communications Officer. "It is an honor to establish funds and scholarships to help students such as Ashley achieve education dreams. Helping students and families plan and pay for college is our foremost priority."

Nelnet seeks to increase opportunities for students across the nation by offering a full spectrum of educational products and services to families, giving them the tools to make the right education choice and pay for it as well. Scholarships are another avenue for increasing opportunities: Nelnet and the Nelnet Foundation provide more than one million dollars in scholarships and charitable contributions annually. Together they fund local and national organizations as well as assist individuals to promote higher education access for students.

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Nelnet is one of the leading education finance companies in the United States and is focused on providing quality products and services to students and schools nationwide. Nelnet ranks among the nation’s leaders in terms of total net student loan assets with $22.4 billion as of June 30, 2006. Headquartered in Lincoln, Nebraska, Nelnet originates, consolidates, securitizes, holds, and services student loans, principally loans originated under the Federal Family Education Loan Program of the U.S. Department of Education.

Additional information is available at www.nelnet.com.  

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