Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
Nelnet Inc holds student loans and engages in student loan servicing and tuition payment processing. The majority of company revenue is interest income from the student loans the company holds. Nelnet holds student loans that it originated under the Federal Family Education Loan Program before 2010. Because of the Health Care and Education Reconciliation Act of 2010, which authorized only the federal government to originate these loans, Nelnet cannot originate new student loans, but it can and does purchase existing loans from other lenders. Virtually all other company revenue comes from fees it earns by servicing student loans owned by itself and others, including the government, and tuition payment processing for over 1200 colleges and universities as well as nearly 11,000 K-12 schools.
Lincoln, NE, 68508