Nelnet Student Loan Trust 2023-A

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$155,925,000 Floating Rate Class A-FL Private Education Loan-Backed Notes
$155,925,000 Fixed Rate Class A-FX Private Education Loan-Backed Notes  
$12,700,000 Fixed Rate Class B Private Education Loan-Backed Notes  
$12,750,000 Fixed Rate Class C Private Education Loan-Backed Notes  
$12,700,000 Fixed Rate Class D Private Education Loan-Backed Notes  
$8,910,000 Fixed Rate Class E Private Education Loan-Backed Notes

Date of Issue: August 17, 2023

Issue Amount: $358,910,000

Securities Offered:
Class A-FL Floating Rate Asset-Backed Notes in the aggregate principal amount of
$155,925,000
Rate: 30-day Average SOFR +2.20%
CUSIP: 64032PAA0
ISIN: US6403PAA03

Class A-FX Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$155,925,000
Rate: 6.64%
CUSIP: 64032PAB8
ISIN: US64032PAB85

Class B Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$12,700,000
Rate: 6.85%
CUSIP: 64032PAC6
ISIN: US64032PAC68

Class C Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$12,750,000
Rate: 6.64%
CUSIP: 64032PAD4
ISIN: US64032PAD42

Class D Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$12,700,000
Rate: 6.64%
CUSIP: 64032PAE2
ISIN: US64032PAE25

Class E Fixed Rate Asset-Backed Notes in the aggregate principal amount of
$8,910,000
Rate: 6.64%
CUSIP: 64032PAF9
ISIN: US64032PAF99

Servicer: Pennsylvania Higher Education Assistance Agency

Administrator: National Education Loan Network, Inc.

Indenture Trustee: U.S. Bank, National Association