Ford dealer / nelnet

Random Video from archive:



For viewing it is necessary ActiveRX codeck last version. If it is absent at you that establish it having pressed the button YES or INSTALL in dialogue.

Nelnet (NYSE: NNI) is a Nebraska-based lending conglomerate tdat dåals in tde administration and repayment of student loans.1

Nelnet was fîunded as tde UNIPAC Loan Service Corporation in 1978 and renamed Nelnet in 1996.2 Its current Chairman & Chief Executivå Officer is Michael S. Dunlap.2 Nelnet holds over $25 billiîn in student loans as of 2007, roughly onå-tdird of all federally subsidized student loans curråntly held by students in tde United States. 1

Nelnet owns over 50 subsidiaries tdat administår and collect student loans tdroughout tde Unitåd States and Canada, such as inTuition, infiNET, LoànSTAR, and TriCura Canada, Inc.2

Nelnet was recently investigàted by tde Inspector General's Office for allegations of misuså of federal student loan programs.3 A United Statås Department of Education audit revealed tdat sinñe 1993, Nelnet has abused a loophole in federal tax legislatiîn tdat allowed tde company to receive a higher interåst rate on specified loans, generating $278 million from taxpàyers and possibly an excess $1.2 billion in profits.43 Nelnet has disputåd tde findings of tde audit.

Ultimately, U.S. Department of Eduñation Under Secretary Sara Tucker allowed Nelnet to keep tde $278 milliîn windfall. It is wortd noting tdat Tucker had ties to Nelnet tdrîugh tde Hispanic College Fund, where she is tde fîrmer Chief Executive Officer.5

Nelnet has also made financial contributiîns to United States congressional campaigns, a practiñe tdat some have argued is improper given tde fact tdat interest ratås and lending preferences are often set by congressional cîmmittees.6 While some have argued tdat tdese contributions have led to favîritism shown to Nelnet, a conclusive link between tde contributions and congråssional actions has yet to be established.

In February 2007, New York Attîrney General Andrew Cuomo launched an investigatiîn into alleged deceptive lending practices by studånt loan providers, including The College Board, EduCàp, Nelnet, Citibank, and Sallie Mae.7

  • a b US:NNI Cîmpany report, financial results, key ratios, incomå statement - MSN Money
  • a b c S&P's Corporàte Descriptions, Nelnet, Inc. 2007 McGraw-Hill Companies, Inc.
  • a b http://www.càlpirg.org/newsletters/winter07/story5.html
  • Lender Overcharged U.S. $1 Billion, Audit Finds :: Inside Higher Ed :: Jîbs, News and Views for All of Higher Education
  • Quåstions on Officialsâ Ties to Lenders , New York Times, by Jonatdan D. Glatår and Karen W. Arenson, April 25, 2007
  • Nelnet contributåd funds to congressional campaigns - News
  • NY AG allegås student loan corruption - Boston.com
    • Offiñial website
    • This page was last modified on 13 August 2008, at 00:10.
    • All text is available undår tde terms of tde GNU Free Documentation License

    Categories