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NNI - Nelnet Inc
0.89(1.26%)7:58:34 PM 2/24/2021
Nelnet, Inc., 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.
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    Wells Fargo to sell student-loan portfolio

    Wells Fargo & Co. said late Friday it has agreed to sell its private student loan portfolio to investors, with Firstmark, a division of Nelnet Inc. assuming responsibility for servicing the portfolio upon the sale. Wells Fargo said it has notified customers in September of its intention to exit the private student loan business, and the deal is expected to close in the first half of 2021. The company will continue to accept new student-loan applications from existing private student loan custo...