Nelnet (NNI) Issues Statement Regarding Department of Education NextGen Business Process Operations Proposal
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Nelnet Issues Statement Regarding Department of Education NextGen Business Process Operations Proposal
June 22, 2020 8:15 AM EDTLINCOLN, Neb., June 22, 2020 /PRNewswire/ --Â Nelnet (NYSE: NNI) announced today that the U.S. Department of Education, Office of Federal Student Aid (Department) has notified the company that the company's proposal in response to the Business Process Operations (BPO) component of the Department's Next Generation Financial Services Environment (NextGen) contract procurement process has been determined to be ineligible for award, claiming the company's response did not meet certain requirements related to small business participation. BPO is the back office and call center operational functions for servicing the Department's 43 million student loan... More
