LINCOLN, Neb., June 2, 2016 /PRNewswire/ -- FACTS
Management, the leader in school management solutions for private
and faith-based K–12 schools, has acquired the business of Private
School Aid Service (PSAS), a company focused on providing need
analysis services for private schools.
PSAS currently assists over 4,400 private, parochial, and
Christian schools in objectively determining the financial needs of
families that have chosen non-public education for their children.
FACTS, the industry leader in school management services, now
serves more than 12,700 schools with a robust suite of services,
including tuition management, billing, financial aid assessment,
and RenWeb school administration software.
"Both PSAS and FACTS have been serving private and faith-based
K–12 schools for nearly 30 years," said DeeAnn Wenger, President of FACTS. "Over the
course of the past three decades, we have been impressed by the
strong and loyal school client base PSAS has maintained. We look
forward to continuing to provide their clients with the quality
service and support they have come to expect from PSAS, while
leveraging the advanced technology and integration available
through our FACTS Grant & Aid system."
FACTS continues to change the way schools and their families
experience private and faith-based education, providing the most
complete academic and financial solutions available. The
comprehensive suite of services offered by the company provide a
true end-to-end solution that empowers both faculty and
families.
"We have shared a long history of healthy and respectful
competition with FACTS," said Kate
Bilski, President of PSAS. "We strongly believe that our
similar values and focus on providing a superior service experience
will only benefit the schools and families we have been so
privileged to serve." Bilski and Matt
Richardson, Vice President of PSAS, will continue to serve
PSAS clients as members of the FACTS team.
With the addition of PSAS' clients, FACTS is clearly positioned
as the leader in financial needs assessment services, serving
nearly 7,500 school customers.
About FACTS Management Company
FACTS, a Nelnet company (NYSE: NNI), is located in Lincoln, Neb., and is committed to making
educational dreams possible for families and students, as well as
enhancing the financial stability and affordability of educational
institutions. FACTS serves more than one million families at over
12,700 schools, and manages $7.1
billion in tuition funds annually. FACTS offers a
comprehensive suite of services, including tuition management,
payment administration and processing, financial needs assessment,
online application and enrollment, and RenWeb student
administration software. For more information, visit
factsmgt.com.
About Private School Aid Service
Private School Aid Service (PSAS) provides a comprehensive
service that handles all aspects of the financial aid application
and verification process. PSAS has over 40 years of experience
serving the parochial, private school, and scholarship community
with the consistency and accountability critical to a professional
scholarship program. PSAS provides service to 4,400 private,
parochial, and Christian schools, maintaining the flexibility that
is so vital to successful program administration, while also
preserving the degree of standardization necessary to manage each
program efficiently. More information can be found at psas.org.
Information contained in this press release, other than
historical information, may be considered forward-looking in nature
and is subject to various risks, uncertainties, and assumptions.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those anticipated, estimated, or expected.
Among the key factors that may have a direct bearing on Nelnet's
operating results, performance, or financial condition expressed or
implied by the forward-looking statements are the uncertain nature
of the expected benefits from the acquisition and the ability to
successfully integrate operations, changes in the marketplace, or
changes in the demand for school information systems.
(code #: nnig)
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SOURCE FACTS Management Company