FACTS MANAGEMENT COMPANY

FACTS is the nation's largest provider of tuition payment plans for private and parochial K-12 schools as well as colleges and universities. In addition to providing tuition payment plans to more than 650,000 families, the company provides online payment processing, detailed information reporting, and data integration services at more than 3,500 private and parochial K-12 schools and colleges and universities, while managing more than $1.8 billion in tuition funds each year. Nelnet previously acquired an 80% interest in FACTS in June 2005.