v3.25.2
Loans and Accrued Interest Receivable and Allowance for Loan Losses - Loans by Year of Origination (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]            
Accrued interest receivable $ 560,927   $ 549,283      
Allowance for loan losses (125,349) $ (120,076) (114,890) $ (96,764) $ (106,008) $ (104,643)
Financing receivable, after allowance for credit loss 10,155,483   9,992,744      
Private education loans - Non-Nelnet Bank            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 0          
2023 185          
2022 4,252          
2021 7,650          
Prior years 144,527          
Total loans 156,614   221,744 247,437    
Accrued interest receivable 1,299   2,019 2,407    
Loan premium (discount) (5,162)   (6,350) (7,194)    
Allowance for loan losses (7,406) (10,394) (11,130) (13,065) (14,736) (15,750)
Financing receivable, after allowance for credit loss 145,345   206,283 229,585    
Current period gross charge-offs, current fiscal year 0          
Current period gross charge-offs, fiscal year before current fiscal year 0          
Current period gross charge-offs, two years before current fiscal year 0          
Current period gross charge-offs, three years before current fiscal year 0          
Current period gross charge-offs, four years before current fiscal year 52          
Current period gross charge-offs, more than five years before current fiscal year 1,405          
Current period gross charge-offs, total 1,457          
Private education loans - Non-Nelnet Bank | Loans current            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 147,690   206,825 230,512    
Private education loans - Non-Nelnet Bank | Loans delinquent 31-60 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 1,246   3,424 2,814    
Private education loans - Non-Nelnet Bank | Loans delinquent 61-90 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 564   1,275 1,395    
Private education loans - Non-Nelnet Bank | Loans delinquent 91 days or greater            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 1,151   2,134 2,562    
Private education loans - Non-Nelnet Bank | Loans in-school/grace/deferment            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 0          
2023 0          
2022 332          
2021 2,124          
Prior years 1,977          
Total loans 4,433          
Private education loans - Non-Nelnet Bank | Loans in forbearance            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 0          
2023 0          
2022 29          
2021 375          
Prior years 1,126          
Total loans 1,530          
Private education loans - Non-Nelnet Bank | Loans in repayment status:            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 0          
2023 185          
2022 3,891          
2021 5,151          
Prior years 141,424          
Total loans 150,651          
Private education loans - Non-Nelnet Bank | Loans in repayment status: | Loans current            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 0          
2023 185          
2022 3,868          
2021 5,031          
Prior years 138,606          
Total loans 147,690          
Private education loans - Non-Nelnet Bank | Loans in repayment status: | Loans delinquent 31-60 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 0          
2023 0          
2022 23          
2021 31          
Prior years 1,192          
Total loans 1,246          
Private education loans - Non-Nelnet Bank | Loans in repayment status: | Loans delinquent 61-90 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 0          
2023 0          
2022 0          
2021 5          
Prior years 559          
Total loans 564          
Private education loans - Non-Nelnet Bank | Loans in repayment status: | Loans delinquent 91 days or greater            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 0          
2023 0          
2022 0          
2021 84          
Prior years 1,067          
Total loans 1,151          
Consumer loans and other loans - Non-Nelnet Bank            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 191,870          
2024 181,791          
2023 34,603          
2022 2,596          
2021 326          
Prior years 284          
Total loans 411,470   345,560 179,447    
Accrued interest receivable 2,260   1,868 763    
Loan premium (discount) (6,296)   (10,713) (9,205)    
Allowance for loan losses (48,028) (43,904) (38,468) (14,135) (18,761) (11,742)
Financing receivable, after allowance for credit loss 359,406   298,247 156,870    
Current period gross charge-offs, current fiscal year 3,774          
Current period gross charge-offs, fiscal year before current fiscal year 4,426          
Current period gross charge-offs, two years before current fiscal year 4,745          
Current period gross charge-offs, three years before current fiscal year 184          
Current period gross charge-offs, four years before current fiscal year 9          
Current period gross charge-offs, more than five years before current fiscal year 5          
Current period gross charge-offs, total 13,143          
Consumer loans and other loans - Non-Nelnet Bank | Loans current            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 399,263   335,355 174,295    
Consumer loans and other loans - Non-Nelnet Bank | Loans delinquent 31-60 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 3,731   3,667 2,100    
Consumer loans and other loans - Non-Nelnet Bank | Loans delinquent 61-90 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 3,096   2,143 1,857    
Consumer loans and other loans - Non-Nelnet Bank | Loans delinquent 91 days or greater            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 4,025   4,245 1,073    
Consumer loans and other loans - Non-Nelnet Bank | Loans in-school/grace/deferment            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 453          
2023 902          
2022 0          
2021 0          
Prior years 0          
Total loans 1,355          
Consumer loans and other loans - Non-Nelnet Bank | Loans in repayment status:            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 191,870          
2024 181,338          
2023 33,701          
2022 2,596          
2021 326          
Prior years 284          
Total loans 410,115          
Consumer loans and other loans - Non-Nelnet Bank | Loans in repayment status: | Loans current            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 191,184          
2024 174,221          
2023 31,379          
2022 1,891          
2021 307          
Prior years 281          
Total loans 399,263          
Consumer loans and other loans - Non-Nelnet Bank | Loans in repayment status: | Loans delinquent 31-60 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 423          
2024 2,348          
2023 751          
2022 190          
2021 19          
Prior years 0          
Total loans 3,731          
Consumer loans and other loans - Non-Nelnet Bank | Loans in repayment status: | Loans delinquent 61-90 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 254          
2024 1,750          
2023 865          
2022 224          
2021 0          
Prior years 3          
Total loans 3,096          
Consumer loans and other loans - Non-Nelnet Bank | Loans in repayment status: | Loans delinquent 91 days or greater            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 9          
2024 3,019          
2023 706          
2022 291          
2021 0          
Prior years 0          
Total loans 4,025          
Private education loans - Nelnet Bank            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 19,475   27,747      
2024 37,367   48,159      
2023 43,446   168,137      
2022 156,712   97,969      
2021 90,078   7,554      
Prior years 169,585   132,879      
Total loans 516,663   482,445 354,412    
Accrued interest receivable 5,540   4,103 2,709    
Loan premium (discount) (8,589)   (4,581) 5,501    
Loan discount, net of unamortized premiums and deferred origination costs (8,589)          
Allowance for loan losses (12,360) (9,893) (10,086) (3,559) (3,660) (3,347)
Financing receivable, after allowance for credit loss 501,254   471,881 359,063    
Current period gross charge-offs, current fiscal year 0          
Current period gross charge-offs, fiscal year before current fiscal year 191          
Current period gross charge-offs, two years before current fiscal year 498          
Current period gross charge-offs, three years before current fiscal year 335          
Current period gross charge-offs, four years before current fiscal year 259          
Current period gross charge-offs, more than five years before current fiscal year 1,851          
Current period gross charge-offs, total 3,134          
Private education loans - Nelnet Bank | Loans current            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 460,426   439,569 308,591    
Private education loans - Nelnet Bank | Loans delinquent 30-59 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 3,102   4,327 934    
Private education loans - Nelnet Bank | Loans delinquent 60-89 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 2,710   1,497 444    
Private education loans - Nelnet Bank | Loans delinquent 90 days or greater            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 3,392   2,317 1,064    
Private education loans - Nelnet Bank | Loans in-school/grace/deferment            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 8,171          
2024 20,707          
2023 8,999          
2022 5,413          
2021 354          
Prior years 1,463          
Total loans 45,107          
Private education loans - Nelnet Bank | Loans in forbearance            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 25          
2023 262          
2022 414          
2021 165          
Prior years 1,060          
Total loans 1,926          
Private education loans - Nelnet Bank | Loans in repayment status:            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 11,304          
2024 16,635          
2023 34,185          
2022 150,885          
2021 89,559          
Prior years 167,062          
Total loans 469,630          
Private education loans - Nelnet Bank | Loans in repayment status: | Loans current            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 11,189          
2024 16,157          
2023 33,073          
2022 150,025          
2021 88,331          
Prior years 161,651          
Total loans 460,426          
Private education loans - Nelnet Bank | Loans in repayment status: | Loans delinquent 30-59 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 66          
2024 246          
2023 364          
2022 268          
2021 184          
Prior years 1,974          
Total loans 3,102          
Private education loans - Nelnet Bank | Loans in repayment status: | Loans delinquent 60-89 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 31          
2023 305          
2022 290          
2021 289          
Prior years 1,795          
Total loans 2,710          
Private education loans - Nelnet Bank | Loans in repayment status: | Loans delinquent 90 days or greater            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 49          
2024 201          
2023 443          
2022 302          
2021 755          
Prior years 1,642          
Total loans 3,392          
Consumer and other loans - Nelnet Bank            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 49,207   121,740      
2024 118,126   13,278      
2023 12,294   399      
2022 389   12,417      
2021 11,716   8,878      
Prior years 12,691   5,440      
Total loans 204,423   162,152 187,939    
Accrued interest receivable 1,346   1,021 1,219    
Loan premium (discount) 2,444   1,043 (1,037)    
Allowance for loan losses (9,573) $ (6,617) (6,115) (11,825) $ (7,128) $ (5,351)
Financing receivable, after allowance for credit loss 198,640   158,101 176,296    
Current period gross charge-offs, current fiscal year 0          
Current period gross charge-offs, fiscal year before current fiscal year 784          
Current period gross charge-offs, two years before current fiscal year 283          
Current period gross charge-offs, three years before current fiscal year 0          
Current period gross charge-offs, four years before current fiscal year 214          
Current period gross charge-offs, more than five years before current fiscal year 166          
Current period gross charge-offs, total 1,447          
Consumer and other loans - Nelnet Bank | Loans current            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 194,507   155,772 181,558    
Consumer and other loans - Nelnet Bank | Loans delinquent 30-59 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 1,001   803 1,516    
Consumer and other loans - Nelnet Bank | Loans delinquent 60-89 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 193   243 1,814    
Consumer and other loans - Nelnet Bank | Loans delinquent 90 days or greater            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total loans 184   $ 148 $ 1,637    
Consumer and other loans - Nelnet Bank | Loans in deferment            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 5,092          
2024 3,446          
2023 0          
2022 0          
2021 0          
Prior years 0          
Total loans 8,538          
Consumer and other loans - Nelnet Bank | Loans in repayment status:            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 44,115          
2024 114,680          
2023 12,294          
2022 389          
2021 11,716          
Prior years 12,691          
Total loans 195,885          
Consumer and other loans - Nelnet Bank | Loans in repayment status: | Loans current            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 44,054          
2024 113,832          
2023 12,180          
2022 389          
2021 11,468          
Prior years 12,584          
Total loans 194,507          
Consumer and other loans - Nelnet Bank | Loans in repayment status: | Loans delinquent 30-59 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 61          
2024 573          
2023 114          
2022 0          
2021 156          
Prior years 97          
Total loans 1,001          
Consumer and other loans - Nelnet Bank | Loans in repayment status: | Loans delinquent 60-89 days            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 183          
2023 0          
2022 0          
2021 0          
Prior years 10          
Total loans 193          
Consumer and other loans - Nelnet Bank | Loans in repayment status: | Loans delinquent 90 days or greater            
Financing Receivable, Credit Quality Indicator [Line Items]            
Six months ended June 30, 2025 0          
2024 92          
2023 0          
2022 0          
2021 92          
Prior years 0          
Total loans $ 184