Nelnet Inc

Type: Company
Name: Nelnet Inc
Nationality: United States
Web Address: http://www.nelnet.com/
Fact Sheet: Fact Sheet for Nelnet Inc
First reported 4 hours ago - Updated 4 hours ago - 1 reports

Fitch Affirms Nelnet 2013-3 Senior & Sub Notes; Outlook Stable

Fitch Ratings affirms the Nelnet Student Loan Trust 2013-3 senior note at' AAAsf' and the subordinate note at' A+ sf'. The credit quality of the trust collateral is high, in Fitch's opinion, based on the guarantees provided by the transaction's eligible ... [Published Insurance News Net - 4 hours ago]
First reported 11 hours ago - Updated 11 hours ago - 1 reports

5k run to raise brain aneurysm awareness

Posted By: corti@klkntv.comA local family is hosting a 5k fun run in honor of a loved one who died from a brain aneurysm.22-year-old Brad Baddeley died of a sudden and unexplainable bran aneurysm rupture last October. The Nebraska Wesleyan grad had just ... [Published Channel 8 Eyewitness News - 11 hours ago]
First reported 15 hours ago - Updated 12 hours ago - 1 reports

Why Nelnet (NNI) Stock Is Soaring Today

NEW YORK (TheStreet) -- Nelnet shares are up 10.7% to $43.55 following the announcement of its intent to purchase CIT Group's  Federal Family Education Loan Program for $3.6 billion.The sale of the lending business includes the transaction of $2.6 billion ... [Published The Street Latest - 15 hours ago]
First reported 17 hours ago - Updated 13 hours ago - 3 reports

CIT Group exits student loans as Nelnet muscles for growth

Nearly $1bn of the CIT portfolio consists of unsecuritized loans from the Federal Family Education Loan Program, which is winding down this year. Nelnet will also acquire rights on residual interests on $2.6bn from loans that CIT originated and securitized, ... [Published GlobalCapital - 13 hours ago]
First reported Apr 16 2014 - Updated 15 hours ago - 3 reports

Nelnet buys $3.6 billion student loan portfolio

Nelnet, the Lincoln-based student finance company, has agreed to buy the student loan assets of CIT Group.According to securities filings by both companies, Nelnet is buying about $3.6 billion worth of student loans. About $2.6 billion of the loans are ... [Published Lincoln Journal Star - 15 hours ago]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

NELNET : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

(4-traders.com) Item 1.01 Entry into a Material Definitive Agreement.On April 10, 2014, Nelnet, Inc. (the "Company") and certain Company subsidiariesentered into four separate agreements with subsidiaries of CIT Group Inc. topurchase a total of $3.6 billion ... [Published 4 Traders - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

8-K - NELNET INC (0001258602) (Filer)

Seq Description Document Type Size 1 8-K nni416148-k.htm 8-K 29471 2 EXHIBIT 2.1 exhibit21.htm EX-2.1 25961 3 EXHIBIT 2.2 exhibit22.htm EX-2.2 10138 4 EXHIBIT 2.3 exhibit23.htm EX-2.3 9889 5 EXHIBIT 2.4 exhibit24.htm EX-2.4 ... [Published SEC Filings - Apr 16 2014]
Entities: Nelnet Inc, 8-k
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

Fitch Affirms Nelnet 2013-3 Senior & Sub Notes; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the Nelnet Student Loan Trust 2013-3 senior note at 'AAAsf' and the subordinate note at 'A+sf'. The Rating Outlook remains Stable. KEY RATING DRIVERS High Collateral Quality: The trust collateral is comprised ... [Published Business Wire Professional Services News - Apr 15 2014]
First reported Apr 14 2014 - Updated Apr 15 2014 - 1 reports

MindMixer moving its offices to Kansas City

An Omaha technology company that also has employees in Lincoln announced Monday it is moving to Kansas City.MindMixer, which helps companies manage social media and community engagement, said it will consolidate all its employees at its offices in Kansas ... [Published Lincoln Journal Star - Apr 14 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

Education Department plans to change how it oversees loan servicers

The U.S. Department of Education is planning to change how it evaluates the companies that manage the loan payments of the more than 26 million borrowers of federal direct student loans.Department officials are “in the final stages of developing revised ... [Published Inside Higher Ed - Apr 15 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

Fitch Affirms the Senior Notes of Oklahoma Student Loan Authority, Series 2011-1

Fitch Ratings affirms the senior student loan notes at 'AAAsf' issued by Oklahoma Student Loan Authority, Inc., Series 2011-1. The Rating Outlook on the notes, which is tied to the sovereign rating of the U.S. government, is Stable.Key Rating DriversHigh ... [Published Individual.com - Apr 14 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

Education News 4.11.14

EventsKindergarten Shadow Day will be 11:30 a.m. to 1:30 p.m. Wednesday at Immaculate Conception Catholic School. The event will include activities, lunch and recess and is open to children and parents. RSVP at 783-6798 or sblentlinger@icschoolfs.org ... [Published Southwest Times Record - Apr 11 2014]

Quotes

"Our student loan portfolio provides significant cash flow, which offers us an annuity to invest in new and existing businesses and add value to our customers" Kiser said in an email
"We rate NELNET INC (NNI) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."
...wages, across the country the nation’s largest companies are earning higher profits per employee than they did five years ago," the unions said. "In 2013, the S&P 500 Index companies earned $41,249 in profits per employee, a 38% increase."
Since FFELP student loan ABS rely on the U S government to reimburse defaults, "AAA'sf FFELP ABS ratings will likely move in tandem with the 'AAA U S sovereign rating. Aside from the U S sovereign rating, defaults and basis risk account for the majority of the risk embedded in FFELP student loan transactions. Additional defaults and basis shock beyond Fitch's published stresses could result in future downgrades. Likewise, a buildup of credit enhancement driven by positive excess spread given favorable basis factor conditions could lead to future upgrades."

More Content

All (98) | News (69) | Reports (0) | Blogs (21) | Audio/Video (0) | Fact Sheets (2) | Press Releases (6)
sort by: Date | Relevance
Fitch Affirms Nelnet 2013-3 Senior & Sub Notes;... [Published Insurance News Net - 4 hours ago]
5k run to raise brain aneurysm awareness [Published Channel 8 Eyewitness News - 11 hours ago]
CIT Group exits student loans as Nelnet muscles... [Published GlobalCapital - 13 hours ago]
Nelnet buys $3.6 billion student loan portfolio [Published Lincoln Journal Star - 15 hours ago]
Why Nelnet (NNI) Stock Is Soaring Today [Published The Street Latest - 15 hours ago]
Sallie Mae Still Looking to Grow FFELP Portfolio [Published Asset Securitization Report Online - 15 hours ago]
Hottest Financial Stocks Now – NNI FCFS NBG EEFT [Published InvestorPlace.com - 16 hours ago]
Nelnet Acquires FFELP Portfolio from CIT [Published Asset Securitization Report Online - 17 hours ago]
CIT Sells Student Lending Business for $1.1 Bil... [Published Monitor Daily - 18 hours ago]
NELNET INC FILES (8-K) Disclosing Entry into a ... [Published HispanicBusiness.com - Apr 16 2014]
CIT : Other Events (form 8-K) [Published 4 Traders - Apr 16 2014]
8-K - NELNET INC (0001258602) (Filer) [Published SEC Filings - Apr 16 2014]
NELNET : Entry into a Material Definitive Agree... [Published 4 Traders - Apr 16 2014]
Nebraska's pay gap second biggest among states,... [Published Lincoln Journal Star - Apr 16 2014]
Fitch Affirms Nelnet 2013-3 Senior & Sub Notes;... [Published Business Wire Professional Services News - Apr 15 2014]
Onondaga County bankruptcies: April 10 [Published Syracuse Online - Apr 15 2014]
Education Department plans to change how it ove... [Published Inside Higher Ed - Apr 15 2014]
MindMixer moving its offices to Kansas City [Published Lincoln Journal Star - Apr 14 2014]
Fitch Affirms the Senior Notes of Oklahoma Stud... [Published Individual.com - Apr 14 2014]
Education News 4.11.14 [Published Southwest Times Record - Apr 11 2014]
Hottest Financial Stocks Now – CSH SLM HLSS BBD [Published InvestorPlace.com - Apr 10 2014]
Fitch Affirms Nelnet Education Loan Funding's 2... [Published Business Wire Professional Services News - Apr 09 2014]
Fitch Affirms Nelnet Education Loan Funding 200... [Published Business Wire Professional Services News - Apr 09 2014]
Fitch Affirms Nelnet Education Loan Funding 200... [Published Business Wire Education News - Apr 09 2014]
Fitch Affirms Nelnet Student Loan Trust Series ... [Published Noodls - Apr 09 2014]
Fitch Affirms Nelnet Student Loan Trust Series ... [Published Business Wire Professional Services News - Apr 09 2014]
Fitch Affirms the Senior Notes of Oklahoma Stud... [Published 4 Traders - Apr 08 2014]
Fitch Affirms Nelnet Student Loan Trust 2004-4 ... [Published PredictWallStreet - Apr 08 2014]
Hottest Financial Stocks Now – TFSL LFC ITUB NLY [Published InvestorPlace.com - Apr 07 2014]
Health Education Solutions Preps EMTs and... [Published Free Press Release - Apr 05 2014]
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Blogs

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Sallie Mae Still Looking to Grow FFELP Portfolio [Published Asset Securitization Report Online - 15 hours ago]
Sallie Mae is still interested in adding to its holdings of Federal Family Education Loan Program loans, even if it took a pass on a $3.6 billion portfolio that CIT sold to Nelnet this month. ...
Nelnet Acquires FFELP Portfolio from CIT [Published Asset Securitization Report Online - 17 hours ago]
The transaction, which was disclosed in a regulatory filing, includes the purchase of residual interests in a total of $2.6 billion of securitized student loans and related assets and approximately $950 million of unsecuritized student loans. ...
Fitch Affirms Nelnet 2013-3 Senior & Sub Notes;... [Published Business Wire Professional Services News - Apr 15 2014]
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the Nelnet Student Loan Trust 2013-3 senior note at 'AAAsf' and the subordinate note at 'A+sf'. The Rating Outlook remains Stable. KEY RATING DRIVERS High Collateral Quality: The trust collateral is comprised ...
Fitch Affirms Nelnet Education Loan Funding's 2... [Published Business Wire Professional Services News - Apr 09 2014]
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the senior notes at 'AAAsf' and upgrades the subordinate notes to 'AAsf' from 'A+sf' issued by Nelnet Education Loan Funding 2004-1. The Rating Outlook remains Stable on both classes. KEY RATING DRIVERS ...
Fitch Affirms Nelnet Education Loan Funding 200... [Published Business Wire Professional Services News - Apr 09 2014]
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the senior notes at 'AAAsf' and subordinate notes at 'AA+sf' issued by Nelnet Education Loan Funding 2004-2. The Rating Outlook remains Stable on all of the notes. KEY RATING DRIVERS High Collateral Quality: ...
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Press Releases

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Nelnet Reports Fourth Quarter 2013 Results [Published Financial Services - Feb 27 2014]
Nelnet, Inc. Announces Results of Fixed Price C... [Published Financial Services - Jan 08 2014]
Nelnet, Inc. Amends and Extends Fixed Price Cas... [Published Financial Services - Dec 17 2013]
Nelnet, Inc. Commences Fixed Price Cash Tender ... [Published Financial Services - Dec 02 2013]
Nelnet Appoints Mike Dunlap Executive Chairman ... [Published Financial Services - Nov 14 2013]
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