One company will now handle close to half of all student-loan payments [MarketWatch]
Nelnet, Inc. (NNI)
US:NYSE Investor Relations:
nelnet.com/investors
Company Research
Source: MarketWatch
One company will now handle close to half of all student-loan payments Every month, approximately 40 million Americans make payments to a company they know almost nothing about. There are just four major firms contracted by the federal government to process the nation’s student loan checks and after the just-announced merger of two of these firms — Nelnet NNI, +0.38% and Great Lakes — one company will handle more than 40% of all payments. While it might not seem to matter who processes the payments, these companies have an outsize role in the shape of America’s $1.4 trillion student-loan burden. Though the rising cost of college and stagnant wages are the most cited reasons for our nation’s student debt problems, borrower advocates, law enforcement officials and the Consumer Financial Protection Bureau have said the student loan industry itself is also to blame . These processors can often make the difference for struggling borrowers between successfully paying down a debt or the n
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News
- Nelnet to Announce First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Nelnet to Announce First Quarter ResultsPR Newswire
- Nelnet, Inc. (NYSE: NNI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Nelnet Renewable to discontinue residential solar operations and focus on commercial segment [Seeking Alpha]Seeking Alpha
- Nelnet Renewable Energy Sharpens Focus on Commercial Solar [Yahoo! Finance]Yahoo! Finance
NNI
Earnings
- 2/27/24 - Miss
NNI
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- NNI's page on the SEC website