Exhibit 21.1
List of Direct and Indirect Subsidiaries of Nelnet, Inc. as of December 31, 2019
Name | Organized in | Relationship to Nelnet Inc. | Percentage Ownership | ||||||||||||||
1 | 1867 Capital-1, LLC | Nebraska | Direct Subsidiary | 100.0 | % | ||||||||||||
2 | 1867-C2, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
3 | 1867-Excelsior, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
4 | 1867-NY1, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
5 | 1867-RP, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
6 | 5280 Solutions LLC (f/k/a Nelnet Technology Services LLC) (d/b/a Idaho Financial Associates, Charter Account Systems and 5280 Solutions) | Colorado | Indirect Subsidiary | 100.0 | % | ||||||||||||
7 | ACM F Acquisition, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
8 | Community Development Opportunity Fund III, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
9 | Community Development Opportunity Fund IV, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
10 | Education Funding Capital I, LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
11 | EFS Finance Co., LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
12 | FACTS Education Corporation | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
13 | FACTS Education Solutions, LLC (Previously known as Mind Streams Education, LLC) | Arizona | Indirect Subsidiary | 100.0 | % | ||||||||||||
14 | FACTS Management AUS Pty Ltd. | Australia | Indirect Subsidiary | 100.0 | % | ||||||||||||
15 | First National Life Insurance Company of the USA | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
16 | FM Systems, LLC d/b/a Tuition Management Systems, LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
17 | FP Sacramento, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
18 | Great Lakes Educational Loan Services, Inc. | Wisconsin | Indirect Subsidiary | 100.0 | % | ||||||||||||
19 | GreatNet Solutions, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
20 | Merchant Preservation Services, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
21 | Municipal Tax Investment, LLC | Nebraska | Direct Subsidiary | 100.0 | % | ||||||||||||
22 | Municipal Tax Property, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
23 | National Education Loan Network, Inc. | Nebraska | Direct Subsidiary | 100.0 | % | ||||||||||||
24 | Nelnet Academic Services, LLC (f/k/a Nelnet Mentor, LLC) | Nebraska | Direct Subsidiary | 100.0 | % | ||||||||||||
25 | Nelnet Bank, Inc. | Utah | Direct Subsidiary | 100.0 | % | ||||||||||||
26 | Nelnet Business Solutions - Canada, Inc. (f/k/a Nelnet Canada, Inc.) | Canada | Indirect Subsidiary | 100.0 | % | ||||||||||||
27 | Nelnet Business Solutions, Inc. (f/k/a FACTS Management Co.) (dba FACTS Management and infiNET Integrated Solutions) | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
28 | Nelnet Captive Insurance Company, Inc. | Delaware | Direct Subsidiary | 100.0 | % | ||||||||||||
29 | Nelnet Consumer Finance, Inc. | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
30 | Nelnet Diversified Solutions, LLC (formerly NLS Holding Company, LLC) | Nebraska | Direct Subsidiary | 100.0 | % | ||||||||||||
31 | Nelnet Education Loan Funding, Inc. (f/k/a NEBHELP, INC.) | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
32 | Nelnet FFELP Student Loan Warehouse-I, LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
33 | Nelnet Finance Corp. | Nebraska | Indirect Subsidiary | 100.0 | % |
34 | Nelnet Fund Management, LLC | Nebraska | Direct Subsidiary | 100.0 | % | ||||||||||||
35 | Nelnet Loan Acquisition Corporation | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
36 | Nelnet Management Corporation-1 (formerly Nelnet Student Loan Warehouse Corporation – 1) | Nevada | Indirect Subsidiary | 100.0 | % | ||||||||||||
37 | Nelnet Private Education Loan Funding, LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
38 | Nelnet Private Student Loan Financing Corporation | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
39 | * | Nelnet Private Student Loan Warehouse-2, LLC | Delaware | Indirect Subsidiary | 100.0 | % | |||||||||||
40 | Nelnet Private Student Loan Warehouse-I LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
41 | Nelnet Real Estate Ventures, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
42 | Nelnet Sales Co., LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
43 | Nelnet Servicing, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
44 | Nelnet Solar, LLC | Nebraska | Direct Subsidiary | 100.0 | % | ||||||||||||
45 | Nelnet Store, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
46 | Nelnet Student Loan Funding II Management Corporation | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
47 | Nelnet Student Loan Funding II, LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
48 | Nelnet Student Loan Funding III, LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
49 | Nelnet Student Loan Funding Management Corporation | Nevada | Indirect Subsidiary | 100.0 | % | ||||||||||||
50 | Nelnet Student Loan Funding, LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
51 | Nelnet UNL Alliance, LLC (dba Union Financial Services, Inc.) | Nebraska | Direct Subsidiary | 100.0 | % | ||||||||||||
52 | NHELP-II, LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
53 | NHELP-III, LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
54 | NTS - Renweb Jamaica, Ltd | Jamaica | Indirect Subsidiary | 100.0 | % | ||||||||||||
55 | PaymentSpring, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
56 | Rally Workspace, LLC | Nebraska | Indirect Subsidiary | 100.0 | % | ||||||||||||
57 | Unilink Data Systems Pty Ltd | Australia | Indirect Subsidiary | 100.0 | % | ||||||||||||
58 | Wachovia Education Loan Funding LLC | Delaware | Indirect Subsidiary | 100.0 | % | ||||||||||||
59 | C2 CT Fund 1 Holdings, LLC | Delaware | Indirect Subsidiary | 99.0 | % | ||||||||||||
60 | GSPP NN Fund II, LLC | New York | Indirect Subsidiary | 99.0 | % | ||||||||||||
61 | Kearsarge NYMA MT | Massachusetts | Direct Subsidiary | 99.0 | % | ||||||||||||
62 | Nelnet B2B Services, LLC | Nebraska | Direct Subsidiary | 99.0 | % | ||||||||||||
63 | NY CSG 2 Holdings, LLC | Delaware | Indirect Subsidiary | 99.0 | % | ||||||||||||
64 | RenewProp Lessee I, LLC | Delaware | Indirect Subsidiary | 99.0 | % | ||||||||||||
65 | Virgo Charlestown NY Holdco, LLC | Delaware | Direct Subsidiary | 99.0 | % | ||||||||||||
66 | Virgo Skipjack Holdco, LLC | Delaware | Direct Subsidiary | 99.0 | % | ||||||||||||
67 | Allo Communications, LLC | Nebraska | Direct Subsidiary | 98.9 | % | ||||||||||||
68 | Allo Norfolk, LLC | Nebraska | Indirect Subsidiary | 98.9 | % | ||||||||||||
69 | Duluth Storage, LLC | Delaware | Indirect Subsidiary | 95.0 | % | ||||||||||||
70 | Norcross Storage, LLC | Delaware | Indirect Subsidiary | 95.0 | % | ||||||||||||
71 | WPC-NN Atlanta Storage, LLC | Delaware | Indirect Subsidiary | 95.0 | % | ||||||||||||
72 | WPC-NN AZSI Acquisition, LLC | Delaware | Indirect Subsidiary | 95.0 | % | ||||||||||||
73 | WPC-NN Flowing Wells, LLC | Delaware | Indirect Subsidiary | 95.0 | % | ||||||||||||
74 | WPC-NN Grand Avenue Storage, LLC | Delaware | Indirect Subsidiary | 95.0 | % | ||||||||||||
75 | WPC-NN Lake Mary Storage, LLC | Delaware | Indirect Subsidiary | 95.0 | % | ||||||||||||
76 | WPC-NN Loop 410 Storage, LLC | Delaware | Indirect Subsidiary | 95.0 | % | ||||||||||||
77 | WPC-NN Perrin Beitel Storage, LLC | Delaware | Indirect Subsidiary | 95.0 | % |
78 | WPC-NN Portland Schmeer Storage, LLC | Delaware | Indirect Subsidiary | 95.0 | % | ||||||||||||
79 | 1st Source Solar 2, LLC | Delaware | Direct Subsidiary | 90.0 | % | ||||||||||||
80 | 1st Source Solar 3, LLC | Delaware | Direct Subsidiary | 90.0 | % | ||||||||||||
81 | 1st Source Solar 5, LLC | Delaware | Direct Subsidiary | 90.0 | % | ||||||||||||
82 | Whitetail Rock Capital Management, LLC | Nebraska | Indirect Subsidiary | 90.0 | % | ||||||||||||
83 | Whitetail Rock Fund Management, LLC | Nebraska | Indirect Subsidiary | 90.0 | % | ||||||||||||
84 | Community Development Opportunity Fund I, LLC | Nebraska | Direct Subsidiary | 89.4 | % | ||||||||||||
85 | SSI MN Tranche 1, LLC | Delaware | Indirect Subsidiary | 89.1 | % | ||||||||||||
86 | Virgo KAM Holdco, LLC | Delaware | Indirect Subsidiary | 89.1 | % | ||||||||||||
87 | Wenonah Holdings, LLC | Delaware | Indirect Subsidiary | 89.1 | % | ||||||||||||
88 | WPC-NN Carlsbad Caribou Court, LLC | Delaware | Indirect Subsidiary | 86.1 | % | ||||||||||||
89 | 3430 FP Drive, LP | Delaware | Indirect Subsidiary | 81.7 | % | ||||||||||||
90 | Aware3, LLC | Missouri | Direct Subsidiary | 80.0 | % | ||||||||||||
91 | Community Development Opportunity Fund II, LLC | Nebraska | Direct Subsidiary | 68.9 | % | ||||||||||||
92 | WPC-NN Chula 1-5 JV, LLC | Delaware | Indirect Subsidiary | 65.0 | % | ||||||||||||
93 | GR Partners Harvest 960, LP | Pennsylvania | Indirect Subsidiary | 59.3 | % | ||||||||||||
94 | 151 Building, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
95 | 330-333 Building Acquisition Corporation | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
96 | 330-333 Building, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
97 | 401 Building Acquisition Corporation | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
98 | 401 Building LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
99 | 4600 Innovation Drive, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
100 | 7200 WorldCom, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
101 | Atrium Building, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
102 | BenefitEd, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
103 | Canopy Park, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
104 | EADO, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
105 | Invite Education, LLC | Delaware | Direct Subsidiary | 50.0 | % | ||||||||||||
106 | Lincoln Lodging, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
107 | Lincoln Workspace, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
108 | LT&T Collection LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
109 | Lumberworks Lofts Acquisition Corporation | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
110 | Lumberworks Lofts, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
111 | NGWeb Solutions, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
112 | Telegraph Flats, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
113 | Telegraph Lofts East, LLC | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
114 | Timberline Suntree Associates, LLC | Kansas | Direct Subsidiary | 50.0 | % | ||||||||||||
115 | West Haymarket Holding Company, LLC (f/k/a 4800 NW 1st Street, LLC) | Nebraska | Indirect Subsidiary | 50.0 | % | ||||||||||||
116 | TDP Phase Three - NMTC, LLC | Nebraska | Indirect Subsidiary | 25.0 | % | ||||||||||||
117 | TDP Phase Three, LLC | Nebraska | Indirect Subsidiary | 25.0 | % |
Note: This list does not include Nelnet Student Loan Trusts utilized in asset backed security financings.
* Entity formed on January 9, 2020.