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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): March 2, 2009</B>

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<P align="center" style="font-size: 24pt"><B>NELNET, INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
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    <TD width="32%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>Nebraska</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-31924</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>84-0748903</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>121 South 13th Street<BR>Suite 201<BR>Lincoln, Nebraska<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>68508</B></TD>
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<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(402) 458-2370</B>


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<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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    <TD width="3%" nowrap align="left"><B>Item&nbsp;2.02</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Results of Operations and Financial Condition.</B></TD>
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<P align="left" style="font-size: 10pt; text-indent: 4%">On March&nbsp;2, 2009, Nelnet, Inc. (the &#147;Company&#148;) issued a press release with respect to its financial results for
the quarter and year ended December&nbsp;31, 2008. A copy of the press release is furnished as Exhibit&nbsp;99.1 to this report.
In addition, a copy of the supplemental financial information for the quarter and year ended December&nbsp;31, 2008, which
was made available on the Company&#146;s website at www.nelnetinvestors.com on March&nbsp;2, 2009 in connection with the press
release, is furnished as Exhibit&nbsp;99.2 to this report.


<P align="left" style="font-size: 10pt; text-indent: 4%">The above information and Exhibits 99.1 and 99.2 shall not be deemed filed for purposes of Section&nbsp;18 of the
Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;), nor shall such information and Exhibits be deemed incorporated by
reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing. In addition, information on the Company&#146;s website is not incorporated by
reference into this report and should not be considered part of this report.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P align="left" style="font-size: 10pt">(d)&nbsp;Exhibits. The following exhibits are furnished as part of this report:

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    <TD nowrap align="left">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated March&nbsp;2, 2009 &#150; &#147;Nelnet Reports Year-End and
Fourth-Quarter 2008 Results; Strong Fee-based Revenue and Improved
Liquidity&#148;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Supplemental Financial Information for the Quarter and Year Ended
December&nbsp;31, 2008</TD>
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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
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<P align="center" style="font-size: 10pt">SIGNATURES



<P align="left" style="font-size: 10pt; text-indent: 4%">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.


<P align="left" style="font-size: 10pt">Dated: March&nbsp;2, 2009



<P align="left" style="margin-left:48%; font-size: 10pt">NELNET, INC.



<P align="left" style="margin-left:48%; font-size: 10pt">By: <U> /S/ TERRY J. HEIMES</U><BR>
Name: Terry J. Heimes<BR>
Title: Chief Financial Officer<BR>

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<P align="center" style="font-size: 10pt; display: none">3
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<P align="center" style="font-size: 10pt">EXHIBIT INDEX


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    <TD width="8%">&nbsp;</TD>
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    <TD nowrap align="left">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated March&nbsp;2, 2009 &#150; &#147;Nelnet Reports Year-End and
Fourth-Quarter 2008 Results; Strong Fee-based Revenue and Improved
Liquidity&#148;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Supplemental Financial Information for the Quarter and Year Ended
December&nbsp;31, 2008</TD>
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Filed by Bowne Pure Compliance
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): March 2, 2009
NELNET, INC.
(Exact name of registrant as specified in its charter)
Nebraska
001-31924
84-0748903
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer 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
(Former name or former address if changed 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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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 March 2, 2009, Nelnet, Inc. (the "Company") issued a press release with respect to its financial results for
the quarter and year ended December 31, 2008. A copy of the press release is furnished as Exhibit 99.1 to this report.
In addition, a copy of the supplemental financial information for the quarter and year ended December 31, 2008, which
was made available on the Company's website at www.nelnetinvestors.com on March 2, 2009 in connection with the press
release, is furnished as Exhibit 99.2 to this report.
The above information and Exhibits 99.1 and 99.2 shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934 (the "Exchange Act"), nor shall such information and Exhibits be deemed incorporated by
reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing. In addition, information on the Company's website is not incorporated by
reference into this report and should not be considered part of this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are furnished as part of this report:
Exhibit
No.
Description
99.1
Press Release dated March 2, 2009 – "Nelnet Reports Year-End and
Fourth-Quarter 2008 Results; Strong Fee-based Revenue and Improved
Liquidity"
99.2
Supplemental Financial Information for the Quarter and Year Ended
December 31, 2008
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: March 2, 2009
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 March 2, 2009 – "Nelnet Reports Year-End and
Fourth-Quarter 2008 Results; Strong Fee-based Revenue and Improved
Liquidity"
99.2
Supplemental Financial Information for the Quarter and Year Ended
December 31, 2008