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Nelnet
Nelnet, Inc. is a United States–based conglomerate that primary focused on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska. History Nelnet was founded in 1996 by Mike Dunlap and Steve Butterfield. In March 2000, Nelnet bought ''UNIPAC Service Corporation'', an existing loan servicing company which was founded in 1978 and based in Denver, Colorado. As a subsidiary, ''UNIPAC Service Corporation'' was then renamed ''Nelnet Loan Services, Inc.'' In June 2000, Nelnet acquired ''In Tuition, Inc.'', a loan-servicing company based in Jacksonville, Florida, which was founded in 1979. Nelnet became a publicly traded company in 2003, at which point the two founders were co-CEOs. In August 2003, the parent company was renamed from ''Nelnet Loan Services, Inc.'' to sim ...
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Great Lakes Higher Education Corporation
Great Lakes Higher Education Corporation was one of the largest student loan providers and guarantors in the United States. Headquartered in Madison, Wisconsin, the corporation is non-profit. It was one of the four largest companies which service United States federal student loans: ''Great Lakes'', Nelnet, Navient, and the Pennsylvania Higher Education Assistance Agency. In 2018, the loan servicing part of the organization was sold to Nelnet. The company sometimes gives education-related grants, with a focus on increasing access to higher education. Loan servicing The former loan servicing arm of Great Lakes, the ''Great Lakes Educational Loan Services, Inc.'' guaranteed over $51 billion in loans under FFELP, and works with 6,000schools, 1,100lenders and 10,000,000borrowers. In order to replace their loan servicing contract with the United States Department of Education, which expired on June 16, 2019, Great Lakes decided in 2016 to make its bid for a new contract in cooperation ...
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Student Loans In The United States
In the United States, student loans are a form of Student financial aid (United States), financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships and bursary, bursaries which are not repaid, and Grant (money), grants, which rarely have to be repaid. Student loans may be discharged through bankruptcy, but this is difficult. Research shows that access to student loans increases credit-constrained students' degree completion and later-life earnings while having no impact on overall debt. Student loan debt has proliferated since 2006, totaling $1.73 trillion by July 2021. In 2019, students who borrowed to complete a bachelor's degree had about $30,000 of debt upon graduation. Almost half of all loans are for graduate school, typically in much higher a ...
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Peterson's
Peterson's is an American company that has print and digital products and services, including test preparation, memory retention techniques, and financial aid and scholarship searches. Peterson's is currently headquartered in Denver, Colorado. It was formerly headquartered for many years in Lawrence Township, New Jersey. Peterson's has negotiated contracts with the U.S. Military to offer individualized portals for enlisted Army, Navy, Marine Corps, Coast Guard, and Air Force personnel. Online test prep is available for the ASVAB and various college readiness exams. History Peterson's was privately held until its 1995 purchase by The Thomson Corporation. It became part of Thomson Learning (spun off in 2007 as Cengage Learning). On July 27, 2006, Peterson's was acquired by the Nelnet family of companies. Peterson's has acquired several companies in the educational space, including the Dean Vaughn Total Retention System in 2015 and thPeterson's Velocity(formerly Mind Stream ...
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Jon Bruning
Jon Cumberland Bruning (born April 30, 1969) is an American politician who served as the 32nd Attorney General of Nebraska from 2003 to 2015. A member of the Republican Party, he previously represented the 3rd district in the Nebraska Legislature from 1997 until 2003. He was a candidate in the 2012 United States Senate election in Nebraska, losing the Republican nomination to Deb Fischer and in the 2014 Nebraska gubernatorial election, also losing the nomination to Pete Ricketts. Early life, education and legal career Bruning was born and raised in Lincoln, Nebraska, a fifth generation Nebraskan, and graduated from Lincoln Southeast High School. After high school, Bruning went on to the University of Nebraska where he received a bachelor's degree in 1990 with High Distinction. Bruning was a member of Phi Beta Kappa and the Innocents Society, a senior honor society at Nebraska that honors 13 seniors for leadership, scholarship and service. After completing his undergraduate stu ...
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Sallie Mae
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking. Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans. The company's primary business is creating, servicing, and collecting private education loans. The company also provides online tools and resources for college planning. Sallie Mae previously originated federally guaranteed student loans under the Federal Family Education Loan Program (FFELP) and worked as a servicer and collector of federal student loans on behalf of the Department of Education. The company now offers private education loans and manages more than $12.97 billion in assets. On April 30, 2014, Sallie Mae spun off its loan servicing operation and most of its loan portfolio into a separate, p ...
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Lincoln, Nebraska
Lincoln is the List of capitals in the United States, capital city of the U.S. state of Nebraska. The city covers and had a population of 291,082 as of the 2020 census. It is the state's List of cities in Nebraska, second-most populous city and the List of United States cities by population, 72nd-most populous in the United States. The county seat of Lancaster County, Nebraska, Lancaster County, Lincoln is the economic and cultural anchor of the Lincoln, Nebraska metropolitan area, home to approximately 345,000 people. Lincoln was founded in 1856 as the village of Lancaster on the wild inland salt marsh, salt marshes and arroyos of what became Lancaster County. Renamed after President Abraham Lincoln, it became Nebraska's state capital in 1869. The Bertram G. Goodhue–designed Nebraska State Capitol, state capitol building was completed in 1932, and is the nation's second-tallest capitol. As the city is the seat of government for the state of Nebraska, the state and the U.S. ...
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Travefy
Travefy () is a company based in Lincoln, Nebraska, that builds itinerary management and communication software for travel professionals including travel agents and tour operators among others. Travefy also provides online and mobile group travel planning apps that allow users to organize group travel, create itineraries, and track and split expenses. Travefy was founded in 2012 by Columbia Business School graduate, David Donner Chait and Nebraska-based developer, Chris Davis. In April 2015, Travefy received a $1.8 million Series A investment and a key partnership with Travel and Transport, the 5th largest travel management company in the United States. Other investors in Travefy include Nelnet, Nebraska Global, Columbia University of New York City, Nebraska Angels, Linseed Capital LLC, and Campus Evolution Villages. Travefy has been covered in national publications such as ''Forbes'', ''The New York Times'', ''Entrepreneur'', '' U.S. News & World Report'', and ''Fast Company ...
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Hudl
Hudl is a product and service of Agile Sports Technologies, Inc., a Lincoln, Nebraska based company providing tools for coaches and athletes to review game footage and improve team play. Its initial product line served college and professional American football teams; today the company provides video services to youth, amateur, and professional teams in American football as well as other sports including soccer, basketball, volleyball and lacrosse. Founded in 2006, the company is based in Lincoln's historic Haymarket District. Initially the company sourced talent from the University of Nebraska–Lincoln, including the Jeffrey S. Raikes School; today the company has employees across a number of states in America and internationally, with office locations in London and Sydney. In August 2013, according to Inc. Magazine, Hudl was the 149th fastest growing private company in the United States, and the fastest-growing private company in Nebraska. Hudl was the fastest growing ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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Citibank
Citibank, N.A. ("N. A." stands for "National bank (United States), National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation, multinational corporation. Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. The bank has branch (banking), branches in 19 countries. The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. As of 2023, Citibank is the third-largest bank in the United States in terms of assets. History Founding 19th century The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few became President of the bank, staying until 1817, followed by Peter Stagg (1817–1825), Thomas Smith (1825–1827), Isaac ...
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EduCap
EduCap is an American private non-profit education finance company that was established in 1987. The Catherine B. Reynolds Foundation is the philanthropic affiliate of EduCap Inc. History From the 1980s, increasing college tuition costs created demand for more funding than could be provided by federal aid programs. In 1987, Father John Whalen, a Catholic priest, founded a non-profit loan program to provide private funding for college students in the District of Columbia who did not qualify for government financial aid. In 1988, Catherine B. Reynolds joined the foundation as comptroller, and renamed the foundation EduCap. Catherine Reynolds soon became President of the student loan company. EduCap was insolvent when Reynolds was hired, but, as reported by ''The Washington Post'', she established a nationwide private education loan program and established a for-profit affiliate, Servus Financial. It became the first education loan company to securitize credit-based private loans o ...
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The College Board
The College Board, styled as CollegeBoard, is an American not-for-profit organization that was formed in December 1899 as the College Entrance Examination Board (CEEB) to expand access to higher education. While the College Board is not an association of colleges, it runs a membership association of institutions, including over 6,000 schools, colleges, universities, and other educational organizations. The College Board develops and administers standardized tests and curricula used by K–12 and post-secondary education institutions to promote college-readiness and as part of the college admissions process. The College Board is headquartered in New York City. David Coleman has been the CEO of the College Board since October 2012. He replaced Gaston Caperton, former governor of West Virginia, who had held this position since 1999. The current president of the College Board is Jeremy Singer. In addition to managing assessments for which it charges fees, the College Board provides ...
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