FACTS Introduces FACTS Compass™, a Scholarship Administration Platform for the Federal Scholarship Tax Credit

New Platform Helps Scholarship Granting Organizations Support Students Across Public and Private Schools

LINCOLN, Neb., Oct. 15, 2026 /PRNewswire/ -- FACTS, a Nelnet company (NYSE: NNI), today announced FACTS Compass™, a scholarship administration platform designed to help Scholarship Granting Organizations (SGOs) administer the Federal Scholarship Tax Credit (FSTC) and build a more connected scholarship management experience.

The FSTC creates a new opportunity for eligible taxpayers to support scholarships that help families cover qualifying educational expenses for students attending public and private schools. FACTS Compass is designed to help SGOs establish the operational foundation needed to participate in the program and serve students and families.

"We're building FACTS Compass alongside SGOs that will rely on it every day, and we're delivering it in step with the FSTC program," said Jonell Sanchez, managing director of product for FACTS Compass. "The first release gives organizations what they need to begin raising funds and enrolling families, and 2027 will complete the picture. We're excited about what FACTS Compass will make possible for SGOs and the students, families, and schools they serve."

FACTS currently supports more than 120 SGOs and group programs, and five state education funding programs, providing experience in application processing, eligibility determination, and compliance administration. That experience informs FACTS' approach to helping SGOs prepare for the FSTC.

"We've spent a decade helping schools navigate the compliance side of state scholarship programs, and that work continues," said Matt Richardson, director of FACTS Compass. "With the FSTC, we're bringing that experience to SGOs preparing to administer a new federal scholarship program. Beyond technology, FACTS can serve as an implementation partner and educational resource, helping communities understand the program, meet compliance requirements, and build the operations needed to serve students from day one."

FACTS Compass is backed by a network of partners and resources that support scholarship organizations beyond technology, including governance, donor engagement, and advancement strategy. As part of Nelnet, FACTS also brings deep financial and operational expertise.

"We serve nearly 12,000 K-12 schools with education technology and financial management tools trusted by administrators, educators, and families," said Scott Spethman, president of FACTS. "We understand both the operational demands of the FSTC and its changing regulatory environment. We're developing FACTS Compass to reduce the administrative burden on SGOs so they can focus on delivering scholarship funds to students who need them."

Nelnet's roots in education date to 1978. Today, more than 5,700 associates serve K-12 schools, more than 1,200 colleges and universities, and millions of families, students, and borrowers across consumer lending, loan servicing, payments, and technology.

For more information, visit factscompass.com.

About FACTS

FACTS, a Nelnet company, provides mission-critical education technology solutions that strengthen operational efficiency, financial management, enrollment, tuition administration, and family engagement for schools worldwide. Serving nearly 12,000 organizations and over 4 million learners, FACTS delivers a comprehensive suite of edtech and fintech products designed to simplify school operations and connect schools and families through experiences built on trust, insight, and impact. FACTS also administers state education funding programs on behalf of program administrators nationwide.

Forward-Looking Statements

This announcement contains "forward-looking" statements within the meaning of applicable securities laws relating to, among other things, the development, features, functionality, and release timing of FACTS Compass; the anticipated availability of core capabilities by the end of 2026 and additional features in 2027; the implementation of the Federal Scholarship Tax Credit (FSTC) and related regulatory requirements; expected participation by Scholarship Granting Organizations (SGOs) and states; and the anticipated benefits of the platform to SGOs, schools, and families. Forward-looking statements may be identified by words such as "may," "will," "would," "should," "could," "expect," "anticipate," "believe," "estimate," "intend," "continue," "strategy," "future," "opportunity," "plan," "planned," "project," "forecast," "designed," "being built," "expected," and other similar expressions. Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made. These include changes in or interpretations of federal or state laws, regulations, and guidance, including the FSTC and Treasury rules; decisions by states and SGOs about whether and how to participate; delays or difficulties in product development, testing, or release; technology, security, and third-party service risks; competition; and other risks described in Nelnet, Inc.'s filings with the U.S. Securities and Exchange Commission. Accordingly, readers should not place undue reliance on forward-looking statements and information. Except as required by law, the company undertakes no obligation to update any forward-looking statement.

SOURCE FACTS