Nelnet, one of the largest student loan companies in the U.S. and a
provider of products and services to students and schools, has bought
Peterson's--which offers, in print and online, educational and career
guidance material, including school guides, test prep, admissions and
financial aid information--from the Thomson Corp.
Peterson's, which has headquarters in Lawrenceville, N.J., will become part of Nelnet's education services division. It will continue to use the Peterson's brand and retain current management. Founded in 1966, Peterson's has about 220 employees.
Steve Butterfield, vice chairman and co-CEO of Nelnet, which has headquarters in Lincoln, Neb., called Peterson's "a great resource to help students select the right educational experience, prepare for admission tests, explore ways to pay for their education, and advance their careers. In addition, Peterson's has earned a reputation for helping schools find and recruit students."
The purchase of Peterson's, he continued, "expands the products and services that the two companies can offer to students, families, schools, lenders, guarantors and military partners."
For her part, Peterson's president Mary Gatsch said that becoming part of "a leading college planning and financing company means that we can add value to our customers and advance our vision of helping education-seeking families."
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The Ventura County Star profiles Jeanne Johnson and Melissa Cook, who in 2004 founded the Book Bag, a used bookstore in Thousand Oaks, Calif. The nonprofit store aims to promote literacy and will soon donate $1,000 to the Conejo Valley Adult Literacy Program.
In the store, books are priced at $1-$5. The store sells some valuable books online; it donates "shabby" books to jails and other organizations.
Peterson's, which has headquarters in Lawrenceville, N.J., will become part of Nelnet's education services division. It will continue to use the Peterson's brand and retain current management. Founded in 1966, Peterson's has about 220 employees.
Steve Butterfield, vice chairman and co-CEO of Nelnet, which has headquarters in Lincoln, Neb., called Peterson's "a great resource to help students select the right educational experience, prepare for admission tests, explore ways to pay for their education, and advance their careers. In addition, Peterson's has earned a reputation for helping schools find and recruit students."
The purchase of Peterson's, he continued, "expands the products and services that the two companies can offer to students, families, schools, lenders, guarantors and military partners."
For her part, Peterson's president Mary Gatsch said that becoming part of "a leading college planning and financing company means that we can add value to our customers and advance our vision of helping education-seeking families."
---
The Ventura County Star profiles Jeanne Johnson and Melissa Cook, who in 2004 founded the Book Bag, a used bookstore in Thousand Oaks, Calif. The nonprofit store aims to promote literacy and will soon donate $1,000 to the Conejo Valley Adult Literacy Program.
In the store, books are priced at $1-$5. The store sells some valuable books online; it donates "shabby" books to jails and other organizations.