FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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                      	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

Kruger James D	2. Issuer Name and Ticker or Trading Symbol

NELNET INC [ NNI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Financial Officer	
(Last)          (First)          (Middle)

121 SOUTH 13TH STREET, SUITE 100	3. Date of Earliest Transaction (MM/DD/YYYY)

3/13/2015		
(Street)

LINCOLN, NE 68508
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person	

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1.Title of Security
(Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code
(Instr. 8)	4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)	
			Code	V	Amount	(A) or (D)	Price				
Class A Common Stock  	3/13/2015  	 	A	  	6119   (1)	A	$0  	137712   (2)	D  	 	
Class A Common Stock  	3/13/2015  	 	F	  	2001   (3)	D	$46.99   (4)	135711   (2)	D  	 	
Class A Common Stock  	3/13/2015  	 	A (5)	  	4257  	A	$0  	139968   (2)	D  	 	
Class A Common Stock  	3/16/2015  	 	F	  	122   (6)	D	$47.14   (7)	139886   (8)	D  	 	

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code
(Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	6. Date Exercisable and Expiration Date	7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)	8. Price of Derivative Security
(Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)	
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					

Explanation of Responses:	
(  1) 	Issued pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2014 paid in stock, which the reporting person became entitled to receive on March 13, 2015.	
(  2) 	Includes 2,024 shares issued pursuant to the issuer's Employee Share Purchase Plan.	
(  3) 	Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 13, 2015 award by the issuer of 6,119 shares of bonus compensation stock.	
(  4) 	Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for February 27, 2015 through March 5, 2015.	
(  5) 	The acquired shares of Class A Common Stock were granted pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year.	
(  6) 	These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligations resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).	
(  7) 	Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 16, 2015.	
(  8) 	Reflects an adjustment to the number of shares owned by a net total of 40 shares resulting from adjustments by the issuer to the number of shares withheld by the issuer to satisfy the reporting person's tax obligations resulting from the vesting of shares as originally reported in a Form 4 filed by the reporting person on March 12, 2014. Includes 1,074 shares issued pursuant to the issuer's Employee Share Purchase Plan, which reflects a transfer of 950 shares from the plan account to the reporting person.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
Kruger James D
121 SOUTH 13TH STREET
SUITE 100
LINCOLN, NE 68508			Chief Financial Officer		

Signatures		
/s/ Kirsten J. Foos, Attorney-in-Fact for James D. Kruger		3/17/2015	
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).	
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
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