NELNET SERVICING, LLC recorded 389 award actions totaling $1.53 billion in federal obligations over the last 5 years, with an average action value of $3.93 million. All recorded obligations in this window were with the Department of Education and classified under NAICS 522390, Other Activities Related to Credit Intermediation.
Federal Contractor
NELNET SERVICING, LLC Federal Contract Obligations (Last 5 Years)
Federal procurement profile for NELNET SERVICING, LLC (CAGE 5JZQ5, UEI MNXKQ62J7AE8) covering obligations and awards over the last 5 years.
Annual obligations ranged from $150.50 million in 2021 to $437.43 million in 2023, with 2025 at $306.46 million.
CAGE Code
5JZQ5
UEI
MNXKQ62J7AE8
Total Obligated
1.53 billion
1,527,645,700.82
Award Actions
389
Average Action Value
3,927,109.77
About NELNET SERVICING, LLC federal contract activity
NELNET SERVICING, LLC (CAGE 5JZQ5, UEI MNXKQ62J7AE8) recorded $1.53 billion in obligated awards across 389 awards in the last 5 years, for an average award value of $3.93 million. The profile reflects steady federal contract activity at meaningful scale rather than a small number of unusually large transactions.
Agency mix and customer concentration
Award activity is fully concentrated in the EDUCATION, DEPARTMENT OF, which accounts for the entire $1.53 billion and all 389 awards in the analysis window. This indicates a highly specialized federal relationship with no diversification across other agencies in the reported period.
Industry profile based on NAICS activity
All observed obligations fall under NAICS 522390, Other Activities Related to Credit Intermediation, with $1.53 billion across 389 awards. The NAICS concentration is complete, suggesting the vendor’s federal work is narrowly aligned to credit-intermediation-related servicing functions.
Annual contract trend over the analysis window
Annual obligations increased materially from $150.50 million in 2021 to a peak of $437.43 million in 2023, then remained elevated at $365.65 million in 2024 and $306.46 million in 2025. Award counts stayed relatively stable year to year, ranging from 59 to 87, which suggests variability in dollar volume was driven more by award size than by transaction volume.
How to interpret this page
This summary uses the supplied FPDS Query analysis window of the last 5 years and the provided overview, agency, NAICS, and annual trend metrics. Percentages and concentration statements are derived from the listed totals; no additional contracts, agencies, or classifications were inferred beyond the provided data.
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 5 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 | 1,527,645,700.82 | 1.53 billion | 389 |
Insight
Over the last 5 years, NELNET SERVICING, LLC’s obligational activity is fully concentrated within the Department of Education, which accounts for the entire $1.53 billion in total obligated value across 389 awards. This indicates a highly concentrated customer base with no observable agency diversification in the provided period. The average award value of approximately $3.93 million suggests a moderate-sized award profile within a single agency relationship.
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 5 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 | 1,527,645,700.82 | 1.53 billion | 389 |
Insight
Over the last 5 years, NELNET SERVICING, LLC’s obligations are fully concentrated in NAICS 522390, Other Activities Related to Credit Intermediation. The vendor received 389 awards totaling $1.53 billion, indicating a highly concentrated award mix with no observable NAICS diversification in the provided data. The average award value of about $3.93 million suggests recurring, moderately sized obligations within a single service category.
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 5 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 |
Insight
NELNET SERVICING, LLC (CAGE 5JZQ5) received $1.53 billion across 389 awards over the last 5 years, with an average award value of $3.93 million. Obligations were concentrated in 2023 and 2024, which together accounted for $803.08 million, or about 52.6% of the 5-year total. Annual obligations increased from $150.50 million in 2021 to a peak of $437.43 million in 2023, then declined to $365.65 million in 2024 and $306.46 million in 2025, while award counts remained relatively stable between 59 and 87 per year.
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