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FACTS Launches FACTS Compass™

On October 15, 2026, FACTS, a subsidiary of Nelnet (NYSE: NNI), introduced FACTS Compass™, an innovative scholarship administration platform aimed at enhancing the efficiency of Scholarship Granting Organizations (SGOs) in managing the Federal Scholarship Tax Credit (FSTC). This platform is designed to help SGOs provide a streamlined scholarship experience for families with students attending both public and private schools.

What is the Federal Scholarship Tax Credit?

The Federal Scholarship Tax Credit (FSTC) presents new opportunities for eligible taxpayers to contribute to scholarships, enabling families to cover qualifying educational expenses. This initiative is particularly beneficial for those attending various educational institutions, as it encourages community support and increases student access to educational resources.

Features of FACTS Compass™

FACTS Compass™ aims to be the operational foundation for SGOs, helping them establish the necessary infrastructure to participate in the FSTC program. According to Jonell Sanchez, managing director for the product, the platform is developed collaboratively with the organizations that will use it daily. The initial release of FACTS Compass is designed to enable organizations to begin fundraising efforts and enroll families immediately.

As the project continues, Matt Richardson, director of FACTS Compass, emphasized the importance of FACTS’ experience in compliance and administration. Over the past decade, FACTS has aided schools in navigating state scholarship regulations, which will now extend to provide guidance for the new federal initiative.

Goals for 2027 and Beyond

Looking ahead, the full rollout of FACTS Compass is anticipated to complete by 2027. As the platform matures, it will foster deeper integration between SGOs, schools, and families, ultimately improving student access to scholarships. Scott Spethman, the president of FACTS, highlighted the organization's commitment to reducing administrative burdens, allowing SGOs to focus primarily on disbursing scholarship funds to students in need.

Comprehensive Support Beyond Technology

The platform not only serves as a functional tool but also connects SGOs to an extensive network of resources covering governance, donor engagement, and advocacy strategies. Being part of the Nelnet family, FACTS leverages its substantial expertise in financial operations and education technology to provide comprehensive support.

Serving nearly 12,000 K-12 schools with critical education technology and financial management tools, FACTS has garnered trust across a wide spectrum of educational institutions. Their commitment to operational excellence and regulatory understanding positions them well to adapt to the evolving landscape of educational funding.

Learn More About FACTS Compass™

For stakeholders interested in comprehensively understanding the possibilities FACTS Compass™ offers, more information is available at factscompass.com. This website serves as a crucial resource for SGOs and communities, facilitating a greater insight into managing the FSTC and enhancing student support through effective scholarship administration.

Conclusion

With FACTS Compass™, FACTS is poised to transform the landscape of scholarship management. The platform signifies a critical step toward facilitating broader access to educational opportunities for students, underscoring the organization's ongoing dedication to educational equity and excellence. As we move forward into the rollout phases, the educational community eagerly anticipates the positive impacts this new initiative will bring in supporting aspiring learners across various schools.