Today, Nelnet presented a $25,000 donation from the Nelnet Foundation to the Imagine America Foundation

Lincoln, Neb., June 12, 2007- Today, Nelnet presented a $25,000 donation from the Nelnet Foundation to the Imagine America Foundation (IAF) to fund Imagine America Promise scholarships, bringing Nelnet's total of recent IAF donations to $50,000. The IA Promise Scholarship Program rewards college students who have demonstrated academic excellence and dedication; to date, this program has provided financial assistance to more than 400 students who attend an institution that focuses on career education. With the donation from Nelnet, a leading education planning and financing company, another 25 students will be $1,000 closer to paying for their education as they pursue their life-long goals.

"Imagine America Promise is the fulfillment of our promise to help students, who have maintained academic excellence, overcome funding barriers to complete their career education," said Bob Martin, President of IAF. "Thanks to Nelnet, these students are now closer to seeing their dreams through to graduation." Nelnet also donated $25,000 to the Imagine America Foundation as the sole sponsor of its Fact Book 2007: A Profile of Career Colleges and Universities, a bi-annual publication with research and analysis of trends in the career college sector of higher education.

"It is our distinct privilege to provide support for the Imagine America Foundation, an excellent organization that has an important function in preparing young people for rewarding careers," said David Bottegal, Nelnet's Chief Executive Officer of Education Services. "Creating educational opportunities for students is the heart and soul of both Nelnet's and IAF's philanthropic programs."

Nelnet is continuously looking for ways to expand opportunities for today's education-seeking families. One of the many ways Nelnet carries out this mission is by partnering with various organizations to create scholarships to help deserving students access higher education. Nelnet and the Nelnet Foundation annually fund more than one million dollars in scholarships that benefit students across the country. Additionally, Nelnet supplies key education planning tools and education financing resources to students and families to make their education dreams possible.


The Imagine America Foundation (IAF), established in 1982, is a not-for-profit organization dedicated to providing scholarship, research and training support for the career college sector. Since its inception, the Foundation has provided over $37 million in scholarship and award support for graduating high school seniors, adult learners and U.S. military veterans attending career colleges nationwide through its award-winning Imagine America� programs. The Foundation also publishes vital research publications for the higher education sector, honors achievement in career education and offers faculty development. For more information about the Imagine America Foundation�s programs, please visit www.imagine-america.org..

About Nelnet: For 28 years, Nelnet (NYSE: NNI) has been helping the education-seeking family plan for their education, pay for their education and prepare for their careers. The company has invested hundreds of millions of dollars in products, services and technology improvements for students and the educational institutions they attend. These services include live counseling to help families through all aspects of the financial aid process, benefits for borrowers, including tens of millions of dollars in borrower loan fee discounts and other benefits, and Nelnet sponsored scholarships. Nelnet serves students in 50 states, employs approximately 4,000 associates and has $25 billion in net student loan assets. Additional information is available at www.nelnet.com.