Nelnet chalks up Student Marketing Group acquisition.

The article reports that five years ago, Jan Stumacher was the toast of the town when Ernst & Young named him one of Long Island's entrepreneurs of the year. Today he's got another reason to uncork the champagne. Nelnet Inc., a Lincoln, Nebraska-based student loan provider, said it has inked a deal to acquire Lynbrook-based Student Marketing Group and National Honor Roll LLC, both founded and owned by Stumacher, for at least 31 million dollar. Traditional 20 million dollar in payments would be on the way, depending on the companies' future performance.