LINCOLN, Neb., May 22, 2008 -- Nelnet (NYSE: NNI) sent the following letter to colleges and universities across the country today in response to the Department of Education's plan for implementing the Ensuring Continued Access to Student Loans Act (H.R. 5715):

May 22, 2008

Dear School Partners:

For 30 years, Nelnet has been a dependable choice for helping families plan and pay for their education. We are pleased to let you know that we will continue originating new federal student loans. In the spirit of the Ensuring Continued Access to Student Loans Act (H.R. 5715), we intend to make federal student loans to all students regardless of the school they attend for the 2008-2009 academic year.

While we are proud that our lending has been uninterrupted, we know that it would have been difficult to continue lending this fall without an industry-wide solution. The swift and historic action by Congress and the Administration -- in particular, the tireless effort of leaders at the Departments of Education and Treasury to develop a workable solution in recent weeks -- will ensure families have access to federal student loans. We applaud them all for their commitment to education-seeking families.

We will continue to work with our industry colleagues to make sure the intent of H.R. 5715 is realized through the details of the Department's plan and that it is implemented with the least amount of burden for students and schools. To this end, it is better for students if their servicer remains the same even if their loan is sold to the Department under this plan. We feel strongly that life-of-loan servicing by a quality servicer provides consistency for students, and encourage you to promote this with the Department.

We look forward to helping you and your students throughout the coming year. A Campus Director will be contacting you to discuss Nelnet's continued commitment. In the meantime, please do not hesitate to contact us at 866 4NELNET (866.463.5638) if you have questions or if we can assist you in any way.

Sincerely,

Mike Dunlap	Jeff Noordhoek
Chief Executive Officer	President

Posted 07/16/08 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.