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)
                                OCTOBER 26, 2005


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


           NEBRASKA                     001-31924               84-0748903
------------------------------      -------------------  -----------------------
 (State or other jurisdiction          (Commission           (I.R.S. 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) 458-2370

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.

                On October 26, 2005, Nelnet, Inc. issued a press release with
        respect to its earnings for the quarter ended September 30, 2005.

Item 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

               A copy of the press release is attached as Exhibit 99.1 to this
        Current Report. Additional information for the quarter ended September
        30, 2005, which is available on the Registrant's website at
        www.nelnet.net, is furnished as Exhibit 99.2.








                                   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:  October 26, 2005

                                       NELNET, INC.


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





                                  EXHIBIT INDEX


Exhibit No.        Description
-----------        -----------

  99.1             Press Release dated October 26, 2005 - "Nelnet reports net 
                   student loan assets up 28 percent year-over-year"

  99.2             Additional Information Available on the Registrant's Website