Exhibit 21.1
List of Direct and Indirect Subsidiaries of Nelnet, Inc. as of December 31, 2022
Name | Organized in | Relationship to Nelnet Inc. | Percentage Ownership | ||||||||||||||
1 | 1867 - AGATE20, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
2 | 1867 - Excelsior, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
3 | 1867 - GS20, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
4 | 1867 - GS22CO, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
5 | 1867-Nexcel22A,LLC | Delaware | Indirect | 100.00 | |||||||||||||
6 | 1867 - NUG21, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
7 | 1867 - NY1, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
8 | 1867 - RP, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
9 | 1867 - RP20, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
10 | 1867-RP23, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
11 | 1867-REV23, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
12 | 1867 - SOL21, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
13 | 1867 - SOL22 LLC | Nebraska | Indirect | 100.00 | |||||||||||||
14 | 1867 - SOL23 LLC | Nebraska | Indirect | 100.00 | |||||||||||||
15 | 1867 - SR, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
16 | 1867-SRiver22, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
17 | 1867 Capital-1, LLC | Nebraska | Direct | 100.00 | |||||||||||||
18 | 1867-C2, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
19 | 1867-C2-NY, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
20 | ACM F Acquisition, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
21 | CampusGuard LLC | Nebraska | Indirect | 100.00 | |||||||||||||
22 | Community Development Opportunity Fund V, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
23 | Community Development Opportunity Fund VI, LLC | Nebraska | Direct | 100.00 | |||||||||||||
24 | Community Development Opportunity Fund VII, LLC | Nebraska | Direct | 100.00 | |||||||||||||
25 | Community Development Opportunity Fund VIII, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
26 | EFS Finance Co., LLC | Nebraska | Indirect | 100.00 | |||||||||||||
27 | FACTS Education Corporation | Nebraska | Indirect | 100.00 | |||||||||||||
28 | FACTS Education Solutions, LLC | Arizona | Indirect | 100.00 | |||||||||||||
29 | First National Life Insurance Company of the USA, Inc. | Nebraska | Indirect | 100.00 | |||||||||||||
30 | Nelnet Accident Captive Insurance, LLC | Utah | Indirect | 100.00 | |||||||||||||
31 | FM Systems LLC | Delaware | Indirect | 100.00 | |||||||||||||
32 | Great Lakes Educational Loan Services, Inc. | Wisconsin | Indirect | 100.00 | |||||||||||||
33 | HigherSchool Publishing Company | Illinois | Indirect | 100.00 | |||||||||||||
34 | Municipal Tax Investment, LLC | Nebraska | Direct | 100.00 | |||||||||||||
35 | Municipal Tax Property, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
36 | National Education Loan Network, Inc. | Nebraska | Direct | 100.00 | |||||||||||||
37 | Nelnet Academic Services, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
38 | Nelnet Bank, Inc | Utah | Direct | 100.00 | |||||||||||||
39 | Nelnet Business Solutions - Canada Inc. | Ontario | Indirect | 100.00 | |||||||||||||
40 | Nelnet Business Solutions, Inc. | Nebraska | Indirect | 100.00 | |||||||||||||
41 | Nelnet Core Assurance LLC | Utah | Indirect | 100.00 | |||||||||||||
42 | Nelnet Captive Insurance Company LLC | Utah | Indirect | 100.00 |
43 | Nelnet Harmony Captive Insurance, LLC | Utah | Indirect | 100.00 | |||||||||||||
44 | Nelnet Tenant Insurance Company LLC | Utah | Indirect | 100.00 | |||||||||||||
45 | Nelnet Community Engagement, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
46 | Nelnet Diversified Solutions, LLC | Nebraska | Direct | 100.00 | |||||||||||||
47 | Nelnet Education Loan Funding, Inc. | Nebraska | Indirect | 100.00 | |||||||||||||
48 | Nelnet FFELP Student Loan Warehouse-I, LLC | Delaware | Indirect | 100.00 | |||||||||||||
49 | Nelnet Finance Corp. | Nebraska | Indirect | 100.00 | |||||||||||||
50 | Nelnet Fund Management, LLC | Nebraska | Direct | 100.00 | |||||||||||||
51 | Nelnet Government Services, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
52 | Nelnet Insurance Services, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
53 | Nelnet International Pty Ltd | Australia | Indirect | 100.00 | |||||||||||||
54 | Nelnet Loan Acquisition Corporation | Lincoln | Indirect | 100.00 | |||||||||||||
55 | Nelnet Management Corporation -1 | Nevada | Indirect | 100.00 | |||||||||||||
56 | Nelnet Philippines, Inc | Philippines | Indirect | 100.00 | |||||||||||||
57 | Nelnet Private Education Loan Funding, LLC | Delaware | Indirect | 100.00 | |||||||||||||
58 | Nelnet Private Student Loan Financing Corporation | Nebraska | Indirect | 100.00 | |||||||||||||
59 | Nelnet Private Student Loan Warehouse-2, LLC | Delaware | Indirect | 100.00 | |||||||||||||
60 | Nelnet Private Student Loan Warehouse-I, LLC | Delaware | Indirect | 100.00 | |||||||||||||
61 | Nelnet Real Estate Ventures, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
62 | Nelnet Servicing, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
63 | Nelnet Solar, LLC | Nebraska | Direct | 100.00 | |||||||||||||
64 | Nelnet Student Loan Depositor, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
65 | Nelnet Student Loan Funding II Management Corporation | Nebraska | Indirect | 100.00 | |||||||||||||
66 | Nelnet Student Loan Funding II, LLC | Delaware | Indirect | 100.00 | |||||||||||||
67 | Nelnet Student Loan Funding III, LLC | Delaware | Indirect | 100.00 | |||||||||||||
68 | Nelnet Student Loan Funding Management Corporation | Nevada | Indirect | 100.00 | |||||||||||||
69 | Nelnet Student Loan Funding, LLC | Delaware | Indirect | 100.00 | |||||||||||||
70 | Nelnet Sustainable Ventures, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
71 | Nelnet UNL Alliance, LLC | Nebraska | Direct | 100.00 | |||||||||||||
72 | NHELP – II, LLC | Delaware | Indirect | 100.00 | |||||||||||||
73 | NHELP – III, LLC | Delaware | Indirect | 100.00 | |||||||||||||
74 | Nelnet Payment Services, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
75 | Wachovia Education Loan Funding LLC | Delaware | Indirect | 100.00 | |||||||||||||
76 | CampusGuard Pty Ltd | Australia | Indirect | 100.00 | |||||||||||||
77 | Community Development Opportunity Fund III, LLC | Nebraska | Indirect | 100.00 | |||||||||||||
78 | Community Development Opportunity Fund I, LLC | Nebraska | Direct | 99.91 | |||||||||||||
79 | Bodega Avenue Solar LLC | California | Indirect | 99.00 | |||||||||||||
80 | Briggs Solar Lessee, LLC | Rhode Island | Indirect | 99.00 | |||||||||||||
81 | C2 CT Fund 1 Holdings, LLC | Delaware | Indirect | 99.00 | |||||||||||||
82 | CZ Solar Tenant, LLC | Delaware | Indirect | 99.00 | |||||||||||||
83 | GSPP NN Fund II, LLC | New York | Indirect | 99.00 | |||||||||||||
84 | KE-TE Holdco Series 2022-1, LLC | Delaware | Indirect | 99.00 | |||||||||||||
85 | Kearsarge NYMA MT, LLC | Massachusetts | Direct | 99.00 | |||||||||||||
86 | RenewProp Lessee 1, LLC | Delaware | Indirect | 99.00 | |||||||||||||
87 | RenewProp Lessee 2, LLC | Delaware | Indirect | 99.00 | |||||||||||||
88 | Solar Projectco 12 Tenant, LLC | Delaware | Indirect | 99.00 | |||||||||||||
89 | Virgo Charlestown NY Holdco, LLC | Delaware | Direct | 99.00 |
90 | Virgo Skipjack Holdco, LLC | Delaware | Direct | 99.00 | |||||||||||||
91 | Iris 3 TenantCo, LLC | Delaware | Indirect | 99.00 | |||||||||||||
92 | NY CSG 2 Holdings, LLC | Delaware | Indirect | 99.00 | |||||||||||||
93 | Hope Solar Farm, LLC | Delaware | Indirect | 99.00 | |||||||||||||
94 | Catlin Solar 1 LLC | New York | Indirect | 99.00 | |||||||||||||
95 | Saratoga Solar, LLC | New York | Indirect | 99.00 | |||||||||||||
96 | Cortland-Virgil Road, LLC | Delaware | Indirect | 99.00 | |||||||||||||
97 | East River Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
98 | Lime Hollow Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
99 | McLean Solar 1, LLC | Delaware | Indirect | 99.00 | |||||||||||||
100 | McLean Solar 2, LLC | Delaware | Indirect | 99.00 | |||||||||||||
101 | Route 13 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
102 | C2 WM New Jersey 1, LLC | Delaware | Indirect | 99.00 | |||||||||||||
103 | C2 WM Arizona 1, LLC | Delaware | Indirect | 99.00 | |||||||||||||
104 | C2 WM Arizona 2 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
105 | C2 WM Arizona 3 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
106 | C2 WM Arizona 4 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
107 | C2 WM Arizona 5 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
108 | C2 WM Arizona 6 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
109 | C2 WM Arizona 7 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
110 | C2 WM Arizona 8 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
111 | C2 WM Arizona 9 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
112 | C2 WM Arizona 10 Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
113 | C2 Woodbury Solar, LLC | Delaware | Indirect | 99.00 | |||||||||||||
114 | C2 RI Hopkinton, LLC | Delaware | Indirect | 99.00 | |||||||||||||
115 | Route 149 LLC | Vermont | Indirect | 99.00 | |||||||||||||
116 | Shields Drive LLC | Vermont | Indirect | 99.00 | |||||||||||||
117 | Blissville Road LLC | Vermont | Indirect | 99.00 | |||||||||||||
118 | Upper Road LLC | Vermont | Indirect | 99.00 | |||||||||||||
119 | C2 WM Laurens Leasing, LLC | Delaware | Indirect | 99.00 | |||||||||||||
120 | KE-21005, LLC | California | Indirect | 99.00 | |||||||||||||
121 | SynerGen Panorama, LLC | Maryland | Indirect | 99.00 | |||||||||||||
122 | Chester NY1, LLC | Delaware | Indirect | 99.00 | |||||||||||||
123 | Greenville NY1, LLC | Delaware | Indirect | 99.00 | |||||||||||||
124 | Westtown NY1, LLC | Delaware | Indirect | 99.00 | |||||||||||||
125 | 1st Source Solar 2, LLC | Delaware | Direct | 90.00 | |||||||||||||
126 | 1st Source Solar 3, LLC | Delaware | Direct | 90.00 | |||||||||||||
127 | 1st Source Solar 5, LLC | Delaware | Direct | 90.00 | |||||||||||||
128 | 1st Source Solar 6, LLC | Delaware | Indirect | 90.00 | |||||||||||||
129 | Whitetail Rock Capital Management, LLC | Nebraska | Indirect | 90.00 | |||||||||||||
130 | Whitetail Rock Fund Management, LLC | Nebraska | Indirect | 90.00 | |||||||||||||
131 | Linn Station Partners, LLC | Kentucky | Indirect | 90.00 | |||||||||||||
132 | SRC Partnership 2, LLC | Delaware | Indirect | 89.10 | |||||||||||||
133 | SSI MN Tranche 1, LLC | Delaware | Indirect | 89.10 | |||||||||||||
134 | Virgo KAM Holdco, LLC | Delaware | Indirect | 89.10 | |||||||||||||
135 | Wenonah Holdings LLC | Delaware | Indirect | 89.10 | |||||||||||||
136 | Illinois PV Fulton 1, LLC | Illinois | Indirect | 89.10 |
137 | Clinton Solar 4 LLC | Illinois | Indirect | 89.10 | |||||||||||||
138 | Vermilion Solar 1 LLC | Illinois | Indirect | 89.10 | |||||||||||||
139 | Tower Road Solar, LLC | Delaware | Indirect | 89.10 | |||||||||||||
140 | Pine Road Solar, LLC | Delaware | Indirect | 89.10 | |||||||||||||
141 | Lindstrom Solar LLC | Minnesota | Indirect | 89.10 | |||||||||||||
142 | Saint Cloud Solar LLC | Minnesota | Indirect | 89.10 | |||||||||||||
143 | Winsted Solar LLC | Minnesota | Indirect | 89.10 | |||||||||||||
144 | USS East Hauer Watt Solar LLC | Delaware | Indirect | 89.10 | |||||||||||||
145 | USS Kost Trail Solar LLC | Delaware | Indirect | 89.10 | |||||||||||||
146 | USS King 2 LLC | Delawaare | Indirect | 89.10 | |||||||||||||
147 | USS Eggo Solar LLC | Delaware | Indirect | 89.10 | |||||||||||||
148 | USS Webster Solar LLC | Delaware | Indirect | 89.10 | |||||||||||||
149 | USS Lake Patterson Solar LLC | Delaware | Indirect | 89.10 | |||||||||||||
150 | USS DVL Solar LLC | Delaware | Indirect | 89.10 | |||||||||||||
151 | Minnesota Solar CSG 5, LLC | Delaware | Indirect | 89.10 | |||||||||||||
152 | Straight Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
153 | Falls Creek Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
154 | Chub Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
155 | Strandness Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
156 | Star Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
157 | Maston Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
158 | Loon Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
159 | Buffalo Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
160 | Leven Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
161 | Zumbro Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
162 | Erin Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
163 | Mud Garden LLC | Minnesota | Indirect | 89.10 | |||||||||||||
164 | WSD-NN 59th Avenue and Elliot Storage, LLC | Delaware | Indirect | 88.00 | |||||||||||||
165 | 44 Trade Center, LLC | Missouri | Indirect | 85.00 | |||||||||||||
166 | TC Westport, LLC | Missouri | Indirect | 85.00 | |||||||||||||
167 | Owen Ridge Campus, LLC | Missouri | Indirect | 85.00 | |||||||||||||
168 | Hanley Plaza, LLC | Missouri | Indirect | 85.00 | |||||||||||||
169 | ENRG-Nelnet, LLC | Nebraska | Indirect | 80.00 | |||||||||||||
170 | ENRG Farms Building 01, LLC | Nebraska | Indirect | 80.00 | |||||||||||||
171 | ENRG Farms Building 02, LLC | Nebraska | Indirect | 80.00 | |||||||||||||
172 | ENRG Farms Building 03, LLC | Nebraska | Indirect | 80.00 | |||||||||||||
173 | GRNE Solarfield 05, LLC | Illinois | Indirect | 80.00 | |||||||||||||
174 | GRNE Solarfield 06, LLC | Illinois | Indirect | 80.00 | |||||||||||||
175 | GRNE Solarfield 07, LLC | Illinois | Indirect | 80.00 | |||||||||||||
176 | GRNE Solarfield 08, LLC | Illinois | Indirect | 80.00 | |||||||||||||
177 | GRNE Solarfield 09, LLC | Illinois | Indirect | 80.00 | |||||||||||||
178 | GRNE Solarfield 10, LLC | Illinois | Indirect | 80.00 | |||||||||||||
179 | GRNE Solarfield 11, LLC | Illinois | Indirect | 80.00 | |||||||||||||
180 | GRNE Solarfield 12, LLC | Illinois | Indirect | 80.00 | |||||||||||||
181 | GRNE Solarfield 13, LLC | Illinois | Indirect | 80.00 | |||||||||||||
182 | GRNE Solarfield 14, LLC | Illinois | Indirect | 80.00 | |||||||||||||
183 | GRNE Solarfield 15, LLC | Illinois | Indirect | 80.00 |
184 | GRNE Solarfield 16, LLC | Illinois | Indirect | 80.00 | |||||||||||||
185 | Defenders CS, LLC | Illinois | Indirect | 80.00 | |||||||||||||
186 | GRNE-Nelnet, LLC | Nebraska | Indirect | 80.00 | |||||||||||||
187 | Residential Solar Holdings, LLC | Nebraska | Indirect | 80.00 | |||||||||||||
188 | GSD, LLC | Nebraska | Indirect | 80.00 | |||||||||||||
189 | NGWeb Solutions, LLC | Nebraska | Indirect | 80.00 | |||||||||||||
190 | Community Development Opportunity Fund II, LLC | Nebraska | Direct | 68.93 | |||||||||||||
191 | Nanocapital I, LLC | Nebraska | Indirect | 65.83 | |||||||||||||
192 | 1867 - NelKSI, LLC | Nebraska | Indirect | 65.00 | |||||||||||||
193 | PI Timberline, LLC | Missouri | Direct | 56.67 | |||||||||||||
194 | 330-333 Building Acquisition Corporation | Nebraska | Indirect | 50.00 | |||||||||||||
195 | 330-333 Building, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
196 | 401 Building Acquisition Corporation | Nebraska | Indirect | 50.00 | |||||||||||||
197 | 401 Building, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
198 | 4600 Innovation Drive, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
199 | 7200 WorldCom, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
200 | BenefitEd, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
201 | Community Development Opportunity Fund IV, LLC | Nebraska | Direct | 50.00 | |||||||||||||
202 | EADO, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
203 | Invite Education, LLC | Delaware | Direct | 50.00 | |||||||||||||
204 | LT&T Collection, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
205 | Lumberworks Lofts Acquisition Corporation | Nebraska | Indirect | 50.00 | |||||||||||||
206 | Lumberworks Lofts, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
207 | Telegraph Lofts West, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
208 | West Haymarket Holding Company, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
209 | Canopy Park, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
210 | Lincoln Lodging, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
211 | Telgraph Lofts East, LLC | Nebraska | Indirect | 50.00 | |||||||||||||
212 | Telegraph Flats, LLC | Nebraska | Indirect | 49.96 | |||||||||||||
213 | CZ Solar Landlord, LLC | Delaware | Indirect | 48.51 | |||||||||||||
214 | RenewProp Lessor 1, LLC | Delaware | Indirect | 48.51 | |||||||||||||
215 | RenewProp Lessor 2, LLC | Delaware | Indirect | 48.51 | |||||||||||||
216 | Solar Projectco 12 Landlord, LLC | Delaware | Indirect | 48.51 | |||||||||||||
217 | Iris 3 Landlord, LLC | Delaware | Indirect | 48.51 | |||||||||||||
218 | 1867 - Kear21, LLC | Nebraska | Indirect | 46.00 | |||||||||||||
219 | Kearsarge NN Fund II MT LLC | Massachusetts | Indirect | 45.54 | |||||||||||||
220 | ALLO Holdings, LLC | Nebraska | Direct | 45.23 | |||||||||||||
221 | KSI II Holdco D, LLC | Delaware | Indirect | 43.55 | |||||||||||||
222 | DU Vista GP LLC | Delaware | Indirect | 43.28 | |||||||||||||
223 | Brookhollow Business Park, LLC | Nevada | Indirect | 37.50 | |||||||||||||
224 | Kearsarge NYMA LLC | Massachusetts | Direct | 34.65 | |||||||||||||
225 | Atrium Building, LLC | Nebraska | Indirect | 34.47 | |||||||||||||
226 | Florence Business Center, LLC | Kentucky | Indirect | 33.33 | |||||||||||||
227 | 12100.5 West Center, LLC | Nebraska | Indirect | 33.33 | |||||||||||||
228 | Reach Receivables, LLC | Delaware | Indirect | 29.90 | |||||||||||||
228 | Iris 1 TenantCo, LLC | Delaware | Indirect | 27.90 | |||||||||||||
229 | 1867 - NELKSI21, LLC | Nebraska | Indirect | 27.00 |
230 | KSI II Holdco E, LLC | Delaware | Indirect | 26.73 | |||||||||||||
231 | TDP Phase Three, LLC | Nebraska | Indirect | 25.00 | |||||||||||||
232 | Portsmouth Distribution Center, LLC | Virginia | Indirect | 25.00 |
Note: This list does not include Nelnet Student Loan Trusts utilized in asset backed security financings.