industry financial services founded 1978 1978 headquarters lincoln nebraska united states key people michael s. dunlap chairman jeff noordhoek chief executive officer products education finance student loans website http www.nelnet.com nelnet is a united states based conglomerate that deals in the administration and repayment of student loans and education financial services . the company is headquartered in lincoln nebraska . the company provides a range of products through its subsidiaries that include ; customer service for student loan borrowers technology related to student loan customer service outsourcing services for guaranty agencies tuition payment plans education planning enrollment related services and higher education planning tools . nelnet holds over 25 billion in student loans as of 2007 roughly one third of all federally subsidized student loans currently held by students in the united states . contents 1 history 2 lines of business 2.1 nelnet diversified solutions nds 2.2 nelnet enrollment services nes 2.3 nelnet business solutions nbs 2.3.1 facts management 2.4 other subsidiaries 3 controversies 4 charitable giving 5 references 6 external links history edit nelnet was founded as the unipac loan service corporation in 1978 and renamed nelnet in 1996 . nelnet owns over 50 subsidiaries that administer and collect student loans throughout the united states and canada such as intuition infinet loanstar and tricura canada inc. also through their subsidy facts management they own renweb a school management program . one of their lobbyists is clark lytle gelduldig & cranford . 1 lines of business edit nelnet diversified solutions nds edit provides customer service for student loan borrowers technology related to student loan customer service and outsourcing services for guaranty agencies . one of the main nds lines of business is proxi a business process outsourcing company based in lincoln nebraska and aurora colorado . nds companies also include nelnet loan servicing firstmark services grantpro responsible repay and campusguard . nelnet enrollment services nes edit provides education planning and enrollment related services that give parents students and schools access to online educational resources and higher education planning tools . through nes students can search for colleges and graduate schools learn about admissions find scholarships prepare for tests and more . in addition nes helps colleges and universities recruit prospective students with interactive marketing strategies enabling them to reach their enrollment goals . nes includes peterson s interactive peterson s publishing essayedge and government services . nes used to include sparkroom until january 31st 2016 . as of february 1st 2016 digital media solutions dms bought sparkroom from nelnet . 2 nelnet business solutions nbs edit provides tuition payment plans donor services and financial aid services to families with students attending private and faith based k 12 schools as well as for colleges and universities . nbs includes facts management nelnet business solutions and nelnet transaction solutions nts . facts management edit main article renweb facts management bought out renweb in june 2014 . 3 renweb is a provider of an online school management program which is mostly used in the private school market at over 3500 schools . 4 other subsidiaries edit resumeedge which includes resumebuilder offers professional resume writing tools and resources . total well being provides services that motivate organizations employees to achieve health & wellness goals . 5 total well being strive is an online fitness and wellness tracker created in house at nelnet and launched in early 2014 . with the ability to be tailored to customer s needs total well being strive tracks nutrition and fitness while providing challenges to encourage employees to adopt a lifestyle of wellness . health education solutions an expert online certification course provider in the health education field offers advanced cardiac life support acls and pediatric advanced life support pals training and certification according to the latest american heart association guidelines . nelnet also invests in a number of startup companies including hudl nebraska global eyeverify travefy and mindmixer . 6 controversies edit in february 2007 new york attorney general andrew cuomo launched an investigation into alleged deceptive lending practices by student loan providers including the college board educap nelnet citibank and sallie mae . the new york times reported in august 2007 that jon bruning nebraska attorney general allowed nelnet to be forgiven the 1 million settlement the company reached with bruning in april 2007 . 7 8 nelnet was accused of industry wide kickbacks improper inducements and gifts from student loan providers to colleges and universities . nelnet agreed to provide 1 million to the state in support of a national financial aid awareness campaign . bruning decided in august 2007 to forgive nelnet its 1 million obligation after the company announced that it had reached a separate 2 million settlement with new york state attorney general andrew cuomo . 8 nelnet has also made financial contributions to united states congressional campaigns including a contribution from nelnet and union bank & trust company of 16 100 to jon bruning nebraska attorney general for his senate election campaign . 9 a united states department of education audit revealed that from 1993 to 2007 nelnet had utilized a loophole in federal tax legislation that allowed the company to receive a higher interest rate on specified loans generating 278 million from taxpayers . 10 nelnet disputed the findings of the audit through a letter written to the united states department of education letting them know of this loophole and ultimately u.s. department of education ruled that nelnet would keep the 278 million . the chronicle of higher education reported in august 2010 that nelnet settled a case for 55 million . the suit was filed by a former department of education researcher named dr. jon oberg . nelnet and other lenders were accused of defrauding taxpayers of billions of dollars in student loan subsidies . the largest student lender in the country sallie mae is also listed as a defendant in the case . charitable giving edit some of the organizations that nelnet gives time and or money to include teammates the learn to dream scholarship united way of america and junior achievement . the nelnet foundation was formed in 2004 . since its inception it has awarded more than 10 million in charitable funds to regional and national charities . 11 references edit students lenders clash over loan subsidies by aoife mccarthy 3 20 07 politico.com sparkroom announces new ownership & service expansions sparkroom . sparkroom . retrieved 2016 02 16 . facts management acquires renweb renweb . renweb . retrieved 2016 02 16 . about us renweb . renweb . retrieved 2016 02 16 . total well being a holistic approach to wellness . www.nelnet.com . retrieved 2016 02 16 . mindmixer nabs 4 million from nelnet dundee optimas and others . silicon prairie news . nelnet s friend with benefits newamerica.org . archived from the original on 21 march 2014 . retrieved 16 february 2016 . a b nebraska attorney general defends nelnet and assails cuomo investigation . the chronicle of higher education . lender overcharged u.s. 1 billion audit finds . insidehighered.com . nelnet to pay 55 million to resolve whistle blower lawsuit . the chronicle of higher education . organization report . www.guidestar.org . retrieved 2016 02 16 . external links edit official website nelnet letters to the letter to nebraska attorney general retrieved from https en.wikipedia.org w index.php title nelnet & oldid 738601902 categories companies listed on the new york stock exchangeeducation financestudent financial aidfinancial services companies of the united statescompanies based in lincoln 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