PR Newswire·Oct 15, 2026, 4:30 PM ET

FACTS Introduces FACTS Compass™, a Scholarship Administration Platform for the Federal Scholarship Tax Credit

FACTS, a Nelnet company, announced the launch of FACTS Compass on Oct. 15, 2026, to help Scholarship Granting Organizations (SGOs) administer the Federal Scholarship Tax Credit (FSTC).
The platform enables SGOs to establish operational foundations for the FSTC, which allows taxpayers to support educational expenses for students in public & private schools.
The initial release allows organizations to begin raising funds & enrolling families, with full capabilities expected to be completed in 2027.
FACTS currently supports over 120 SGOs & five state education funding programs, leveraging a decade of experience in compliance & eligibility determination.
Matt Richardson, director of FACTS Compass, stated the company will serve as an implementation partner & educational resource to help communities meet compliance requirements.
The platform is backed by a network of partners providing governance, donor engagement, & advancement strategy support beyond technology.
Scott Spethman, president of FACTS, noted the company serves nearly 12,000 K-12 schools & aims to reduce administrative burdens on SGOs.
Nelnet, founded in 1978, employs over 5,700 associates serving K-12 schools, colleges, & millions of families across lending, servicing, payments, & technology.
The press release includes forward-looking statements regarding product development, feature availability, regulatory implementation, & potential participation by states & SGOs.