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Posted by
Two Blokes Jul 10 -
Filed in
Stock
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Nelnet has sold the majority of its ownership in ALLO for cash proceeds of $410 million, realizing a gain of $175 million. Its student loan servicing business is set to benefit from an increase in borrowers and loan volumes. Earnings from its software business, NBS, were flat year over year, but management is making investments in AI to improve efficiency and potentially lift margins.
