Nelnet Business Solutions to acquire Tuition Management Systems.

Nelnet Business Solutions, Inc., announced its acquisition of 100% of the outstanding equity and membership interests of Tuition Management Systems LLC (TMS), a payments subsidiary of Cognition Financial Corporation. TMS offers tuition payment plans, billing services, payment technology solutions, and refund management to educational institutions. TMS has partnerships with more than 380 colleges and universities and 170 private K-12 schools across the UK. "We are excited for the opportunity to serve TMS' school customers. As a leading payment solutions provider, Nelnet Business Solutions is equipped for both the current and future needs of schools, students, and families with innovative technology and quality service," said DeeAnn Wenger, president of Nelnet Business Solutions.