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)
                                 APRIL 28, 2006


                                  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))



<PAGE>


      Item 2.02. Results of Operations and Financial Condition.

               On April 28, 2006, Nelnet, Inc. issued a press release with
        respect to its earnings for the quarter ended March 31, 2006, which is
        furnished as Exhibit 99.1 to this Current Report on Form 8-K. Additional
        information for the quarter, which is available on the Registrant's
        website at www.nelnet.net, is furnished as Exhibit 99.2.





<PAGE>




                                   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 28, 2006

                                       NELNET, INC.


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


<PAGE>



                                  EXHIBIT INDEX


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

    99.1           Press Release dated April 28, 2006 - "Nelnet reports net
                   student loan assets up $1.1 billion from year end"

    99.2           Additional Information Available on the Registrant's Website
[{"type": "8-K", "sequence": "1", "filename": "n8k.txt", "secsgml_size_bytes": 3284}]
{"company-data": {"conformed-name": "NELNET INC", "cik": "0001258602", "assigned-sic": "6141", "irs-number": "840748903", "state-of-incorporation": "NE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31924", "film-number": "06787099"}, "business-address": {"street1": "121 SOUTH 13TH ST", "street2": "STE 201", "city": "LINCONLN", "state": "NE", "zip": "68508"}, "mail-address": {"street1": "121 SOUTH 13TH ST", "street2": "STE 201", "city": "LINCOLN", "state": "NE", "zip": "68508"}}
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)
                                 APRIL 28, 2006

                                  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 April 28, 2006, Nelnet, Inc. issued a press release with
        respect to its earnings for the quarter ended March 31, 2006, which is
        furnished as Exhibit 99.1 to this Current Report on Form 8-K. Additional
        information for the quarter, 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:  April 28, 2006

                                       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 April 28, 2006 - "Nelnet reports net
                   student loan assets up $1.1 billion from year end"

    99.2           Additional Information Available on the Registrant's Website