Nelnet looks to LoanSTAR
In late 2005, Nelnet completed the acquisition of LoanSTAR Funding Group, Inc., a prominent Texas-based secondary market and loan originator. Headquartered in Bryan, Texas, LoanSTAR has provided students and families with affordable access to college for more than 23 years. In addition, Nelnet purchased the assets of LoanSTAR Systems, Inc., a Texas-based provider of FFELP originations and servicing for LoanSTAR Funding and other national and community bank FFELP lenders.

LoanSTAR is recognized as a premier education finance administrator, providing technology-driven student loan origination, servicing, and other financial aid products and services to customers across the Sunbelt region, with a particular focus on the Texas market. Now a wholly-owned subsidiary of Nelnet, LoanSTAR will retain its brand identity, including its CollEDGE national brand, and will coordinate sales efforts with Nelnet to offer schools and students the absolute best products and services available.

“Nelnet and LoanSTAR are a terrific complement to each other,” said Ralph Rushing, President of LoanSTAR Funding Group. “We share a vision of helping students pay for college and will combine our local know-how with the resources and products of a national lender — it will be great for students, schools, and lenders.”

For more information about LoanSTAR, visit www.loanstar.com.