Nelnet Servicing Government Contracts
Nelnet Servicing LLC · UEI MNXKQ62J7AE8
Nelnet Servicing government contracts totaled $1.1B across 14 contract awards from FY2024 to FY2026. Obligations were down 23.1% in FY2026 vs FY2025, and the Department of Education accounted for $1.1B (100% of the total).
Key figures
In FY2026, contract obligations were $305,412,386 across 11 awards with activity that year, a change of -23.1% from $397,232,036 in FY2025. From FY2024 to FY2026, obligations totaled $1,110,003,773 across 14 awards.
- Obligated in FY2026
- $305M
- Awards in FY2026
- 11
- Change vs FY2025
- -23.1%
- Total, FY2024 to FY2026
- $1.1B
Note: FY2026 ended on Sep 30, 2026. The Department of Defense publishes contract data with a 90-day delay, so FY2026 totals may still rise as late reports arrive.
Nelnet Servicing federal contracts by year
Nelnet Servicing federal contract obligations per fiscal year (October to September). The table below lists the same numbers.
| Fiscal year | Obligated | Awards | Change |
|---|---|---|---|
| FY2026 | $305,412,386 | 11 | -23.1% |
| FY2025 | $397,232,036 | 10 | -2.5% |
| FY2024 | $407,359,352 | 9 | n/a |
About Nelnet Servicing's federal contracts
Nelnet Servicing's federal contract obligations fell 25% from FY2024 ($407M) to FY2026 ($305M). FY2026 closed recently, and Defense Department contracts are reported up to 90 days late, so its total may still rise.
Nearly all of Nelnet Servicing's government contracts come from one customer, the Department of Education (100%).
Its main line of government work is other activities related to credit intermediation (NAICS 522390), 100% of its federal contract dollars.
The states with the most Nelnet Servicing contract work are Nebraska and District of Columbia; Nebraska alone accounts for 60%.
Which agencies award Nelnet Servicing contracts
Federal agencies ranked by contract dollars obligated to Nelnet Servicing LLC.
| # | Agency | Obligated | Share |
|---|---|---|---|
| 1 | Department of Education | $1,110,003,773 | 100.0% |
Nelnet Servicing contracts by industry (NAICS)
The industry codes on Nelnet Servicing's contracts with the government, ranked by dollars.
| # | Industry | Obligated | Share |
|---|---|---|---|
| 1 | Other Activities Related to Credit IntermediationNAICS 522390 | $1,110,003,773 | 100.0% |
Where Nelnet Servicing contract work is performed
States ranked by contract dollars, using the place of performance on each award.
| # | State | Obligated | Share |
|---|---|---|---|
| 1 | Nebraska | $663,935,826 | 59.8% |
| 2 | District of Columbia | $446,067,948 | 40.2% |
Companies similar to Nelnet Servicing
Other federal contractors whose largest industry is also Other Activities Related to Credit Intermediation (NAICS 522390), ranked by total contract dollars.
| # | Contractor | Obligated |
|---|---|---|
| 1 | Maximus Education LLC | $813,378,398 |
| 2 | Edfinancial Services LLC | $705,961,485 |
| 3 | Missouri Higher Education Loan Authority | $677,796,690 |
Recent Nelnet Servicing contract awards
The latest Nelnet Servicing contract awards, newest first. Each award ID links to its record on USAspending.gov.
| Start date | Agency and description | Amount | Record |
|---|---|---|---|
| Sep 22, 2026 | Department of EducationTASK ORDER FOR DEFAULT PREVENTION PILOT FOR CALENDAR YEAR 2026. | $3,234,101 | 91003126F0055 |
| Mar 31, 2026 | Department of EducationOPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED BY THE USDS SERVICER MUST BE IN ACCO | $210,650,842 | 91003126F0022 |
| Sep 24, 2025 | Department of EducationOPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. | $154,873,108 | 91003125F0044 |
| Apr 21, 2025 | Department of EducationA SINGLE SERVICER WILL ACCEPT TPD LOAN ASSIGNMENTS FROM GUARANTY AGENCIES AND SCHOOLS. THE TPD ASSIGNMENT FUNCTION IS A UNIQUE SET OF TASKS WITHIN THE STUDENT LOAN SERVICING LIFECYCLE FOR USDS AND A S | $3,218,857 | 91003125F0022 |
| Dec 19, 2024 | Department of EducationTOTAL PERMANENT DISABILITY - TPD - BRIDGE | $2,061,676 | 91003125C0012 |
| Jun 28, 2024 | Department of EducationOPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED MUST BE IN ACCORDANCE WITH THE REQUI | $392,702,062 | 91003124F0321 |
| Mar 27, 2024 | Department of EducationOPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED MUST BE IN ACCORDANCE WITH THE REQUI | $79,319,988 | 91003124F0312 |
| Jan 3, 2024 | Department of EducationSPECIALTY TASK SERVICES (STS) TASK ORDER IS FOR IMAGE REPOSITORY, DECOMMISSIONED SERVICER DATA AND PAYMENT SUPPORT, FFEL GUARANTY AGENCY REHABILITATION LOAN PURCHASES, AND LEGACY LOAN CONSOLIDATION OR | $52,223,007 | 91003124F0301 |
| Apr 24, 2023 | Department of EducationTHE INITIAL TASK ORDER IS A FIRM-FIXED PRICE TASK ORDER FOR THE TASKS AND DELIVERABLES REQUIRED FOR THE USDS SERVICER TO BECOME PERFORMANCE READY, ATTAIN ITS AUTHORIZATION TO OPERATE (ATO), AND ACHIEV | $18,708,948 | 91003123F0321 |
| Dec 16, 2019 | Department of EducationTHE PURPOSE OF THIS TASK ORDER IS TO PROVIDE FUNDING FOR TITLE IV AID SERVICING FOR BORROWERS UNDER THE TOTAL&PERMANENT DISABILITY (TPD) PROGRAM, THROUGH APPROXIMATELY JANUARY 31, 2020. | $93,619,909 | 91003120F0328 |
| Dec 16, 2019 | Department of EducationTHE PURPOSE OF THIS TASK ORDER IS TO PROVIDE FUNDING FOR TITLE IV AID SERVICING FOR DATA STORAGE SERVICES, THROUGH APPROXIMATELY JANUARY 31, 2020. | $1,990,065 | 91003120F0327 |
| Dec 16, 2019 | Department of EducationTHE PURPOSE OF THIS TASK ORDER IS TO PROVIDE FUNDING FOR PAYMENT SUPPORT SERVICES, THROUGH APPROXIMATELY JANUARY 31, 2020. | $200,310 | 91003120F0326 |
| Dec 16, 2019 | Department of EducationTHE PURPOSE OF THIS NEW TASK ORDER IS TO PROVIDE FUNDING FOR LOAN CONSOLIDATION SERVICES, THROUGH APPROXIMATELY JANUARY 31, 2020. | $13,446,720 | 91003120F0325 |
| Nov 26, 2019 | Department of EducationPROVIDE DIRECT LOAN SERVICES SUCH AS CALL CENTER AND FINANCIAL REPORTING - NELNET FROM 12/15/2019 THROUGH 12/14/2020 | $988,684,676 | 91003120F0312 |
Subcontracting opportunities with Nelnet Servicing
Large prime contractors such as Nelnet Servicing buy goods and services from smaller firms for parts of their government contracts. If you work in the same industries or states, Nelnet Servicing is a possible teaming partner: read its recent contract awards above, then contact its small business or supplier diversity office with your capability statement.
Explore government contracts related to Nelnet Servicing
Frequently asked questions
- How much does Nelnet Servicing make from government contracts?
- Nelnet Servicing LLC received $1.1B in federal contract obligations from FY2024 to FY2026, across 14 contract awards. In FY2026 alone it received $305M. Figures are federal contract obligations reported on USAspending.gov.
- Which agency spends the most with Nelnet Servicing?
- The Department of Education obligated $1.1B to Nelnet Servicing from FY2024 to FY2026, 100% of its federal contract dollars.
- What does Nelnet Servicing do for the government?
- By contract dollars, Nelnet Servicing's largest federal contract industries are other activities related to credit intermediation (NAICS 522390).
- Where does Nelnet Servicing perform its government contracts?
- By place of performance, the most Nelnet Servicing contract dollars went to work in Nebraska ($664M) and District of Columbia ($446M).
- Are Nelnet Servicing's government contracts growing?
- Nelnet Servicing's federal contract obligations fell 25% from FY2024 ($407M) to FY2026 ($305M). FY2026 closed recently, and Defense Department contracts are reported up to 90 days late, so its total may still rise.
- How can a small business subcontract with Nelnet Servicing?
- Look at the agencies and industries Nelnet Servicing works in on this page, then contact its small business or supplier diversity office with a capability statement. Large prime contractors often have to meet small business subcontracting goals, and you will need a free SAM.gov registration.