NELNET, INC. 
Item 7.01 Regulation FD Disclosure.
On
The above information and Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 8.01 Other Events.
On
The Department's NextGen contract procurement process is comprised of solicitations, including EPS and Business Process Operations ("BPO"), which will make up a new framework for the servicing of all of the student loans owned by the Department. BPO is the back office and call center operational functions for servicing the Department's student loan customers. The Company also responded to the BPO component, for which the Department has not yet made an award, and the Company cannot predict the timing, nature, or outcome of the BPO component.
The foregoing discussion under this Item 8.01 includes forward-looking statements that involve risks and uncertainties. In connection therewith, see the discussion below under the caption "Forward-looking and cautionary statements," which is incorporated under this Item 8.01 by reference.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are furnished or filed as part of this
report:
Exhibit
No. Description
99.1* Press Release dated April 2, 2020 - "Nelnet Issues Statement Regarding
Department of Education NextGen Enhanced Processing Solution Proposal ."
104** Cover Page Interactive Data File (formatted as Inline XBRL and included as
Exhibit 101).
* Furnished herewith
** Filed herewith
Forward-looking and cautionary statements
This report contains forward-looking statements that involve risks and
uncertainties. The words "anticipate," "could," "estimate," "expect," "intend,"
"may," "plan," "potential," "will," "would," and similar expressions, as well as
statements in future tense, are intended to identify forward-looking statements.
These statements are based on management's current expectations as of the date
of this report and are subject to known and unknown risks and uncertainties that
may cause actual results or performance to differ materially from those
expressed or implied by the forward-looking statements. Such risks include, but
are not limited to: the pending and uncertain nature of the reported government
contract procurement process, including the possibility that awards may be
challenged by various interested parties and may not be finalized within the
currently anticipated time frame or at all; the uncertain timing and nature of
the outcome of the Company's intended protest of the reported decision by the
government as to the Company's proposal for the EPS component; risks to the
Company related to the Department's initiatives to procure other new contracts
for federal student loan servicing, including the risk that the Company or
Company teams may not be successful in obtaining any of such other contracts;
risks and uncertainties from changes in the credit and services marketplace
resulting from changes in applicable laws, regulations, government programs,
budgets and annual appropriations, and other factors; cybersecurity risks,
including potential disruptions to systems, disclosure of confidential
information, and/or damage to reputation resulting from cyber-breaches; risks
from changes in economic conditions and consumer behavior due to, among other
things, the emergence of widespread health emergencies or pandemics; and other
risks and uncertainties set forth in the "Risk Factors" section of the Company's
Annual Report on Form 10-K for the year ended
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