Nelnet Student Loans News
- Nelnet shares jump 7 percent on Q2 report Tuesday, August 12, 2008 @ 4:53PM(AP:LINCOLN, Neb.) Shares of Nelnet Inc. jumped nearly 7 percent on Tuesday, a day after the student lender reported its second-quarter profit nearly tripled as it restructured operations amid tight credit markets.
- Nelnet Reports Strong Second Quarter of 2008 Results Monday, August 11, 2008 @ 3:15PM Nelnet, Inc. today reported GAAP net income for the second quarter of 2008 of $43.7 million, or $0.89 per share, compared with $14.8 million, or $0.30 per share, for the second quarter of 2007.
- Nelnet shares jump on upgrade to "Outperform" Wednesday, June 25, 2008 @ 10:24AM(AP:NEW YORK) Shares of Nelnet Inc. jumped Wednesday after being upgraded to "Outperform" by a Friedman, Billings, Ramsey & Co. analyst, who noted signs of improvement in the student-lending industry.
- Nelnet executives promise opportunity to recover Friday, May 23, 2008 @ 12:03AMBeat up by credit markets, its stock worth half what it was a year ago, Nelnet’s day did not start well Thursday, after its annual shareholders’ meeting at The Cornhusker.
- Student Lender-Stocks Thursday, May 22, 2008 @ 10:26AMShares of industry leader Sallie Mae jumped Wednesday after it became known that the Bush administration is preparing to help struggling lenders in the student lending market by buying up their loans.
- Nelnet suspends quarterly dividend Wednesday, May 21, 2008 @ 4:33PMNelnet, the student loan company based in Lincoln, announced Wednesday that it will “temporarily suspend” its dividend program. Nelnet pays a quarterly dividend of seven cents per share on its common stock.
- Nelnet suspends dividend program Wednesday, May 21, 2008 @ 4:21PM(AP:LINCOLN, Neb.) Student lender Nelnet Inc. said Wednesday it will suspend its dividend program temporarily. The company said in a statement it needs to preserve capital due to the "volatility in capital markets."
- Nelnet Suspends Dividend Wednesday, May 21, 2008 @ 4:00PM Nelnet announced today that it will temporarily suspend its dividend program.
- Nelnet among lenders meeting with feds Tuesday, May 20, 2008 @ 3:33PMWASHINGTON — The student loan industry is pressing the Bush administration to boost its bottom line. Lenders, including industry leader Sallie Mae, say they need some more federal help if they’re going to continue serving college students under the federal student loan program.
- Asia DayAhead: Fed Urges Capital Raising; Paulson Enters Yahoo Thursday, May 15, 2008 @ 3:25PMMay 16 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke pushed banks to keep raising capital in the aftermath of the credit crisis to avert deeper damage to the U.S. economy. Paulson & Co. bought 3.6 percent of Yahoo!
- (AFX UK Focus) 2008-05-12 20:27 Earnings roundup: Ivanhoe Energy, Compass Monday, May 12, 2008 @ 1:40PM(AP) - Among the earnings stories for Monday, May 12, from AP Financial News:
- Earnings roundup: Ivanhoe Energy, Compass Monday, May 12, 2008 @ 1:24PMNEW YORK (AP) _ Ivanhoe Energy Inc., a Canadian oil and gas company, said Monday its first-quarter loss widened, as a drop in production offset higher oil prices.
- Earnings roundup: Ivanhoe Energy, Compass Monday, May 12, 2008 @ 1:13PM(AP) - Among the earnings stories for Monday, May 12, from AP Financial News: NEW YORK (AP) -- Ivanhoe Energy Inc., a Canadian oil and gas company, said Monday its first-quarter loss widened, as a drop in production offset higher oil prices.
- Nelnet earnings drop, but exceed market expectations Monday, May 12, 2008 @ 10:02AMNelnet Inc., the Lincoln student loan company, reported Monday that its base net income for the first quarter decreased to $15.3 million, or $0.29 a share, compared with $24.7 million, or $0.48 per share, in the first quarter of 2007.
- Nelnet swings to loss in 1st quarter Monday, May 12, 2008 @ 9:37AM(AP:LINCOLN, Neb.) Student lender Nelnet Inc. said Monday it swung to a loss in the first quarter, hurt by restructuring-related charges, a loss on the sale of loans and a steep drop in interest income.
- Nelnet Reports First-Quarter 2008 Results Monday, May 12, 2008 @ 6:00AM Nelnet, Inc. today reported a GAAP net loss for the first quarter of 2008 of $69.8 million, or $1.42 per share, compared with GAAP net income of $14.8 million, or $0.29 per share, for the first quarter of 2007.
- (AFX UK Focus) 2008-04-29 16:00 TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 BST Tuesday, April 29, 2008 @ 9:01AM2008-04-29 15:35:01 Countrywide loses $893 million in 1Q on rising loss reserve
- Students look to candidates for loan reform Wednesday, April 23, 2008 @ 11:46PMStudent apathy toward loans might be changing. Over the past year, the loan industry has received increased attention from lawmakers and the media.
- (AFX UK Focus) 2008-04-16 19:05 GMT: Sector Snap: Student lenders fall on margin, funding concern Wednesday, April 16, 2008 @ 12:33PMNEW YORK (AP) - Shares of student lenders were mostly down Wednesday after one was downgraded by an analyst and another said it would stop lending at some schools.
- Nelnet sells loan portfolios, will take $28 million loss Wednesday, April 9, 2008 @ 11:51PMNelnet will incur losses of about $28 million related to the sale of nearly $1.3 billion worth of student loans, the company reported Wednesday in a securities filing.
- Nelnet Sells 2 Student Loan Portfolios Totaling $428 Million and $858 Million Each Wednesday, April 9, 2008 @ 9:50AMNEW YORK (AP) - Student lender Nelnet Inc. has sold two student loan portfolios with total outstanding balances of $858 million and $428 million, according to a Securities and Exchange Commission filing on Wednesday.
- Lawmakers Ask Fed Help for Student Loans Tuesday, March 18, 2008 @ 5:13PM House members from both parties are asking the Federal Reserve to intervene and steady the shaken student loan market. The request Monday came a day after the central bank answered a distress call from the credit market, with a pledge to supply a $30 billion line of credit to back up the assets of Bear Stearns & Co., the investment firm acquired at a fire-sale price by rival JPMorgan Chase & Co.
- Student loan scandal hits home Wednesday, March 12, 2008 @ 9:24AMThe UT System has been included in a national investigation about kickback schemes and pay-offs benefiting lenders, their partner schools and alumni associations at the expense of students trying to control their debt.
- Nelnet exceeds net income expectations Thursday, March 6, 2008 @ 10:46PMPrivate Lincoln-based student loan provider Nelnet has exceeded net income expectations during the 4th quarter of 2007. Nelnet earned a net income of $19 million during the 4th quarter of 2007, compared to a loss of $7.3 million during the 4th quarter of 2006, according to Generally Accepted Accounting Principles.
- Congress cracks down on federal loan conflicts Thursday, March 6, 2008 @ 2:01AMInvestigations into the student loan industry over the last two years have uncovered bribery with financial aid officials and government overcharges, spurring Congress into action.
- NelNet Slips, Analyst Sees Challenges Wednesday, March 5, 2008 @ 5:01PM NelNet Inc. shares slipped Wednesday after a Friedman Billings Ramsey analyst said this is the beginning of a "very challenging period" for the student lender.
- Nelnet Diversifies To Stay Afloat Wednesday, March 5, 2008 @ 4:41PMThe student lender is affected by the credit crunch.
- Lenders predict harsher climate for student loans Saturday, February 23, 2008 @ 10:24PMAmid a widespread tightening of credit, some student lenders predict college loans will be harder and more expensive to come by for the fall. Without a break in the credit crunch — such as stepped-up lending by major banks — the situation could become far worse, these lenders say, leading to many students being unable to fund their educations. “There is no question in my mind that, unless ...
- AP Executive Morning Briefing Wednesday, February 20, 2008 @ 5:08AM The top business news from The Associated Press for the morning of Wednesday, February 20, 2008: Officials: Delta-Northwest Deal at Risk
- AP Executive Morning Briefing Wednesday, February 20, 2008 @ 5:08AMThe top business news from The Associated Press for the morning of Wednesday, February 20, 2008:
