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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Loan interest $ 787,498 $ 931,945 $ 651,205
Investment interest 185,901 177,855 91,601
Total interest income 973,399 1,109,800 742,806
Interest expense on bonds and notes payable and bank deposits 680,537 845,091 430,137
Net interest income 292,862 264,709 312,669
Less provision for loan losses 54,607 8,115 34,973
Net interest income after provision for loan losses 238,255 256,594 277,696
Other income (expense):      
Other, net 61,602 (74,327) 17,709
Loss on sale of loans, net (1,643) (17,662) (8,565)
Derivative market value adjustments and derivative settlements, net 16,258 (16,701) 264,634
Total other income (expense), net 1,165,079 924,311 1,242,480
Cost of services and expenses:      
Cost of services 252,325 219,759 168,374
Operating Expenses [Abstract]      
Salaries and benefits 576,931 591,537 589,579
Depreciation and amortization 58,116 79,118 74,077
Reinsurance losses and underwriting expenses 55,246 16,781 154
Other expenses 189,503 173,070 170,624
Total operating expenses 879,796 860,506 834,434
Impairment expense and provision for beneficial interests 42,629 31,925 15,523
Total expenses 1,174,750 1,112,190 1,018,331
Income (loss) before income taxes 228,584 68,715 501,845
Income tax expense 52,669 19,385 113,100
Net income 175,915 49,330 388,745
Net loss attributable to noncontrolling interests 8,130 40,496 18,154
Net income attributable to Nelnet, Inc. $ 184,045 $ 89,826 $ 406,899
Earnings per common share:      
Net income attributable to Nelnet, Inc. shareholders - basic (in dollars per share) $ 5.02 $ 2.40 $ 10.82
Net income attributable to Nelnet, Inc. shareholders - diluted (in dollars per share) $ 5.02 $ 2.40 $ 10.82
Weighted-average common shares outstanding - basic (in shares) 36,642,533 37,416,621 37,603,033
Weighted-average common shares outstanding - diluted (in shares) 36,642,533 37,416,621 37,603,033
Loan servicing and systems revenue      
Other income (expense):      
Revenue $ 482,408 $ 517,954 $ 535,459
Cost of services and expenses:      
Cost of services 1,889 0 0
Education technology services and payments revenue      
Other income (expense):      
Revenue 486,962 463,311 408,543
Cost of services and expenses:      
Cost of services 172,763 171,183 148,403
Reinsurance premiums earned      
Other income (expense):      
Revenue 62,923 20,067 157
Solar construction revenue      
Other income (expense):      
Revenue 56,569 31,669 24,543
Cost of services and expenses:      
Cost of services $ 77,673 $ 48,576 $ 19,971