Nelnet has acquired Peterson's, a provider of education and career guidance, from The Thomson Corporation

Peterson's provides a comprehensive suite of education and
career-related solutions in the areas of education search, test
preparation, admissions, financial aid information, and career
assistance. The company reaches an estimated 105 million consumers
annually with its publications and online information about colleges and
universities, career schools, graduate programs, distance learning,
executive training, private secondary schools, summer opportunities,
study abroad, financial aid, test preparation, and career exploration
resources.

"Since 1966, Peterson's has been a trusted name for students, families,
and schools," said Steve Butterfield, Nelnet Vice Chairman and Co-Chief
Executive Officer. "Quite simply, they are a great resource to help
students select the right educational experience, prepare for admission
tests, explore ways to pay for their education, and advance their
careers. In addition, Peterson's has earned a reputation for helping
schools find and recruit students."

Butterfield added, "The addition of Peterson's to the Nelnet family
expands the products and services that the two companies can offer to
students, families, schools, lenders, guarantors, and military partners.
We expect that the transaction will provide long term value to Nelnet
and will advance our initiative to match college-bound students with
higher education institutions. Peterson's will also enhance the college
planning and career services we offer to students and families."

Peterson's will become a part of Nelnet's Education Services division,
utilize the Peterson's brand, and maintain existing leadership. Based in
Lawrenceville, New Jersey, Peterson's employs approximately 220
associates.

"We look forward to joining an organization that aligns with our vision
of guiding every student toward the realization of their education and
career dreams," said Mary Gatsch, Peterson's President. "By leveraging
our expertise with the focus and the resources of a leading college
planning and financing company means that we can add value to our
customers and advance our vision of helping education seeking families."

Peterson's will further diversify Nelnet's fee-based revenue streams,
however, a significant amount of the revenue for the first several
months will be deferred and recognized during the period of service.
Therefore, the acquisition will have a dilutive effect on Nelnet's base
net income for fiscal year 2006. It is anticipated the transaction will
be accretive, although immaterial, to Nelnet's base net income in fiscal
years 2007 and 2008.

Thomson was represented by The Jordan, Edmiston Group, Inc., a New York
City based investment bank that specializes in the media and information
industries.

Nelnet is one of the leading education finance companies in the United
States and is focused on providing quality products and services to
students and schools nationwide. Nelnet ranks among the nation's leaders
in terms of total net student loan asset's with $21.3 billion as of March
31, 2006. Headquartered in Lincoln, Nebraska, Nelnet originates,
consolidates, securitizes, holds, and services student loans,
principally loans originated under the Federal Family Education Loan
Program of the U.S. Department of Education.

Additional information is available at www.nelnet.net.