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 17, 2005


                                  NELNET, INC.
             (Exact name of registrant as specified in its charter)


           NEBRASKA                    001-31924              84-0748903
 (State or other jurisdiction         (Commission          (I.R.S. 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) 458-2370
--------------------------------------------------------------------------------



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:

[ ] Written communications pursuant to Rule 425 under the Securities Act 
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))






      Item 8.01  Other Events.

               On June 17, 2005, Nelnet, Inc. issued a press release announcing
        it has been contacted by the Office of the Inspector General of the
        United States Department of Education to schedule an audit of the
        portion of the company's student loan portfolio receiving a 9.5% special
        allowance. A copy of the press release is attached as an exhibit to this
        Report.


      Item 9.01  Financial Statements and Exhibits.

               (c) Exhibits. The following exhibit is filed as part of this
                   Report:

                   99.1  - Press release dated June 17, 2005 - "Nelnet receives
                           request for audit"








                                   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: June 17, 2005

                                           NELNET, INC.



                                           By:  /s/ TERRY J. HEIMES
                                             ---------------------------------
                                                Terry J. Heimes
                                                Title: Chief Financial Officer





                                  EXHIBIT INDEX


Exhibit No.     Description
-----------     -----------

99.1            Press release dated June 17, 2005 - "Nelnet receives request
                for audit"