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What Really happened (Free subscription) | 28/11/2009
Banksters took a hit through disclosure of court documents of US lawsuit for $280 million for fraud to college students through student loan disinformation. JP Morgan, Citigroup and Nelnet are the defendants in the lawsuit. Banksters have sucked trillions through direct transfer of American taxpayer money to their pockets. This suit is heartening and I hope shows true law enforcement for the public...
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Business Wire (Free subscription) | 25/11/2009
NEW YORK--(BUSINESS WIRE)--Fitch rates Nelnet Student Loan Trust 2009-3 as follows: -- $418,900,000 student loan asset-backed notes 'AAA'/LS1'; Outlook Stable. For more information, see the Nelnet Student Loan Trust 2009-3 presale report available on 'www.fitchratings.com'. Additional information is available at 'www.fitchratings.com'. ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND...
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Connecting the Dots in the New World Order (Free subscription) | 24/11/2009
Just when you thought that the dust had settled from the scandals of Wall Street (at least temporarily), details come out of another Ponzi scheme by the titans of banking, this time with student loans. According to recently released court documents, Citigroup, JP Morgan and the education finance company Nelnet are being sued by the federal government for fraud of nearly $280 million from their participation...
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Business Wire (Free subscription) | 20/11/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the senior student loan notes of the National Education Loan Network (Nelnet) Student Loan Corp.-1, 1996 Trust Indenture. The Rating Outlook remains Stable. The trust has been producing excess spread, and the parity for the senior notes is at 163.92% as of Sept. 30, 2009 and increasing. A complete list of rating actions follows at the end of this release....
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Business Wire (Free subscription) | 20/11/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects to rate Nelnet Student Loan Trust 2009-3 (NSLT 2009-3) as follows: --$418,900,000 student loan asset backed notes 'AAA'. For more information, see the NSLT 2009-3 presale report, available to all investors on Fitch's corporate site, 'www.fitchratings.com'. Additional information is available at www.fitchratings.com. ALL FITCH CREDIT RATINGS ARE SUBJECT...
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SeekingAlpha.com (Free subscription) | 13/11/2009
Jim Trippon submits: Nelnet ( NNI ), the student loan provider, said it will reinstate its 7-cent quarterly dividend in the current quarter after suspending the payout in the second quarter of 2008. The news comes after Nebraska-based Nelnet said its third-quarter beat analysts' estimates. The new dividend will be payable to shareholders of record on December 15. For-profit education provider DeVry...
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PR News Wire (Free subscription) | 09/11/2009
LINCOLN, Neb., Nov. 9 /PRNewswire-FirstCall/ -- Nelnet (NYSE: NNI) today reported base net income of $50.2 million, or $1.01 per share, for the third quarter of 2009, compared with $23.4 million, or $0.47 per share, for the same quarter a year ago. For the first nine months of 2009, the company reported base net income of $113.5 million, or $2.30 per share, compared with $65.2 million, or $1.33 per...
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Seattle Times (Free subscription) | 06/11/2009
U.S. Sen. Mike Johanns said Thursday that his concern for Nebraska families is what's driving his opposition to legislation that would turn control of student loans over to the government - not lobbying from private student loan provider Nelnet Inc. of Lincoln.
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San Fransisco Chronicle (Free subscription) | 06/11/2009
U.S. Sen. Mike Johanns said Thursday that his concern for Nebraska families is what's driving his opposition to legislation that would turn control of student loans over to the government _ not lobbying from private student loan provider Nelnet Inc. of... Nebraska - Student loan - Mike Johanns - Private student loan - Business
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Business Wire (Free subscription) | 30/10/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms and assigns Stable Rating Outlooks to the senior student loan notes of the National Education Loan Network (Nelnet) series 2007-2 notes. The trust parity ratios have been increasing since closing, and the parity for the senior notes are at 105% as of the Aug. 31, 2009 collection period. A complete list of rating actions follows at the end of this press...
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Business Wire (Free subscription) | 30/10/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms and assigns Stable Rating Outlooks to the senior student loan notes of the National Education Loan Network (Nelnet) series 2005-4. The trust has been producing excess spread, and the parity for the senior notes is at 104.9% as of Aug. 31, 2009 and increasing. A complete list of rating actions follows at the end of this press release. Fitch's Global Structured...
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Business Wire (Free subscription) | 30/10/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms and assigns Stable Rating Outlooks to the senior student loan notes of the National Education Loan Network (Nelnet) series 2007-1. The trust has been producing excess spread, and the parity for the senior notes is at 104.1% as of July 31, 2009 and increasing. A complete list of rating actions follows at the end of this press release. Fitch's Global Structured...
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Business Wire (Free subscription) | 30/10/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms and assigns Stable Rating Outlooks to the senior student loan notes of the National Education Loan Network (Nelnet) series 2003-2. The trust has been producing excess spread, and the parity for the senior notes is at 109.3% as of Sept. 30, 2009 and increasing. A complete list of rating actions follows at the end of this press release. Fitch's Global...
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PR News Wire (Free subscription) | 26/10/2009
LINCOLN, Neb., Oct. 26 /PRNewswire-FirstCall/ -- Nelnet, Inc. (NYSE: NNI) today announced it will issue an earnings release for the third quarter of 2009 before market open on November 9, 2009. Nelnet will host a conference call to discuss the results at 11:00 a.m. (Eastern) on November 10, 2009.
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The Business Insider (Free subscription) | 25/10/2009
We reported this week that recently unsealed court documents show that JPMorgan (JPM) and Citigroup (C) are being sued in a whistle-blower suit for conspiring with education finance company Nelnet (NNI) to allegedly receive federal student loan subsidies by making false claims and illegally recruiting more borrowers. Despite such accusations, Nelnet was one of four companies awarded contracts in June...
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