SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                      -----

                                    FORM 8-K

                                 CURRENT REPORT

                        PURSUANT TO SECTION 13 OR 15 (d)

                          OF THE SECURITIES ACT OF 1934

         Date of Report (date of earliest event reported) April 26, 2004
                                                          ---------------


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

                Sponsor of the Nelnet Student Loan Trust 2003-2




           Delaware                  333-82280                  75-2997993
------------------------------       ---------                  ----------
(State of other jurisdiction        (Commission                (IRS Employer
of incorporation)                   File Number)                ID  Number)


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
                                                             --------------


        (Former name or former address, if changed since last report)


<PAGE>


Item 5. Other Events
        ------------

        On April 26, 2004, Nelnet Student Loan Trust 2003-2 (the "Issuer") made
its regular quarterly distribution of funds to holders of its student loan
asset-backed notes. In connection therewith the Issuer distributed to
noteholders of record an Administrator Instruction Certificate pursuant to the
Administration Agreement dated as of July 1, 2003, among the Issuer, Wilmington
Trust Company, a Delaware Banking Corporation, not in its individual capacity
but solely as Delaware Trustee, and Zions Fist National Bank, a national banking
association, not in its individual capacity but solely as Indenture Trustee. The
Administrator Instruction Certificate included in this Form 8-K provides
information relating to the Notes and the applicable distributions of funds in
the Collection Fund held by the Indenture Trustee that occurred on the April 26,
2004 Distribution Date.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
        ------------------------------------------------------------------

(a) Not applicable.

(b) Not applicable.

(c) Exhibits:

19.1   Administrator Instruction Certificate for the April 26, 2004 Distribution
       Date is filed herewith.


<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 thereunto duly authorized.


                                       NELNET STUDENT LOAN
                                       FUNDING, LLC


                                       By:  NELNET STUDENT LOAN FUNDING
                                            MANAGEMENT CORPORATION, as Manager



                                       By:/s/ Terry J. Heimes
                                         -----------------------------------
                                          Terry J. Heimes
                                          Vice President and Treasurer

Dated:  April 26, 2004

<PAGE>

                                  EXHIBIT INDEX



               Exhibit
               -------


(19.1)  Administrator Instruction Certificate
[{"type": "8-K", "sequence": "1", "filename": "llc2003-2.txt", "secsgml_size_bytes": 3747}]
{"company-data": {"conformed-name": "NELNET STUDENT LOAN FUNDING LLC", "cik": "0001166221", "assigned-sic": "6163"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-82280", "film-number": "04759698"}, "business-address": {"street1": "1215 13TH ST", "street2": "SUITE 301", "city": "LINCOLN", "state": "NE", "zip": "68508", "phone": "4024239583"}, "mail-address": {"street1": "1215 13TH ST.", "street2": "SUITE 301", "city": "LINCOLN", "state": "NE", "zip": "68508"}}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                      -----

                                    FORM 8-K

                                 CURRENT REPORT

                        PURSUANT TO SECTION 13 OR 15 (d)

                          OF THE SECURITIES ACT OF 1934

         Date of Report (date of earliest event reported) April 26, 2004
                                                          ---------------

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

                Sponsor of the Nelnet Student Loan Trust 2003-2

           Delaware                  333-82280                  75-2997993
------------------------------       ---------                  ----------
(State of other jurisdiction        (Commission                (IRS Employer
of incorporation)                   File Number)                ID  Number)

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
                                                             --------------

        (Former name or former address, if changed since last report)
Item 5. Other Events
        ------------

        On April 26, 2004, Nelnet Student Loan Trust 2003-2 (the "Issuer") made
its regular quarterly distribution of funds to holders of its student loan
asset-backed notes. In connection therewith the Issuer distributed to
noteholders of record an Administrator Instruction Certificate pursuant to the
Administration Agreement dated as of July 1, 2003, among the Issuer, Wilmington
Trust Company, a Delaware Banking Corporation, not in its individual capacity
but solely as Delaware Trustee, and Zions Fist National Bank, a national banking
association, not in its individual capacity but solely as Indenture Trustee. The
Administrator Instruction Certificate included in this Form 8-K provides
information relating to the Notes and the applicable distributions of funds in
the Collection Fund held by the Indenture Trustee that occurred on the April 26,
2004 Distribution Date.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
        ------------------------------------------------------------------

(a) Not applicable.

(b) Not applicable.

(c) Exhibits:

19.1   Administrator Instruction Certificate for the April 26, 2004 Distribution
       Date is 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/ Terry J. Heimes
                                         -----------------------------------
                                          Terry J. Heimes
                                          Vice President and Treasurer

Dated:  April 26, 2004
EXHIBIT INDEX

               Exhibit
               -------

(19.1)  Administrator Instruction Certificate