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) June 30, 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) 458-2370
                                                   -----------------------------


 -------------------------------------------------------------------------------
         (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 8.01.     OTHER EVENTS.

        This Current Report on Form 8-K is being filed to update the description
of the pool of student loans held in the trust estate securing the repayment of
Nelnet Student Loan Trust 2005-2's Class A-1 through Class A-5 and Class B
student loan asset-backed notes.

        Nelnet Student Loan Trust 2005-2 agreed to file a Current Report on Form
8-K at the end of the prefunding period described in the Prospectus Supplement,
dated April 19, 2005 and the Prospectus, dated April 6, 2005, (collectively, the
"Prospectus") to update the collateral information contained in the Prospectus.
The prefunding period ended on June 30, 2005. The percentages set forth in the
tables attached hereto may not always total 100% and the balances may not always
total to $1,937,015,878 due to rounding.

ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

(c) Exhibits:

        99.1   Composition of the Student Loan Portfolio as of May 31, 2005.



<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/ Jeffrey Noordhoek
                                              ----------------------------------
                                              Jeffrey Noordhoek
                                              Vice President


Dated:  June 30, 2005


<PAGE>


                                  EXHIBIT INDEX



               Exhibit
               -------


99.1    Composition of Loan Portfolio
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{"company-data": {"conformed-name": "Nelnet Student Loan Trust 2005-2", "cik": "0001323315", "assigned-sic": "6189"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-118566-02", "film-number": "05927671"}, "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"}}
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) June 30, 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) 458-2370
                                                   -----------------------------

 -------------------------------------------------------------------------------
         (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 8.01.     OTHER EVENTS.

        This Current Report on Form 8-K is being filed to update the description
of the pool of student loans held in the trust estate securing the repayment of
Nelnet Student Loan Trust 2005-2's Class A-1 through Class A-5 and Class B
student loan asset-backed notes.

        Nelnet Student Loan Trust 2005-2 agreed to file a Current Report on Form
8-K at the end of the prefunding period described in the Prospectus Supplement,
dated April 19, 2005 and the Prospectus, dated April 6, 2005, (collectively, the
"Prospectus") to update the collateral information contained in the Prospectus.
The prefunding period ended on June 30, 2005. The percentages set forth in the
tables attached hereto may not always total 100% and the balances may not always
total to $1,937,015,878 due to rounding.

ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

(c) Exhibits:

        99.1   Composition of the Student Loan Portfolio as of May 31, 2005.
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:  June 30, 2005
EXHIBIT INDEX

               Exhibit
               -------

99.1    Composition of Loan Portfolio