Nelnet on Monday announced the acquisition of a company that specializes in tuition payments.
The Lincoln-based company said its Nelnet Business Solutions division acquired Tuition Management Systems LLC, a payments subsidiary of Cognition Financial Corporation, based in Warwick, Rhode Island.
TMS offers tuition payment plans, billing services, payment technology solutions and other services to educational institutions. TMS has partnerships with more than 380 colleges and universities and 170 private K-12 schools across the country with a concentration of institutions in the northeast.
Nelnet Business Solutions comprises FACTS|RenWeb, Nelnet Campus Commerce and PaymentSpring, and its services are used by more than 900 colleges and universities and 13,500 K‑12 schools.