Chase to Add 125 Former Nelnet Employees to Indianapolis Operations

Chase continues to expand its Student Lending business with two key investments in staff and technology.

The investments are:

• Hiring about 125 experienced staffers made available through atransaction with an industry
  competitor
• Opening a state-of-the art loan servicing center in Mississippi

“Chase continues to expand our student lending business so we can help more students and their families access higher education,” said Danny Ray, president of Chase’s student loan business, part of JPMorgan Chase (NYSE:JPM). “With more people and new technology, we can do a better job for all of our customers.”

The former Nelnet employees in Indianapolis agreed to join Chase by Dec. 1.

In addition, Chase will sublease most of Nelnet’s office space in Indianapolis, which adds a second Student Lending originations facility in the city.
The additional employees will accelerate Chase’s plans to expand its loan-origination staff.
“This is a terrific opportunity to add experienced, knowledgeable loan originators to our staff,” Ray said.

Late last month, Chase celebrated the opening of a multimillion-dollar call center and student loan-processing facility for 275 employees in Madison, a suburb of Jackson, Miss.

For more information on the finance and insurance industries in the Indianapolis region please visit: http://www.indypartnership.com/.