UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934



  Date of Report (Date of earliest event reported)   MARCH 31, 2008
                                                     --------------

                                  NELNET, INC.
             (Exact name of registrant as specified in its charter)


            NEBRASKA                  001-31924                84-0748903
            --------                  ---------                ----------
  (State of other jurisdiction       (Commission             (IRS Employer
       of incorporation)             File Number)         Identification No.)


      121 SOUTH 13TH STREET, SUITE 201, LINCOLN, NEBRASKA          68508
  ----------------------------------------------------------------------------
        (Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code (402) 458-2303
                                                   ---------------


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]     Written communications pursuant to Rule 425 under the Securities
        Act (17 CFR 230.425)

[ ]     Soliciting material pursuant to Rule 14a-12 under the Exchange
        Act (17 CFR 240.14a-12)

[ ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the
        Exchange Act (17 CFR 240.14d-2(b))

[ ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the
        Exchange Act (17 CFR 240.13e-4(c))





ITEM 2.02      RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

        As discussed further under Item 8.01 below, on March 31, 2008, Nelnet,
Inc. (the "Company") sold, through a wholly owned subsidiary, a portfolio of
student loans originated under the Federal Family Education Loan Program
("FFELP") having an aggregate outstanding principal balance of approximately
$858 million. As a result of this sale, the Company currently anticipates
recognizing an after tax loss of approximately $18 million, to be recorded in
the quarter ended March 31, 2008.

        On April 8, 2008, the Company sold the additional portolio of student
loans of approximately $428 million further discussed under Item 8.01 below. The
Company anticipates presenting these loans as "held for sale" on the Company's
March 31, 2008 consolidated balance sheet and will value this portfolio at the
lower of cost or fair value. As a result, the Company anticipates recognizing an
after tax loss related to this classification for financial statement purposes
of approximately $10 million, to be recorded in the quarter ended March 31,
2008.

        Subsequent to the student loan portfolio sales discussed under Item 8.01
below and the asset-backed financing transaction discussed under Item 2.03
below, there was approximately $4.5 billion in student loans remaining under the
Company's multi-year committed financing facility for FFELP loans (the FFELP
warehouse facility).

ITEM 2.03  CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
           OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

        Nelnet Student Loan Funding, LLC ("Nelnet Funding") and Nelnet Education
Loan Funding, Inc. ("NELF") are wholly owned subsidiaries of National Education
Loan Network, Inc. National Education Loan Network, Inc. is a wholly owned
subsidiary of the Company.

        On April 1, 2008, Nelnet Student Loan Trust 2008-2 (the "Trust"), of
which Nelnet Funding is the Depositor, and Zions First National Bank, in its
capacity as Indenture Trustee and as Eligible Lender Trustee, executed and
delivered an Indenture of Trust dated as of April 1, 2008, pursuant to which the
Trust issued $467.2 million of Student Loan Asset-Backed Notes (the "Notes").

        The Trust used approximately $452.6 million to purchase FFELP loans from
Nelnet Funding. Nelnet Funding purchased the student loans the Trust acquired
from NELF.

        A description of the transaction and the documents executed in
connection with the transaction are included in the Trust's Form 8-K (Reg. No.
333-144431-02) filed on April 3, 2008.

ITEM 8.01  OTHER EVENTS.

        LOAN SALE

        The Company recently signed an agreement to sell a portfolio of FFELP
loans to a large National Bank active in student lending and education finance.
NELF sold a portfolio of FFELP loans having an aggregate outstanding principal
balance of approximately $858 million on March 31, 2008 and an additional
portfolio having an aggregate outstanding principal balance of approximately
$428 million on April 8, 2008 to the financial institutaion. Combined, the
portfolios were sold for a purchase price of approximately 98% of the principal
balance of the loan portfolios and included approximately $842 million of
consolidation loans.

        In connection with the sale of loans, the Company also entered into a
servicing agreement with the purchaser for the existing and future loan
origination and servicing activities. As a result, the Company expects to
generate additional future servicing fee revenues from the portfolios of loans
that were sold, as well as from future loan originations through the purchaser.

        ADDITIONAL INFORMATION

        As of March 31, 2008, the Company holds approximately $600,000 of
private student loans on its balance sheet which are insured by The Education
Resource Institute, Inc ("TERI"). The Company is currently not originating new
private student loans to be held on its balance sheet, including those insured
by TERI.

        Information other than historical facts contained in this report may be
considered forward looking in nature and is subject to various risks,
uncertainties, and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated, estimated, or
expected. Among the key factors that may have a direct bearing on the Company's
operating results, performance, or financial condition expressed or implied by
the forward-looking statements are changes in federal legislation which
significantly affect student loan programs, the uncertain nature of management
estimates, changes in terms of student loans and the educational credit
marketplace, changes in the demand for educational financing or in financing
preferences of educational institutions, students, and their families, changes
in the general interest rate environment and in the securitization markets for
education loans, and other matters discussed in the Risk Factors section of the
Company's Annual Report on Form 10-K for the year ended December 31, 2007 filed
with the Securities and Exchange Commission.





                                   SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:  April 9, 2008
                                               NELNET, INC.


                                               By: /S/ TERRY J HEIMES
                                               -----------------------------
                                               Name:  Terry J. Heimes
                                               Title: Chief Financial Officer