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 26, 2005
                                                   --------------

                        Nelnet Student Loan Funding, LLC
                        --------------------------------
             (Exact name of registrant as specified in its charter)
                                   Sponsor of
                        Nelnet Student Loan Trust 2005-2

            Delaware                  333-118566-02              75-2997993
            --------                  -------------              ----------
  (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)        (ZipCode)

Registrant's telephone number, including area code (402) 458-2301
                                                   -----------------------------

--------------------------------------------------------------------------------
         (Former name or former address, if changes since last report.)

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 (see General Instruction A.2. below):

[ ]     Written communications pursuant to Rule 425 under the Securities Act
        (17 CFR230.425)

[ ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act
       (17 CFR240.14a-12)

[ ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the
        Exchange Act (17 CFR240.14(d)-2(b))

[ ]     Pre-commencement communications pursuant to Rule 13e-4(c) un the
        Exchange Act (17 CFR240.13e-4(c))


<PAGE>


ITEM 1.01  ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

        Effective as of April 26, 2005, Nelnet Student Loan Funding, LLC
("Nelnet Funding") entered into the following agreements: (a) an Indenture of
Trust dated as of April 1, 2005, by and between Nelnet Funding and Zions First
National Bank, as indenture trustee (the "Indenture"); and (b) a Trust Agreement
by and between Nelnet Funding and Wells Fargo Delaware Trust Company, as
Delaware trustee (the "Trust Agreement"). In addition, on April 19, 2005, Nelnet
Funding entered into an Underwriting Agreement among Nelnet Funding, Deutsche
Bank Securities Inc., J.P. Morgan Securities Inc., and Morgan Stanley & Co.
Incorporated (the "Underwriting Agreement"). The Indenture, the Trust Agreement
and the Underwriting Agreement were executed in connection with Nelnet Student
Loan Trust 2005 - 2's issuance of $2,000,000,000 of its student loan
asset-backed notes on April 26, 2005. The details of this issuance are contained
in the prospectus supplement filed with the Securities and Exchange Commission
pursuant to Rule 424(b) on April 22, 2005.

        The following agreements were also executed and delivered as of April 1,
2005 by the respective parties thereto: (a) the Loan Purchase Agreement by and
between Nelnet Student Loan Trust 2005-2 acting through Zions First National
Bank as indenture trustee and eligible lender trustee, and Nelnet Funding; (b)
the Master Servicing Agreement by and among National Education Loan Network,
Inc., Nelnet Student Loan Trust 2005-2 and Nelnet Funding; and (c) the
Administration Agreement among Nelnet Student Loan Trust 2005-2, Wells Fargo
Delaware Trust Company, as Delaware trustee, Zions First National Bank, as
indenture trustee, and National Education Loan Network, Inc.

ITEM 2.01  COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

        The Trust used the net proceeds from the sale of the notes to purchase
$1,908,058,191 of student loans originated under the Federal Family Education
Loan Program.

ITEM 9.01  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

(c) Exhibits:

1.1     Underwriting Agreement among Nelnet Student Loan Funding, LLC, Deutsche
        Bank Securities Inc., J.P. Morgan Securities Inc., and Morgan Stanley &
        Co. Incorporated dated as of April 19, 2005 (filed herewith).

4.1     Indenture of Trust by and between Nelnet Student Loan Funding, LLC and
        Zions First National Bank, dated as of April 1, 2005 (filed herewith).

4.2     Trust Agreement by and between Nelnet Student Loan Funding, LLC and
        Wells Fargo Delaware Trust Company, as Delaware trustee, dated as of
        April 1, 2005 (filed herewith).


<PAGE>

99.1    Loan Purchase Agreement by and between Nelnet Student Loan Trust 2005-2,
        acting through Zions First National Bank, as indenture trustee and
        Nelnet Student Loan Funding, LLC, dated as of April 1, 2005 (filed
        herewith).

99.2    Master Servicing Agreement by and among National Education Loan Network,
        Inc., Nelnet Student Loan Trust 2005-2 and Nelnet Student Loan Funding,
        LLC, dated as of April 1, 2005 (filed herewith).

99.3    Administration Agreement among Nelnet Student Loan Trust 2005-2, Wells
        Fargo Delaware Trust Company, as Delaware trustee, Zions First National
        Bank, as indenture trustee, and National Education Loan Network, Inc.,
        dated as of April 1, 2005 (filed herewith).


                                   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 thereunto duly authorized.


                                         NELNET STUDENT LOAN
                                         FUNDING, LLC


                                         By: NELNET STUDENT LOAN FUNDING
                                             MANAGEMENT CORPORATION, as Manager



                                         By: /s/ Jeffrey Noordhoek
                                           ----------------------------------
                                            Jeffrey Noordhoek
                                            Vice President

Dated:  April 29, 2005


<PAGE>


                                  EXHIBIT INDEX



               Exhibit


(1.1)   Underwriting Agreement

(4.1)   Indenture of Trust

(4.2)   Trust Agreement

(99.1)  Loan Purchase Agreement

(99.2)  Master Servicing Agreement

(99.3) Administration Agreement
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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 26, 2005
                                                   --------------

                        Nelnet Student Loan Funding, LLC
                        --------------------------------
             (Exact name of registrant as specified in its charter)
                                   Sponsor of
                        Nelnet Student Loan Trust 2005-2

            Delaware                  333-118566-02              75-2997993
            --------                  -------------              ----------
  (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)        (ZipCode)

Registrant's telephone number, including area code (402) 458-2301
                                                   -----------------------------

--------------------------------------------------------------------------------
         (Former name or former address, if changes since last report.)

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 (see General Instruction A.2. below):

[ ]     Written communications pursuant to Rule 425 under the Securities Act
        (17 CFR230.425)

[ ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act
       (17 CFR240.14a-12)

[ ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the
        Exchange Act (17 CFR240.14(d)-2(b))

[ ]     Pre-commencement communications pursuant to Rule 13e-4(c) un the
        Exchange Act (17 CFR240.13e-4(c))
ITEM 1.01  ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

        Effective as of April 26, 2005, Nelnet Student Loan Funding, LLC
("Nelnet Funding") entered into the following agreements: (a) an Indenture of
Trust dated as of April 1, 2005, by and between Nelnet Funding and Zions First
National Bank, as indenture trustee (the "Indenture"); and (b) a Trust Agreement
by and between Nelnet Funding and Wells Fargo Delaware Trust Company, as
Delaware trustee (the "Trust Agreement"). In addition, on April 19, 2005, Nelnet
Funding entered into an Underwriting Agreement among Nelnet Funding, Deutsche
Bank Securities Inc., J.P. Morgan Securities Inc., and Morgan Stanley & Co.
Incorporated (the "Underwriting Agreement"). The Indenture, the Trust Agreement
and the Underwriting Agreement were executed in connection with Nelnet Student
Loan Trust 2005 - 2's issuance of $2,000,000,000 of its student loan
asset-backed notes on April 26, 2005. The details of this issuance are contained
in the prospectus supplement filed with the Securities and Exchange Commission
pursuant to Rule 424(b) on April 22, 2005.

        The following agreements were also executed and delivered as of April 1,
2005 by the respective parties thereto: (a) the Loan Purchase Agreement by and
between Nelnet Student Loan Trust 2005-2 acting through Zions First National
Bank as indenture trustee and eligible lender trustee, and Nelnet Funding; (b)
the Master Servicing Agreement by and among National Education Loan Network,
Inc., Nelnet Student Loan Trust 2005-2 and Nelnet Funding; and (c) the
Administration Agreement among Nelnet Student Loan Trust 2005-2, Wells Fargo
Delaware Trust Company, as Delaware trustee, Zions First National Bank, as
indenture trustee, and National Education Loan Network, Inc.

ITEM 2.01  COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

        The Trust used the net proceeds from the sale of the notes to purchase
$1,908,058,191 of student loans originated under the Federal Family Education
Loan Program.

ITEM 9.01  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

(c) Exhibits:

1.1     Underwriting Agreement among Nelnet Student Loan Funding, LLC, Deutsche
        Bank Securities Inc., J.P. Morgan Securities Inc., and Morgan Stanley &
        Co. Incorporated dated as of April 19, 2005 (filed herewith).

4.1     Indenture of Trust by and between Nelnet Student Loan Funding, LLC and
        Zions First National Bank, dated as of April 1, 2005 (filed herewith).

4.2     Trust Agreement by and between Nelnet Student Loan Funding, LLC and
        Wells Fargo Delaware Trust Company, as Delaware trustee, dated as of
        April 1, 2005 (filed herewith).
99.1    Loan Purchase Agreement by and between Nelnet Student Loan Trust 2005-2,
        acting through Zions First National Bank, as indenture trustee and
        Nelnet Student Loan Funding, LLC, dated as of April 1, 2005 (filed
        herewith).

99.2    Master Servicing Agreement by and among National Education Loan Network,
        Inc., Nelnet Student Loan Trust 2005-2 and Nelnet Student Loan Funding,
        LLC, dated as of April 1, 2005 (filed herewith).

99.3    Administration Agreement among Nelnet Student Loan Trust 2005-2, Wells
        Fargo Delaware Trust Company, as Delaware trustee, Zions First National
        Bank, as indenture trustee, and National Education Loan Network, Inc.,
        dated as of April 1, 2005 (filed herewith).

                                   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 thereunto duly authorized.

                                         NELNET STUDENT LOAN
                                         FUNDING, LLC

                                         By: NELNET STUDENT LOAN FUNDING
                                             MANAGEMENT CORPORATION, as Manager

                                         By: /s/ Jeffrey Noordhoek
                                           ----------------------------------
                                            Jeffrey Noordhoek
                                            Vice President

Dated:  April 29, 2005
EXHIBIT INDEX

               Exhibit

(1.1)   Underwriting Agreement

(4.1)   Indenture of Trust

(4.2)   Trust Agreement

(99.1)  Loan Purchase Agreement

(99.2)  Master Servicing Agreement

(99.3) Administration Agreement