Ontario Systems Press Release

Nelnet's Default Management department launches new collection program, Artiva Software System

January 23, 2006

Nelnet (NYSE: NNI) announced its Default Management operation has streamlined its collection processes, with the launch of Artiva® software by Ontario Systems. Artiva is a specialized receivables management information system with a structure and interface that will better fit the processes and workflows of the Default Management team, and make the team's job easier in meeting due diligence requirements. In addition, Artiva will interface with Nservice®, Nelnet's student loan servicing system.

"The Artiva collection system will allow Nelnet to be more performance-focused in the areas of minimizing private loan defaults and helping our school partners lower their Department of Education cohort default rates," said Nelnet Executive Director and Chief Marketing Officer David Bottegal.

Artiva will streamline Nelnet's Default Management processes by automating campaigns that currently utilize paper reports and will help employees utilize utility links with other skip tracing systems, such as Lexis/Nexis®. Artiva will also allow managers to track individual performance statistics related to account resolution and provide employees with a more user-friendly workstation. Overall, this software package provides the Default Management operation a more simplified approach in collection strategies.

"We experienced one of the most enthusiastic implementations in our history with the Nelnet team," said Brad Chenoweth, Ontario Systems' Vice President for Client Services. "We believe Nelnet's technology-driven business focus will allow it to maximize productivity and profitability, offering a bright future for both Nelnet and its team."

Nelnet's Default Management team is dedicated to helping borrowers fulfill their financial obligations, which in turn helps the company retain its student loan assets by lowering the default rate and protecting or regaining federal insurance. In November, Default Management launched Atriva for its private loan portfolio and is expected to incorporate its federally-guaranteed student loan volume next year.

About Nelnet

Nelnet is one of the leading education finance companies in the United States and is focused on providing quality products and services to students and schools nationwide. Nelnet ranks among the nation's leaders in terms of total net student loan assets with $16.4 billion as of September 30, 2005. Headquartered in Lincoln, Nebraska, Nelnet originates, consolidates, securitizes, holds, and services student loans, principally loans originated under the Federal Family Education Loan Program of the U.S. Department of Education.

Additional information is available at http://www.nelnet.net.

About Ontario Systems

Ontario Systems, LLC provides debt collection software to organizations that manage large volumes of accounts receivables. These include hospitals, collection agencies, collection attorneys and bankcard issuers. As the largest provider of receivables management products, including the Artiva, FACS and CT Vision systems, Ontario Systems is recognized throughout the industry as the leader in technology and customer service. With operations in Indiana, Ohio, and Washington, it is a privately held company based in Muncie, Indianapolis. For more information, visit http://www.ontariosystems.com.