(Reuters) - Nelnet
The student finance company acquired the interest in notes issued by GCO Student Loan Interest Margin Securities Trust-I (GCO SLIMS Trust-1), giving the company rights to the residual interest in GCO Education Loan Funding Trust-I.
Continue Reading Below
The company expects the purchase to add immediately to base net income.
Nelnet said the loans and debt within the trusts will increase its student loan portfolio to more than $25 billion.
(Reporting by Anil D'Silva; Editing by Don Sebastian)