Fitch Places 1 Class of Nelnet Education Loan Funding, Inc. on Rating Watch Negative

Business Wire, Jan 7, 2008

NEW YORK -- Fitch Ratings places 1 class of Nelnet Education Loan Funding, Inc. student loan interest margin securities on Rating Watch Negative. This action follows Fitch's placement of MBIA and its financial guaranty insurance subsidiaries Insurer Financial Strength (IFS) rating of 'AAA' on Rating Watch Negative. For more information please refer to 'Fitch Places MBIA on Rating Watch Negative on CDO & RMBS Review', dated Dec. 20, 2007, available on the Fitch Ratings web site at www.fitchratings.com.

The ratings of the following ABS transactions are supported by a financial guaranty policy provided by MBIA Insurance Corp., which is a subsidiary of MBIA, and therefore are placed on Rating Watch Negative.

Nelnet Education Loan Funding, Inc. (fks NEBHELP) - 1998 Trust (SLIMS)

--class SLIMS at 'AAA'

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.