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Nelnet overview

Industry
Financial Services
Revenue
Headquarters
Employees
6,600
Founded In
Website
Organization Type
Public
Social Media
Nelnet provides student loan products and services to students, as well as a full range of student-lending services and technology-based products to schools nationwide. This includes student loan origination and lending, holding, student loan and guarantee servicing and software solutions. Nelnet, based in Lincoln, Nebraska, ranks among the nation's leaders in terms of total student loan assets under management with $26.3 billion in net student loan assets as of March 31, 2008. Nelnet is well positioned to capitalize on industry growth. Its sophisticated technology and software products allow the company to service loans both internally and for third parties. And it facilitates the company's position as a preferred originator and holder of loans for schools and borrowers.
The staff at Nelnet come from unusually diverse demographic backgrounds. The company is 60.1% female and 28.7% ethnic minorities. Nelnet employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 56.0% of employees identifying as members of the Democratic Party. Despite their political differences, employees at Nelnet seem to be happy. The company has great employee retention with staff members usually staying for 3.6 years.The average employee at Nelnet makes $49,531 per year. Pay at Nelnet is significantly lower than some of its highest paying competitors, like Morgan Stanley, Citi, and Federal Deposit Insurance, which pay $103,933, $75,483, and $71,995, respectively.
A large finance company with 6,600 employees and an annual revenue of $498.0M, Nelnet is headquartered in Lincoln, NE.

Nelnet's Mission Statement

To build a diversified education services business that adds true value to our customers in the pursuit of their educational dreams.

4.3/5

Nelnet employee reviews

Based on 8 ratings

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Job openings at Nelnet
306 Positions
Average salary at Nelnet
$49,531 yearly

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Nelnet employee reviews

Nelnet employee reviews
4.3/5

Based On 8 Ratings

Work At Nelnet? Share your experience.
Employee Reviews
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3.0
A zippia user wrote a review on Aug 2024
Pros of working at Nelnet

Working remote with a flex schedule. I have also made many friendships while working at Nelnet.

Nelnet Benefits

Working at home with a flex schedule allows me to schedule my appointments and work at the best time of day for me.

Cons of working at Nelnet

I prefer working from home.

What do you like best about Nelnet's CEO and the leadership team?

I like the ability to be a part of meetings that inform us of company status and goals.

How would you improve Nelnet's culture?

I would improve communication between upper management and employees. Incentives and encouraging employees working together would also be helpful.

How did you prepare for the Nelnet interview?

I prepared for my interview by researching the company and the position I applied for before the interview.

How does your compensation at Nelnet compare to the industry average?

The compensation appears to be average in the industry.

What's the diversity at Nelnet like?

The representation is positive and there are numerous opportunities to become involved with it.

What brings you the most joy at Nelnet?

Positive attitudes and regular feedback from supervisors. Also the ability to learn and work with co workers.

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5.0
A zippia user wrote a review on Apr 2024
Pros of working at Nelnet

Learn more about student loans and the processes that I've ever known before

Cons of working at Nelnet

Does not have a long-term remote position available

What do you like best about Nelnet's CEO and the leadership team?

The main interaction with the leadership team that I've had has been with my team lead and supervisors and I feel like they all work together very well

How did you prepare for the Nelnet interview?

Honestly the interview was so long ago that I really don't remember much about it

What brings you the most joy at Nelnet?

Helping the customers with their loans trying to get them the best possible outcome

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2.0
A zippia user wrote a review on Jan 2024
Pros of working at Nelnet

Well I go to strayer and it’s communications llc on the security exchange dot gove

Cons of working at Nelnet

I have to drop 3 notices in the mail registered to get paid and get that crap discharged

Nelnet Benefits

When my tender is wired to my TDA and my mortmain account is exhausted by my estate and private bank estate and trust eins because I adopted that dead ssn mortmain account in Puerto Rico I’m about to send my f56 966 211 w8ben writ of execution this week when I drop this notice to Jim James Kruger

What do you like best about Nelnet's CEO and the leadership team?

I’m not part of that herd I am alive and not dead and I’m a SIRE Garth no middle and last name

How would you improve Nelnet's culture?

Stop making it hard for Garth and the hell with everyone else who will never take their time to learn what I have learned

How did you prepare for the Nelnet interview?

I didn’t I’m effortless and I don’t give a fat baby damn

How does your compensation at Nelnet compare to the industry average?

Whatever they say my debt is but I have no debt I’ll show you shortly how I have no debt

What's the diversity at Nelnet like?

I don’t

What brings you the most joy at Nelnet?

The game . This is a game to me and I’m the main player

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5.0
A zippia user wrote a review on Aug 2023
Pros of working at Nelnet

They treat their employees great through personal relationships and wellness benefits.

Nelnet Benefits

Wellness Benefits

Cons of working at Nelnet

Pay is relatively low

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4.0
A zippia user wrote a review on Apr 2020
Pros of working at Nelnet

Challenging but rewarding work experience. Positive management and work environment.

Cons of working at Nelnet

High stress levels, always feel like you're working even when not on a call.

Nelnet Benefits

Location, above average pay with easily obtainable job advancement plans.

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The team at Nelnet

  • The key people at Nelnet is Jeffrey R. Noordhoek.
Key People
Jeffrey R. Noordhoek

Nelnet Rankings

Nelnet is ranked #56 on the Best Companies to Work For in Nebraska list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Nelnet salaries

The average a Nelnet salary in the United States is $49,531 per year. Nelnet employees in the top 10 percent can make over $88,000 per year, while Nelnet employees at the bottom 10 percent earn less than $27,000 per year.
Average Nelnet Salary
$49,531
yearly
$23.81 hourly
Updated March 14, 2024

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Nelnet diversity

9.8
Diversity Score
We calculated Nelnet’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Nelnet’s workforce.
Nelnet diversity summary. Zippia estimates Nelnet's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Nelnet's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Nelnet's workforce.
  • Nelnet has 6,600 employees.
  • 60% of Nelnet employees are women, while 40% are men.
  • The most common ethnicity at Nelnet is White (71%).
  • 12% of Nelnet employees are Hispanic or Latino.
  • 7% of Nelnet employees are Asian.
  • The average employee at Nelnet makes $49,531 per year.
  • Nelnet employees are most likely to be members of the democratic party.
  • Employees at Nelnet stay with the company for 3.6 years on average.

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Nelnet Office Locations

Nelnet is headquartered in Lincoln, NE

Biggest Nelnet Locations

RankCityJob CountAvg. Salary
1Phoenix, AZ36$47,224
2Indianapolis, IN36$46,302
3Denver, CO36$49,812
4Washington, DC36$54,468
5Boston, MA36$53,653
6Sacramento, CA36$54,174
7Columbus, OH19$47,900
8Austin, TX17$48,428
9Nashville, TN15$45,894
10Oklahoma City, OK14$45,019

Nelnet Financial Performance

9.9
Performance Score

We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Nelnet currently has 498.7M in revenue. Nelnet's most recent quarter produced 125.2m (q2'2023).

Nelnet annual revenue

$620M
$496M
$372M
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Highest paying Nelnet competitors

Compare Nelnet salaries to competitors, including Morgan Stanley, Citi, and Federal Deposit Insurance. Employees at Morgan Stanley earn the highest average yearly salary of $103,933. The salaries at Citi average $75,483 per year, and the salaries at Federal Deposit Insurance come in at $71,995 per year.

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Zippia gives an in-depth look into the details of Nelnet, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Nelnet. The employee data is based on information from people who have self-reported their past or current employments at Nelnet. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Nelnet. The data presented on this page does not represent the view of Nelnet and its employees or that of Zippia.

Nelnet may also be known as or be related to Nelnet, Nelnet Inc, Nelnet Student Loan Corp. 1 and Nelnet, Inc.