Nelnet, Inc. (NNI) is a diversified company that offers educational services, technology solutions, telecommunications, and asset management. The company’s segments include Loan Servicing and Systems (LSS); Education Technology, Services, and Payment Processing (ETS&PP); Communications; Asset Generation and Management (AGM); and Nelnet Bank.
Inflation has been surging, with the consumer price index advancing 8.6% in May. The Federal Reserve has been trying to tame the 40-year high inflation through aggressive interest rate hikes. The benchmark interest rates have already been raised thrice this year, with more such hikes in the offing.
