secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001258602-23-000030
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nelnet subsidiaries' student loan servicing fees cut $0.19/borrower by Dept of Education
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- Monthly fee reduced by $0.19 per borrower effective April 1, 2023; 15.8M borrowers serviced as of Dec 31, 2022.
- In Current Repayment price drops from $3.08921 to $2.89921; Forbearance from $2.19 to $2.00 per borrower.
- Contact center hours reduced; abandon rate SLA temporarily relaxed to 8% from 4% through Dec 31, 2023.
- Modifications are bilateral, fully executed on March 27, 2023, with no change in obligated funds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860223000030/0001258602-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860223000030/nni-20230327.htm
  HTML page:      https://secwatch.observer/filing/0001258602-23-000030

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