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Nelnet CEO says student loan debt ‘too big’ | Local Business News

It may seem odd to hear the CEO of one of America’s largest student loan companies say that student debt is a problem, but that’s exactly how Jeff Noordhoek sees it.

The Nelnet CEO showed shareholders a chart during Thursday’s annual meeting in Lincoln that illustrated how the amount of outstanding student loan debt has grown more than five-fold in less than 20 years — from $330 million in 2003 to $1.75 trillion last year.

“That’s a big number,” Noordhoek said. “In fact, it’s too big.”

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