{"schema_version":"secwatch.filing_event.v1","accession":"0001258602-23-000028","form_type":"8-K","ticker":"NNI","cik":"0001258602","company_name":"NELNET INC","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.148250+00:00","generated_at":"2026-06-17T17:36:16.800533+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Nelnet contract modification reduces monthly borrower fee by $0.19; 550 staff eliminated","bullets":["Monthly fee per borrower cut by $0.19 under amended federal servicing contracts.","As of Dec 31, 2022, Nelnet units serviced 15.8 million borrowers for Department of Education.","Department to transfer ~1 million borrowers to another servicer over next few months.","Approximately 550 positions eliminated; charge of up to $5M expected in FY2023.","Federal servicing contracts represented 32% of Nelnet's 2022 revenue."],"urls":{"canonical":"https://secwatch.observer/filing/0001258602-23-000028","json":"https://secwatch.observer/filing/0001258602-23-000028.json","markdown":"https://secwatch.observer/filing/0001258602-23-000028.md","text":"https://secwatch.observer/filing/0001258602-23-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1258602/000125860223000028/0001258602-23-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1258602/000125860223000028/nni-20230322.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T17:36:16.800533+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}