EX-21.1 8 nni-12312021xex_211.htm EX-21.1 Document


Exhibit 21.1

List of Direct and Indirect Subsidiaries of Nelnet, Inc. as of December 31, 2021
NameOrganized inRelationship to Nelnet Inc.Percentage Ownership
1 1867 - AGATE20, LLCNebraska Indirect Subsidiary100.00
2 1867 - Excelsior, LLCNebraska Indirect Subsidiary100.00
3 1867 - GS20, LLCNebraska Indirect Subsidiary100.00
4 1867 - NUG21, LLCNebraska Indirect Subsidiary100.00
5 1867 - NY1, LLCNebraska Indirect Subsidiary100.00
6 1867 - RP, LLCNebraska Indirect Subsidiary100.00
7 1867 - RP20, LLCNebraska Indirect Subsidiary100.00
8 1867 - SOL21, LLCNebraska Indirect Subsidiary100.00
9 1867 - SR, LLCNebraska Indirect Subsidiary100.00
10 1867 Capital-1, LLCNebraska Direct Subsidiary100.00
11 1867-C2, LLCNebraska Indirect Subsidiary100.00
12 1867-C2-NY, LLCNebraska Indirect Subsidiary100.00
13 1867-CC22, LLCNebraskaIndirect Subsidiary100.00
14 1867-SOL22, LLCNebraskaIndirect Subsidiary100.00
15 1867-SOL23, LLCNebraskaIndirect Subsidiary100.00
16 ACM F Acquisition, LLCNebraska Indirect Subsidiary100.00
17 Aware3, LLCMissouri Indirect Subsidiary100.00
18 Aware3, LLCMissouri Indirect Subsidiary100.00
19 CampusGuard, LLCNebraska Indirect Subsidiary100.00
20 CampusGuard Pty LtdAustraliaIndirect Subsidiary100.00
21 Community Development Opportunity Fund III, LLCNebraska Indirect Subsidiary100.00
22 Community Development Opportunity Fund V, LLCNebraska Direct Subsidiary100.00
23 Community Development Opportunity Fund VI, LLCNebraskaIndirect Subsidiary100.00
24 Community Development Opportunity Fund VII, LLCNebraskaIndirect Subsidiary100.00
25 Community Development Opportunity Fund VIII, LLCNebraskaIndirect Subsidiary100.00
26 EFS Finance Co., LLCNebraska Indirect Subsidiary100.00
27 FACTS Education CorporationNebraska Indirect Subsidiary100.00
28 FACTS Education Solutions, LLCArizona Indirect Subsidiary100.00
29 First National Life Insurance Company of the USA, Inc.Nebraska Indirect Subsidiary100.00
30 FM Systems LLC d/b/a Tuition Management Systems, LLCDelaware Indirect Subsidiary100.00
31 FP Sacramento, LLCNebraskaIndirect Subsidiary100.00
32 Great Lakes Educational Loan Services, Inc.Wisconsin Indirect Subsidiary100.00
33 HigherSchool Publishing CompanyIllinois Indirect Subsidiary100.00
34 Municipal Tax Investment, LLCNebraska Direct Subsidiary100.00
35 Municipal Tax Property, LLCNebraska Indirect Subsidiary100.00
36 National Education Loan Network, Inc.Nebraska Direct Subsidiary100.00
37 Nelnet Academic Services, LLCNebraska Direct Subsidiary100.00
38 Nelnet Bank, Inc.Utah Direct Subsidiary100.00
39 Nelnet Business Solutions - Canada, Inc.Ontario Indirect Subsidiary100.00
40 Nelnet Business Solutions, Inc.Nebraska Indirect Subsidiary100.00
41 Nelnet Captive Insurance Company, Inc.Delaware Indirect Subsidiary100.00
42 Nelnet Community Engagement, LLCNebraskaIndirect Subsidiary100.00


43 Nelnet Consumer Finance, Inc.Nebraska Indirect Subsidiary100.00
44 Nelnet Diversified Solutions, LLCNebraska Direct Subsidiary100.00
45 Nelnet Education Loan Funding, Inc.Nebraska Indirect Subsidiary100.00
46 Nelnet FFELP Student Loan Warehouse-I, LLCDelaware Indirect Subsidiary100.00
47 Nelnet Finance Corp.Nebraska Indirect Subsidiary100.00
48 Nelnet Fund Management, LLCNebraska Direct Subsidiary100.00
49 Nelnet Government Services, LLCNebraska Indirect Subsidiary100.00
50 Nelnet Insurance Services, LLCNebraska Indirect Subsidiary100.00
51 Nelnet International Pty LtdAustraliaIndirect Subsidiary100.00
52 Nelnet Learning Technologies, LLCNebraska Indirect Subsidiary100.00
53 Nelnet Loan Acquisition CorporationNebraska Indirect Subsidiary100.00
54 Nelnet Management Corporation -1Nevada Indirect Subsidiary100.00
55 Nelnet Philippines, Inc.PhilippinesIndirect Subsidiary100.00
56 Nelnet Private Education Loan Funding, LLCDelaware Indirect Subsidiary100.00
57 Nelnet Private Student Loan Financing CorporationNebraska Indirect Subsidiary100.00
58 Nelnet Private Student Loan Warehouse-2, LLCDelaware Indirect Subsidiary100.00
59 Nelnet Private Student Loan Warehouse-I, LLCDelaware Indirect Subsidiary100.00
60 Nelnet Real Estate Ventures, LLCNebraska Indirect Subsidiary100.00
61 Nelnet Sales Co., LLCNebraska Indirect Subsidiary100.00
62 Nelnet Servicing, LLCNebraska Indirect Subsidiary100.00
63 Nelnet Solar, LLCNebraskaDirect Subsidiary100.00
64 Nelnet Store, LLCNebraska Indirect Subsidiary100.00
65 Nelnet Student Loan Depositor, LLCNebraska Indirect Subsidiary100.00
66 Nelnet Student Loan Funding II Management CorporationNebraska Indirect Subsidiary100.00
67 Nelnet Student Loan Funding II, LLCDelaware Indirect Subsidiary100.00
68 Nelnet Student Loan Funding III, LLCDelaware Indirect Subsidiary100.00
69 Nelnet Student Loan Funding Management CorporationNevada Indirect Subsidiary100.00
70 Nelnet Student Loan Funding, LLCDelaware Indirect Subsidiary100.00
71 Nelnet Sustainable Ventures, LLCNebraskaIndirect Subsidiary100.00
72 Nelnet UNL Alliance, LLCNebraska Direct Subsidiary100.00
73 NHELP – II, LLCDelaware Indirect Subsidiary100.00
74 NHELP – III, LLCDelaware Indirect Subsidiary100.00
75 PaymentSpring, LLCNebraska Indirect Subsidiary100.00
76 Wachovia Education Loan Funding, LLCDelaware Indirect Subsidiary100.00
77 Community Development Opportunity Fund I, LLCNebraska Direct Subsidiary99.91
78 Bodega Avenue Solar LLCCalifornia Indirect Subsidiary99.00
79 Briggs Solar Lessee, LLCRhode Island Indirect Subsidiary99.00
80 C2 CT Fund 1 Holdings, LLCDelaware Indirect Subsidiary99.00
81 GSPP NN Fund II, LLCNew York Indirect Subsidiary99.00
82 Iris 3 TenantCo, LLCDelaware Indirect Subsidiary99.00
83 Kearsarge NYMA MT, LLCMassachusetts Direct Subsidiary99.00
84 NY CSG 2 Holdings, LLCDelaware Indirect Subsidiary99.00
85 RenewProp Lessee 1, LLCDelaware Indirect Subsidiary99.00
86 RenewProp Lessee 2, LLCDelaware Indirect Subsidiary99.00
87 RenewProp Lessee 5, LLCDelaware Indirect Subsidiary99.00
88 Solar Projectco 12 Tenant, LLCDelaware Indirect Subsidiary99.00
89 Virgo Charlestown NY Holdco, LLCDelaware Direct Subsidiary99.00


90 Virgo Skipjack Holdco, LLCDelaware Direct Subsidiary99.00
91 1st Source Solar 2, LLCDelaware Direct Subsidiary90.00
92 1st Source Solar 3, LLCDelaware Direct Subsidiary90.00
93 1st Source Solar 5, LLCDelaware Direct Subsidiary90.00
94 1st Source Solar 6, LLCDelaware Indirect Subsidiary90.00
95 Whitetail Rock Capital Management, LLCNebraska Indirect Subsidiary90.00
96 Whitetail Rock Fund Management, LLCNebraska Indirect Subsidiary90.00
97 SRC Partnership 2, LLCDelaware Indirect Subsidiary89.10
98 SSI MN Tranche 1, LLCDelaware Indirect Subsidiary89.10
99 Virgo KAM Holdco, LLCDelaware Indirect Subsidiary89.10
100 Wenonah Holdings LLCDelaware Indirect Subsidiary89.10
101 44 Trade Center, LLCMissouri Indirect Subsidiary85.00
102 TC Westport, LLCMissouri Indirect Subsidiary85.00
103 Community Development Opportunity Fund II, LLCNebraska Direct Subsidiary68.93
104 DU Univ Lofts GP LLCDelaware Indirect Subsidiary67.87
105 1867 - NelKSI, LLCNebraska Indirect Subsidiary65.00
106 WPC-NN CHULA I-5 JV, LLCDelaware Indirect Subsidiary65.00
107 Harvest 960, LPPennsylvania Indirect Subsidiary59.33
108 330-333 Building Acquisition CorporationNebraska Indirect Subsidiary50.00
109 330-333 Building, LLCNebraska Indirect Subsidiary50.00
110 401 Building Acquisition CorporationNebraska Indirect Subsidiary50.00
111 401 Building, LLCNebraska Indirect Subsidiary50.00
112 4600 Innovation Drive, LLCNebraska Indirect Subsidiary50.00
113 7200 WorldCom, LLCNebraska Indirect Subsidiary50.00
114 BenefitEd, LLCNebraska Indirect Subsidiary50.00
115 Canopy Park, LLCNebraska Indirect Subsidiary50.00
116 Community Development Opportunity Fund IV, LLCNebraska Direct Subsidiary50.00
117 EADO, LLCNebraska Indirect Subsidiary50.00
118 Invite Education, LLCDelaware Direct Subsidiary50.00
119 LT&T Collection, LLCNebraska Indirect Subsidiary50.00
120 Lumberworks Lofts Acquisition CorporationNebraska Indirect Subsidiary50.00
121 Lumberworks Lofts, LLC Nebraska Indirect Subsidiary50.00
122 Nelnet-Kearsarge Solar, LLCNebraska Indirect Subsidiary50.00
123 NGWeb Solutions, LLCNebraska Indirect Subsidiary50.00
124 PI Timberline, LLCMissouri Direct Subsidiary50.00
125 Telegraph Lofts West, LLCNebraska Indirect Subsidiary50.00
126 West Haymarket Holding Company, LLCNebraska Indirect Subsidiary50.00
127 Telegraph Flats, LLCNebraska Indirect Subsidiary49.96
128 Iris 3 Landlord, LLCDelaware Indirect Subsidiary48.51
129 RenewProp Lessor 1, LLCDelaware Indirect Subsidiary48.51
130 RenewProp Lessor 2, LLCDelaware Indirect Subsidiary48.51
131 RenewProp Lessor 5, LLCDelaware Indirect Subsidiary48.51
132 Solar Projectco 12 Landlord, LLCDelaware Indirect Subsidiary48.51
133 1867 - Kear21, LLCNebraska Indirect Subsidiary46.00
134 Kearsarge NN Fund II MT, LLCMassachusetts Indirect Subsidiary45.54
135 ALLO Arizona, LLCNebraska Indirect Subsidiary45.04
136 ALLO Ashland, LLCNebraskaIndirect Subsidiary45.04


137 ALLO Columbus, LLCNebraska Indirect Subsidiary45.04
138 ALLO Communications, LLCNebraska Indirect Subsidiary45.04
139 ALLO Fremont, LLCNebraska Indirect Subsidiary45.04
140 ALLO Grand Island, LLCNebraska Indirect Subsidiary45.04
141 ALLO Greeley, LLCNebraska Indirect Subsidiary45.04
142 ALLO Holdings, LLCNebraska Direct Subsidiary45.04
143 ALLO Hudson, LLCNebraska Indirect Subsidiary45.04
144 ALLO Intermediate Holdings, LLCNebraska Indirect Subsidiary45.04
145 ALLO Kearney, LLCNebraska Indirect Subsidiary45.04
146 ALLO Milford, LLCNebraskaIndirect Subsidiary45.04
147 ALLO Seward, LLCNebraskaIndirect Subsidiary45.04
148 ALLO Sidney, LLCNebraskaIndirect Subsidiary45.04
149 ALLO Valentine, LLCNebraska Indirect Subsidiary45.04
150 ALLO Wayne, LLCNebraska Indirect Subsidiary45.04
151 ALLO York, LLCNebraskaIndirect Subsidiary45.04
152 Lincoln Lodging, LLCNebraska Indirect Subsidiary45.00
153 KSI II Holdco D, LLCDelaware Indirect Subsidiary43.55
154 Summerset Associates, LLCMissouri Indirect Subsidiary42.50
155 Brookhollow Business Park, LLCNevada Indirect Subsidiary37.50
156 Kearsarge NYMA, LLCMassachusetts Indirect Subsidiary34.65
157 Atrium Building, LLCNebraska Indirect Subsidiary34.47
158 12100.5 West Center, LLCNebraska Indirect Subsidiary33.33
159 Florence Business Center, LLCKentucky Direct Subsidiary33.33
160 Iris 1 TenantCo, LLCDelaware Indirect Subsidiary27.90
161 1867 - NELKSI21, LLCNebraska Indirect Subsidiary27.00
162 KSI II Holdco E, LLCDelaware Indirect Subsidiary26.73
163 GSPP NN Fund IV, LLCNew York Indirect Subsidiary25.20
164 Enfield Distribution Center, LLCConnecticut Direct Subsidiary25.00
165 Portsmouth Distribution Center, LLCVirginia Direct Subsidiary25.00
166 TDP Phase Three - NMTC, LLCNebraska Indirect Subsidiary25.00
167 TDP Phase Three, LLCNebraska Indirect Subsidiary25.00

Note: This list does not include Nelnet Student Loan Trusts utilized in asset backed security financings.