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Nelnet, Inc. provides global loan servicing, education technology, payment processing, communications, asset management, and banking services, supporting students, schools, and consumers across various financial and educational platforms.
Nelnet is a leading servicer of federal and private student loans, managing payments and customer service for millions, including federally held FFEL Program loans, under contract with the U.S. Department of Education.
Nelnet reported a substantial increase in its second-quarter 2025 net income, which rose to $181.5 million from $45.1 million in the same period of 2024. This significant growth was primarily driven by a $175.0 million pre-tax gain from the partial redemption of its investment in ALLO Holdings, a fiber internet provider. The event highlighted the success of Nelnet's investment strategy and had a notable positive impact on its earnings per share.
Nelnet announced its agreement to acquire Finastra's Canadian student loan servicing business, a move that significantly enhances its presence in the Canadian market. This acquisition adds 2.4 million student loan borrowers to Nelnet's portfolio, reinforcing the company's focus on growing its core loan servicing operations.
LINCOLN, Neb. and NEW DELHI, Oct. 5, 2026 /PRNewswire/ -- Nelnet Business Services (NBS), a division of Nelnet, Inc. (NYSE: NNI), announced the acquisition of Entab Infotech Pvt.
Overall rating: B+
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