Nelnet Servicing LLC
Lincoln, NE Doing business as Nelnet Business Services Part of Nelnet Diversified Solutions, LLC
- UEI
- MNXKQ62J7AE8
- CAGE
- 5JZQ5
- Primary NAICS
- 522390 Other Activities Related to Credit Intermediation
- SAM.gov registration
- Active through
Company facts
- FY2025 rankings
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Other NAICS codes in SAM.gov
- Corporate family
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-
Parent
Lincoln, NE
KQHJEPVWRNQ6
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Parent
Lincoln, NE
KQHJEPVWRNQ6
- SAM.gov registration date
- Physical address
- 121 S 13th St, Lincoln, NE 68508, USA
- Website
- nelnet.com
- Founded
- 1996
- Employees
- 5K-10K
- Estimated annual revenue
- $500M-$1B
- Industry
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- Consumer Discretionary
- Consumer Services
- Diversified Consumer Services
- Education Services
- SIC code
- 87 Engineering & Management Services
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $0 |
| FY2026 | $296,537,995 |
| FY2025 | $397,232,037 |
| FY2024 | $407,359,352 |
| FY2023 | $350,642,668 |
Top agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Education | $296,537,995 |
Contract awards
Latest 5 listed here. See the rest on GovTribe.
Contract subawards
| Prime contractor | Prime award | Amount | Awarded |
|---|---|---|---|
| Central Research Inc. | 91003123F0318 | $399,277 | |
| Central Research Inc. | 91003123F0318 | $204,244 | |
| Central Research Inc. | 91003123F0318 | $516,097 | |
| Central Research Inc. | 91003123F0318 | $221,909 | |
| Central Research Inc. | 91003124F0318 | $1,500,374 |
Latest 5 listed here. See the rest on GovTribe.
Similar vendors
| Vendor | Location | Primary NAICS |
|---|---|---|
| Edfinancial Services LLC | Knoxville, TN | 522390 Other Activities Related to Credit Intermediation |
| Maximus Education LLC | McLean, VA | 522390 Other Activities Related to Credit Intermediation |
| Mohela | Chesterfield, MO | 522291 Consumer Lending |
| Central Research Inc. | Lowell, AR | 541611 Administrative Management and General Management Consulting Services |
| PMC Integrity, LLC | Waterloo, IA | 561422 Telemarketing Bureaus and Other Contact Centers |
About the company
Nelnet Servicing LLC, doing business as Nelnet Business Services, operates as the exclusive federal student loan servicing prime contractor for the Office of Federal Student Aid, delivering operations and maintenance, specialty loan assignment services, and platform modernization for the Unified Servicing and Data Solution (USDS) IDIQ and its predecessor indefinite delivery contracts. The Nebraska-based limited liability company, a subsidiary of Nelnet Diversified Solutions LLC, competes full-and-open (no set-asides) and self-performs approximately 98–99% of its federal service delivery, contracting with subcontractors for roughly 1% of hours across SCI-reportable prime contracts.
Nelnet's federal footprint is monolithic: all 75 awards in the source data come from the Department of Education's Office of Federal Student Aid, representing $22.45 billion in combined potential value. The vendor holds two parent vehicles — the USDS IDIQ (awarded April 25, 2023, through April 24, 2033, with a $16 billion ceiling) and an earlier Indefinite Delivery Contract (EDFSA09D0013) — and has issued 40 task orders under the legacy vehicle and 32 under USDS. Recent prime work includes a $210.65 million operations and maintenance delivery order issued April 1, 2026, extending through December 31, 2027, with place of performance in Lincoln, Nebraska; a $392.7 million operations and maintenance delivery order dated July 1, 2024, running through March 31, 2027, with FY2025 invoicing of $312.6 million across 2,097 FTEs at a blended government-paid rate of $71.65 per hour; a $157.3 million operations and maintenance delivery order issued October 1, 2025, for completion August 26, 2026; and a $126.8 million specialty task services order awarded April 1, 2024, covering image repository management, decommissioned servicer data support, and legacy loan consolidation through March 31, 2034. A dedicated $19.978 million Total Permanent Disability loan assignment delivery order runs through June 21, 2034, with FY2025 invoicing of $1.4 million across 4.8 FTEs.
SCI-reported invoiced revenue across Nelnet's federal service contracts reached $1.35 billion from FY2022 through FY2025, with FY2024 peaking at $393.3 million across 2,581 FTEs. The dataset shows government-paid hourly rates ranging from a 10th percentile of $27.54 per hour to a median of $75.02 per hour, with specialized labor categories at the 90th percentile reaching $2,933.07 per hour. The FTE footprint tracked between roughly 1,982 and 2,581 across the four fiscal years, with FY2025 settling at 2,159 FTEs. On the subcontractor side, Nelnet reported 17 named subcontractors across prime contracts, but sub-engagement remained minimal at approximately 1% of total contractor hours. In its subordinate role, Nelnet performs platform modernization and operations and maintenance work under Central Research Inc. as prime, with multiple task orders spanning performance readiness, Authorization to Operate certification, and platform development enhancements since April 2023.
Four awards carrying combined potential value of $609.5 million face ultimate completion within the next twenty-four months, representing recompete exposure in the student loan servicing market. Awards per year have declined sharply after a peak of 24 in 2023, falling to 5 in 2024, 3 in 2025, and 2 through September 2026, reflecting consolidation of work under larger delivery orders rather than continuous new-award activity. The USDS contract family is Nelnet's sole source of federal revenue and strategic anchoring vehicle, making customer concentration absolute and recompete risk concentrated in a single renew-or-lose outcome at April 2033.
Quick answers
Is Nelnet Servicing LLC registered in SAM.gov?
Yes. Nelnet Servicing LLC's SAM.gov registration is active through January 29, 2027.
How much has Nelnet Servicing LLC received in federal contracts?
Federal contracts obligated $397,232,037 to Nelnet Servicing LLC in fiscal year 2025 and $1,451,772,051 in fiscal years 2023 through 2027.
How does Nelnet Servicing LLC rank among federal contractors?
Nelnet Servicing LLC ranked #1 in NAICS 522, #2 at the Department of Education and #2 in PSC R710 in FY2025.
What is Nelnet Servicing LLC's most recent federal award?
Nelnet Servicing LLC's most recent federal contract award is Task order for default prevention pilot for calendar year 2026 (91003126F0055), from Office of Federal Student Aid, on September 25, 2026.
On GovTribe
See Nelnet Servicing LLC's full federal record
- Federal contract awards
- IDV awards
- Subcontracting relationships
- Funding analysis by agency, NAICS and set-aside
- Similar vendors