Nebraska Student Loan Program Inc

Organization Overview

Nebraska Student Loan Program Inc is located in Lincoln, NE. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2022, Nebraska Student Loan Program Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Student Loan Program Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2022, Nebraska Student Loan Program Inc generated $45.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $20.0m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO BE A DEFINITIVE VOICE IN HIGHER EDUCATION AND STUDENT SUCCESS. POISED TO ENLIGHTEN, GUIDE AND SUPPORT HIGHER EDUCATION AND ITS STAKEHOLDERS IN THEIR MISSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION SERVES AS A GUARANTEE AGENCY UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP), AS APPROVED BY THE DEPARTMENT OF EDUCATION. NSLP ALSO ASSISTS STUDENTS AND HIGHER EDUCATION INSTITUTIONS TO FACILITATE FINANCIAL AID.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Nelnet Guarantee Services
Loan Servicing
$2,216,631
Windham Professionals Inc
Collection Services
$291,227
Automated Collection Services Inc
Collection Services
$493,403
National Enterprise Systems
Collection Services
$100,172
Gc Services
Collection Services
$851,302
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$39,689,524
Investment income $4,599,509
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,164,946
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,453,979

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Nebraska Student Loan Program Inc has recieved totaling $136,028.

Awarding OrganizationAmount
Foundation For Educational Funding

Lincoln, NE

PURPOSE: Student Loan Guarantee

$136,028
View Grant Recipient Profile

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