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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 February 7, 2018, Nelnet announced that it had completed the acquisition of Great Lakes Educational Loan Services, Inc.. [6] The loan servicing operation is now a fully owned subsidiary of ...
Ask your employer about SECURE 2.0. If your company has a matching retirement plan, ask about this new provision in SECURE 2.0 that counts student loan payments toward your 401(k).It's effective ...
As CNBC reported, a 2021 study from the Employee Benefit Research Institute found that close to 50% of the 250 companies it surveyed either already offered a student loan debt assistance program ...
Under the overhaul, five companies will take over student loan servicing. Four already hold contracts with the Education Department servicing student loans, while the fifth, Central Research, Inc ...
The Education Department relies on Congress to appropriate money each year to pay loan servicing companies — such as Nelnet, MOHELA and Aidvantage — to manage borrowers’ payments.
As a subsidiary, UNIPAC Service Corporation was then renamed Nelnet Loan Services, Inc. [5] In June 2000, Nelnet acquired In Tuition, Inc., a loan-servicing company based in Jacksonville, Florida, which was founded in 1979. [6] Nelnet became a publicly traded company in 2003, at which point the two founders were co-CEOs. [1]
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