Feb 19, 2021 at 6:03AM
Student loan forgiveness has been a hotly debated topic in the early days of Joe Biden s presidency. Among the many potential beneficiaries is one small Lincoln, Nebraska, company that could rake in more than $1 billion in cash flow if the loans are forgiven. Here s how.
Background
Nelnet (NYSE:NNI), a mini Nebraska-based conglomerate, owns a $19 billion student loan portfolio. Thanks to the 1965 Federal Family Education Loan (FFEL) program, Nelnet s student loan portfolio has very little credit risk. The program established that if a borrower defaults on his or her student loans, the federal government is responsible for paying at least 97% of the principal and interest back to the lender.
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BenefitEd Offers Tuition Reimbursement Program to Employers
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LINCOLN, Neb., Jan. 21, 2021 /PRNewswire/ BenefitEd a joint venture between Ameritas and Nelnet is offering Tuition Reimbursement program administration to companies of all sizes as part of their comprehensive suite of educational benefits programs to help employers recruit and retain employees.
Many employers offer Tuition Reimbursement benefits to help employees pay for continuing their education. BenefitEd will make this benefit even easier for employers by acting as a third-party administrator to support the program, freeing up more time for staff to spend elsewhere. As a provider of tuition assistance and student loan benefits, we will be able to assist employers with all Sec 127 tax-preference benefits, said Michael Riordan, CEO of BenefitEd.
The regular meeting of the Valentine City Council was held Thursday, January 14th. A lot of routine business matters were quickly taken care of. The council approved liquor licenses for Heart City Drug and the Corner Pub. The council also approved several preliminary agreements with Allo Communications as the city prepares for a new cable TV, Internet and phone provider. It is hoped that cable TV interruptions will be minimal and in some instances, not at all. The city council also approved an economic development loan to Heath and Courtney Bristol to assist in their efforts to purchase the Frosty Drive-In.
County approves lease for Allo Communcations, honors David Saalfeld fremonttribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fremonttribune.com Daily Mail and Mail on Sunday newspapers.