Press Releases

For Release: 7/11/2006

Contact: Eric Solomon, 202.659.2258 

Lincoln, Neb., July 11, 2006 – Nelnet (NYSE: NNI), a leading education services and finance company, contributed $5,000 to Treehouse, an organization that educates and assists the foster youth of Seattle, Wash. Last week, Nelnet hosted a 5k charity run/walk in Seward Park in Seattle and matched the $20 registration fee for more than 100 participants for the donation.

The third annual Nelnet Race for Education was held in conjunction with the National Association of Student Financial Aid Administrators (NASFAA) conference. “What a tremendous day for Nelnet and Treehouse,” said David Bottegal, Chief Executive Officer of Nelnet’s Education Services division. “Both organizations believe in helping kids attain a valuable and affordable education.”

The following participants placed in this years’ Nelnet 5k:

Men – NASFAA participants
1st place – Thomas Dalton of Schenectady, N.Y., 17:08
2nd place – Josh Hayes of Pullman, Wash., 19:34
3rd place – Jay Larsen of Brookings, S.D., 20:33

Men – Public participants
1st place – Kevin Jones of Seattle, Wash., 24:43
2nd place – Brent Shock of Hamilton, Wash., 28:29

Women – NASFAA participants
1st place – Kelsey Hojan-Clark of Brookfield, Wis., 23:39
2nd place – Haley Majewski of Denver, Colo., 24:11
3rd place – Jackie Bell of Washington, Vt., 24:14

Women – Public participants
1st place – Kari Husby of Seattle, Wash., 21:13
2nd place – Mara Swalstad of Apollo Beach, Wash., 25:21

Men – Two-mile walkers
1st place – Robert Shorb of Gansevoort, N.Y., 30:45
2nd place – Keith Bognar of Indianapolis, Ind., 34:21
3rd place – Jesse Jones of Laurel, Md., 36:14

Women – Two-mile walkers
1st place – Deb Pusari – Minneapolis, Minn., 27:49
2nd place – Kathryn McConnell of Elkhorn, Neb., 31:00
3rd place – Antoinet Esposito of Augusta, Ga., 34:20

Last July, the charity race was held in New York City and raised $5,000 for local schools to buy books. The inaugural race was held in Minneapolis, Minn. in July 2004.

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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 $21.3 billion as of March 31, 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.