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As a subsidiary, UNIPAC Service Corporation was then renamed Nelnet Loan Services, Inc. [4] In June 2000, Nelnet acquired In Tuition, Inc., a loan-servicing company based in Jacksonville, Florida, which was founded in 1979. [5] Nelnet became a publicly traded company in 2003, at which point the two founders were co-CEOs. [1]
FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. After the decision, FedLoan accounts were transferred to MOHELA, Edfinancial, Aidvantage and Nelnet.
In October 2017, Great Lakes Higher Education Corporation reached an agreement to sell off 100% of the stock of its subsidiary, the Great Lakes Educational Loan Services, Inc. to Nelnet. [8] The company was to be sold for $150 million, initially keeping CEO Jeff Crosby in charge, but with a plan of consolidating the companies together. [9] On ...
However, FedLoan stopped servicing federal student loans after December 2022 and the Department of Education then transferred the loans it was servicing to Nelnet, Edfinancial, Aidvantage or MOHELA.
The company was founded in 1994 in Minnesota. [13] In March 2010, the company was the target of data theft. The personal information on 3.3 million student-loan borrowers was taken. [15] In March 2018, ECMC Foundation launched its Education Innovation Ventures portfolio. [16] In February 2018, ECMC Group moved its headquarters to Minneapolis ...
Longstanding student loan servicer and originator Nelnet Inc. launched its online-only Nelnet Bank in November 2020 to provide student loan refinancing. ... of the coronavirus outbreak and relief ...
Student Loan Xpress (SLX) is a member company of New York-based CIT Group Inc. SLX became a wholly owned subsidiary of CIT Group, Inc in 2005. They ceased originating loans on April 3, 2008. They ceased originating loans on April 3, 2008.
Currently, employers can provide up to $5,250 in student loan repayment annually as a tax-free benefit for employees. Understanding how these programs work and how to qualify can bring you closer ...