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)   May 18, 2006
                                                   ------------

             Nelnet Student Loan Trust 2006-2, Issuing Entity (Exact
                 name of registrant as specified in its charter)
                   Nelnet Student Loan Funding, LLC, Depositor
                              Nelnet, Inc., Sponsor

            Delaware                333-128658-02              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)            (Zip Code)

Registrant's telephone number, including area code (402) 434-7140
                                                   ---------------


         (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

        Nelnet Student Loan Funding, LLC ("Nelnet Funding") entered into a Trust
Agreement with Wells Fargo Delaware Trust Company, as Delaware Trustee (the
"Trust Agreement"), as of May 1, 2006, creating Nelnet Student Loan Trust
2006-2. Effective May 18, 2006, Nelnet Student Loan Trust 2006-2 entered into an
Indenture of Trust dated as of May 1, 2006, with Zions First National Bank, as
indenture trustee and eligible lender trustee (the "Indenture"). On May 12,
2006, Nelnet Funding entered into an Underwriting Agreement among Nelnet
Funding, J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated as
representatives of the underwriters (the "Underwriting Agreement"). In addition,
Nelnet Student Loan Trust 2006-2 entered into an ISDA Master Agreement, together
with the related Schedule, Confirmation and Credit Support Annex, dated as of
May 18, 2006, with Deutsche Bank, AG, acting through its New York Branch (the
"Currency Swap Agreement"). The Trust Agreement, the Indenture, the Underwriting
Agreement and the Currency Swap Agreement were executed in connection with
Nelnet Student Loan Trust 2006-2's issuance of $2,050,000,000 of its student
loan asset-backed notes on May 18, 2006. The details of this issuance are
contained in the prospectus supplement filed with the Securities and Exchange
Commission pursuant to Rule 424(b) on May 16, 2006. Nelnet Student Loan Trust
2006-2 used $1,021,052,608 of the net proceeds from the sale of the notes to
purchase student loans originated under the Federal Family Education Loan
Program.

        The following agreements were also executed and delivered as of May 1,
2006 by the respective parties thereto: (a) the Loan Purchase Agreement by and
between Nelnet Student Loan Trust 2006-2 acting by and through Zions First
National Bank as eligible lender trustee, and Nelnet Funding, acting by and
through Zions First National Bank as eligible lender trustee; (b) the Master
Servicing Agreement by and among National Education Loan Network, Inc., Nelnet
Student Loan Trust 2006-2 and Nelnet Funding; (c) the Subservicing Agreement by
and between National Education Loan Network, Inc. and Nelnet, Inc.; and (d) the
Administration Agreement among Nelnet Student Loan Trust 2006-2, Wells Fargo
Delaware Trust Company, as Delaware trustee, Zions First National Bank, as
indenture trustee, and National Education Loan Network, Inc.

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, J.P.
        Morgan Securities Inc. and Morgan Stanley & Co. Incorporated as
        representatives of the underwriters, dated as of May 12, 2006 (filed
        herewith).

4.1     Indenture of Trust by and between Nelnet Student Loan Trust 2006-2 and
        Zions First National Bank, dated as of May 1, 2006 (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 May
        1, 2006 (filed herewith).

99.1    Loan Purchase Agreement by and between Nelnet Student Loan Trust 2006-2,
        acting by and through Zions First National Bank as eligible lender
        trustee, and Nelnet Student Loan Funding, LLC, acting by and through
        Zions First National Bank as eligible lender trustee, dated as of May 1,
        2006 (filed herewith).
<PAGE>

99.2    Master Servicing Agreement by and among National Education Loan Network,
        Inc., Nelnet Student Loan Trust 2006-2 and Nelnet Student Loan Funding,
        LLC, dated as of May 1, 2006 (filed herewith).

99.3    Subservicing Agreement dated as of May 1, 2006, between National
        Education Loan Nework, Inc. and Nelnet, Inc. (filed herewith).

99.4    Administration Agreement among Nelnet Student Loan Trust 2006-2, Wells
        Fargo Delaware Trust Company, as Delaware trustee, Zions First National
        Bank, as indenture trustee, and National Education Loan Network, Inc.,
        dated as of May 1, 2006 (filed herewith).

99.5    ISDA Master Agreement dated as of May 18, 2006, between Nelnet Student
        Loan Trust 2006-2 and Deutsche Bank AG, acting through its New York
        Branch, together with the related Schedule, Confirmation and Credit
        Support Annex (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 TRUST
                                          2006-2

                                          By: NELNET STUDENT LOAN FUNDING, LLC,
                                              Depositor


                                          By: NELNET STUDENT LOAN FUNDING
                                              MANAGEMENT CORPORATION, as Manager



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

 Dated:  May 22, 2006


<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)  Subservicing Agreement
(99.4)  Administration Agreement
(99.5)  ISDA Master Agreement together with Schedule, Confirmation and Credit
        Support Annex
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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)   May 18, 2006
                                                   ------------

             Nelnet Student Loan Trust 2006-2, Issuing Entity (Exact
                 name of registrant as specified in its charter)
                   Nelnet Student Loan Funding, LLC, Depositor
                              Nelnet, Inc., Sponsor

            Delaware                333-128658-02              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)            (Zip Code)

Registrant's telephone number, including area code (402) 434-7140
                                                   ---------------

         (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

        Nelnet Student Loan Funding, LLC ("Nelnet Funding") entered into a Trust
Agreement with Wells Fargo Delaware Trust Company, as Delaware Trustee (the
"Trust Agreement"), as of May 1, 2006, creating Nelnet Student Loan Trust
2006-2. Effective May 18, 2006, Nelnet Student Loan Trust 2006-2 entered into an
Indenture of Trust dated as of May 1, 2006, with Zions First National Bank, as
indenture trustee and eligible lender trustee (the "Indenture"). On May 12,
2006, Nelnet Funding entered into an Underwriting Agreement among Nelnet
Funding, J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated as
representatives of the underwriters (the "Underwriting Agreement"). In addition,
Nelnet Student Loan Trust 2006-2 entered into an ISDA Master Agreement, together
with the related Schedule, Confirmation and Credit Support Annex, dated as of
May 18, 2006, with Deutsche Bank, AG, acting through its New York Branch (the
"Currency Swap Agreement"). The Trust Agreement, the Indenture, the Underwriting
Agreement and the Currency Swap Agreement were executed in connection with
Nelnet Student Loan Trust 2006-2's issuance of $2,050,000,000 of its student
loan asset-backed notes on May 18, 2006. The details of this issuance are
contained in the prospectus supplement filed with the Securities and Exchange
Commission pursuant to Rule 424(b) on May 16, 2006. Nelnet Student Loan Trust
2006-2 used $1,021,052,608 of the net proceeds from the sale of the notes to
purchase student loans originated under the Federal Family Education Loan
Program.

        The following agreements were also executed and delivered as of May 1,
2006 by the respective parties thereto: (a) the Loan Purchase Agreement by and
between Nelnet Student Loan Trust 2006-2 acting by and through Zions First
National Bank as eligible lender trustee, and Nelnet Funding, acting by and
through Zions First National Bank as eligible lender trustee; (b) the Master
Servicing Agreement by and among National Education Loan Network, Inc., Nelnet
Student Loan Trust 2006-2 and Nelnet Funding; (c) the Subservicing Agreement by
and between National Education Loan Network, Inc. and Nelnet, Inc.; and (d) the
Administration Agreement among Nelnet Student Loan Trust 2006-2, Wells Fargo
Delaware Trust Company, as Delaware trustee, Zions First National Bank, as
indenture trustee, and National Education Loan Network, Inc.

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, J.P.
        Morgan Securities Inc. and Morgan Stanley & Co. Incorporated as
        representatives of the underwriters, dated as of May 12, 2006 (filed
        herewith).

4.1     Indenture of Trust by and between Nelnet Student Loan Trust 2006-2 and
        Zions First National Bank, dated as of May 1, 2006 (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 May
        1, 2006 (filed herewith).

99.1    Loan Purchase Agreement by and between Nelnet Student Loan Trust 2006-2,
        acting by and through Zions First National Bank as eligible lender
        trustee, and Nelnet Student Loan Funding, LLC, acting by and through
        Zions First National Bank as eligible lender trustee, dated as of May 1,
        2006 (filed herewith).
99.2    Master Servicing Agreement by and among National Education Loan Network,
        Inc., Nelnet Student Loan Trust 2006-2 and Nelnet Student Loan Funding,
        LLC, dated as of May 1, 2006 (filed herewith).

99.3    Subservicing Agreement dated as of May 1, 2006, between National
        Education Loan Nework, Inc. and Nelnet, Inc. (filed herewith).

99.4    Administration Agreement among Nelnet Student Loan Trust 2006-2, Wells
        Fargo Delaware Trust Company, as Delaware trustee, Zions First National
        Bank, as indenture trustee, and National Education Loan Network, Inc.,
        dated as of May 1, 2006 (filed herewith).

99.5    ISDA Master Agreement dated as of May 18, 2006, between Nelnet Student
        Loan Trust 2006-2 and Deutsche Bank AG, acting through its New York
        Branch, together with the related Schedule, Confirmation and Credit
        Support Annex (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 TRUST
                                          2006-2

                                          By: NELNET STUDENT LOAN FUNDING, LLC,
                                              Depositor

                                          By: NELNET STUDENT LOAN FUNDING
                                              MANAGEMENT CORPORATION, as Manager

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

 Dated:  May 22, 2006
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)  Subservicing Agreement
(99.4)  Administration Agreement
(99.5)  ISDA Master Agreement together with Schedule, Confirmation and Credit
        Support Annex