X0202 4 2004-08-17 0 0001258602 NELNET INC NNI 0001269796 CIARVELLA RAYMOND J 121 SOUTH 13TH STREET, SUITE 201 LINCOLN NE 68508 0 1 0 0 Ex. Dir. & Chief Inf. Officer Class A Common Stock 2004-08-17 4 S 0 1000 22.00 D 268500 D Sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan. Exhibit List: Exhibit 24 - Power of Attorney /Edward P. Martinez, Attorney-in-Fact for Raymond Ciarvella/ 2004-08-17