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Director of Sales Named for CD2 Learning, Catholic Faith Technologies, & Aware 3
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Jay Breeden Honored As Stevie® Award Winner In 2021 American Business Awards®
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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.
The Best Stock to Own if Student Loans Are Forgiven
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Nelnet Business Services Acquires Catholic Faith Technologies
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LINCOLN, Neb., Jan. 26, 2021 /PRNewswire/ Nelnet Business Services, a division of Nelnet, Inc. (NYSE: NNI), is expanding its church technology offerings with the recent acquisition of Catholic Faith Technologies (CFT), an online learning and formation platform company located in Overland Park, KS.
CFT currently offers their learning management technology and services to faith-based organizations as Catholic Faith Technologies and to businesses under the CD2 Learning brand. Their award-winning Software as a Service (SaaS) technology delivers micro-learning opportunities and customizable training platforms to churches, non-profit organizations, and companies across the country.