Federal Contractor

NELNET SERVICING, LLC Federal Contract Obligations (Last 10 Years)

Federal procurement activity for NELNET SERVICING, LLC (CAGE 5JZQ5, UEI MNXKQ62J7AE8) over the last 10 years totals $2.20 billion across 573 award actions.

NELNET SERVICING, LLC’s federal contract history is concentrated with the Department of Education and is associated entirely with NAICS 522390, Other Activities Related to Credit Intermediation. Recent annual obligations range from $150.50 million in 2021 to $437.43 million in 2023, with 2025 year-to-date obligations at $306.46 million.

Last full year Last 5 years Last 10 years

Generated at 03/21/2026

Analysis period: Last 10 years

This summary reflects the last 10 years of FPDS award data and uses the provided obligated totals, action counts, and agency and NAICS rollups.

CAGE Code

5JZQ5

UEI

MNXKQ62J7AE8

Total Obligated

2.20 billion

2,198,573,755.29

Award Actions

573

Average Action Value

3,836,952.45

About NELNET SERVICING, LLC federal contract activity

Over the last 10 years, NELNET SERVICING, LLC recorded $2.20 billion in obligated federal spending across 573 awards, for an average award value of $3.84 million. The vendor is identified in this dataset by CAGE 5JZQ5 and UEI MNXKQ62J7AE8. Federal activity has been concentrated and sustained, indicating a long-running recurring role in the procurement record.

Agency mix and customer concentration

All obligated spending in the analysis window is concentrated in the EDUCATION, DEPARTMENT OF, which accounts for the full $2.20 billion and all 573 awards. This indicates a single-agency dependency profile rather than a diversified federal customer base. The award pattern suggests the vendor's federal business is closely tied to Department of Education requirements.

Industry profile based on NAICS activity

All recorded obligations are mapped to NAICS 522390, Other Activities Related to Credit Intermediation, with the same $2.20 billion and 573 awards. This reflects a narrow functional profile centered on credit-related servicing activity. No additional NAICS diversification is shown in the provided data.

Annual contract trend over the analysis window

Annual obligations remained material across the most recent years shown, rising from $150.50 million in 2021 to $267.61 million in 2022 and $437.43 million in 2023, before moderating to $365.65 million in 2024 and $306.46 million in 2025. Award counts in those years ranged from 59 to 87, with the highest count in 2021 and the highest dollar volume in 2023. The pattern indicates continued high-volume contracting with year-to-year fluctuations rather than a steady linear trend.

How to interpret this page

This summary is based only on the supplied FPDS Query metrics for the last 10 years and is limited to obligated federal awards associated with the provided CAGE and UEI. Agency and NAICS concentration are derived from the listed top categories, and annual trend statements use only the years provided. No additional sources, contract text, or inferred relationships were used.

Top Agencies

SELECT
    agency_id,
    agency_name,
    total_obligated,
    award_count,
    formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
    SELECT
        content__award__purchaserInformation__contractingOfficeAgencyID AS agency_id,
        anyHeavy(content__award__purchaserInformation__contractingOfficeAgencyID__name) AS agency_name,
        sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
        count() AS award_count
    FROM fpds.data
    WHERE
        contract_type = 1
        AND content__award__vendor__vendorSiteDetails__entityIdentifiers__cageCode = '5JZQ5'
        AND content__award__purchaserInformation__contractingOfficeAgencyID IS NOT NULL
        AND content__award__purchaserInformation__contractingOfficeAgencyID != ''
        AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 10 YEAR
        AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
    GROUP BY agency_id
)
ORDER BY total_obligated DESC
LIMIT 10

Agency ID	Agency Name	Total Obligated	Readable	Award Actions
9100	EDUCATION, DEPARTMENT OF	2,198,573,755.29	2.20 billion	573

Insight

Over the last 10 years, NELNET SERVICING, LLC’s federal obligations are fully concentrated in the Department of Education, which accounts for the full $2.20 billion in obligated value across 573 awards. This indicates a highly concentrated buyer relationship with no diversification across other agencies in the provided data. The average award value of about $3.84 million suggests a pattern of repeated, material-dollar transactions within a single agency portfolio.

Top NAICS

SELECT
    naics_code,
    naics_name,
    total_obligated,
    award_count,
    formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
    SELECT
        content__award__productOrServiceInformation__principalNAICSCode AS naics_code,
        anyHeavy(content__award__productOrServiceInformation__principalNAICSCode__description) AS naics_name,
        sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
        count() AS award_count
    FROM fpds.data
    WHERE
        contract_type = 1
        AND content__award__vendor__vendorSiteDetails__entityIdentifiers__cageCode = '5JZQ5'
        AND content__award__productOrServiceInformation__principalNAICSCode IS NOT NULL
        AND content__award__productOrServiceInformation__principalNAICSCode != ''
        AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 10 YEAR
        AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
    GROUP BY naics_code
)
ORDER BY total_obligated DESC
LIMIT 10

NAICS Code	Description	Total Obligated	Readable	Award Actions
522390	OTHER ACTIVITIES RELATED TO CREDIT INTERMEDIATION	2,198,573,755.29	2.20 billion	573

Insight

Over the last 10 years, NELNET SERVICING, LLC’s obligations are fully concentrated in NAICS 522390, Other Activities Related to Credit Intermediation, accounting for the entire $2.20 billion in obligated value across 573 awards. This indicates a highly focused procurement profile with no diversification across additional NAICS codes in the provided period. The average award value of approximately $3.84 million suggests a sustained pattern of repeated awards within a single industry classification.

Annual Trend

SELECT
    year,
    total_obligated,
    award_count,
    formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
    SELECT
        toYear(parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate)) AS year,
        sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
        count() AS award_count
    FROM fpds.data
    WHERE
        contract_type = 1
        AND content__award__vendor__vendorSiteDetails__entityIdentifiers__cageCode = '5JZQ5'
        AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 10 YEAR
        AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
    GROUP BY year
)
ORDER BY year DESC

Year	Total Obligated	Readable	Award Actions
2025	306,459,710.71	306.46 million	59
2024	365,647,557.34	365.65 million	83
2023	437,431,989.12	437.43 million	82
2022	267,610,190.25	267.61 million	78
2021	150,496,253.40	150.50 million	87
2020	178,946,889.22	178.95 million	43
2019	139,926,522.50	139.93 million	47
2018	142,427,120.35	142.43 million	37
2017	166,748,440.71	166.75 million	53
2016	42,879,081.69	42.88 million	4

Insight

Over the last 10 years, NELNET SERVICING, LLC (CAGE 5JZQ5) received $2.20 billion across 573 awards, averaging $3.84 million per award. Obligations are concentrated in the most recent three years, with 2023 at $437.43 million, 2024 at $365.65 million, and 2025 at $306.46 million, together accounting for the majority of the period total. Annual obligation levels were materially lower in 2016 through 2022, ranging from $42.88 million to $267.61 million, indicating a pronounced recent increase in federal spending activity.

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