Statement of Changes of Beneficial Ownership

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	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* EICHER TODD M	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) Executive Director
(Last) (First) (Middle) 121 SOUTH 13TH STREET, SUITE 201	3. Date of Earliest Transaction (MM/DD/YYYY) 7/23/2009
(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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	7/23/2009		S ⁽¹⁾		25.64	D	$15.1400	77660.36	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		51.28	D	$15.1350	77609.08	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		89.74	D	$15.1300	77519.34	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		12.82	D	$15.1250	77506.52	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		128.21	D	$15.1200	77378.31	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		26.03	D	$15.1150	77352.28	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		105.90	D	$15.1100	77246.38	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		64.10	D	$15.1050	77182.28	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		301.67	D	$15.1000	76880.61	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		25.64	D	$15.0975	76854.97	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		128.21	D	$15.0950	76726.76	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		243.59	D	$15.0900	76483.17	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		307.82	D	$15.0850	76175.35	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		322.44	D	$15.0800	75852.91	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		333.33	D	$15.0750	75519.58	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		666.67	D	$15.0700	74852.91	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		705.26	D	$15.0650	74147.65	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		498.97	D	$15.0600	73648.68	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		384.10	D	$15.0550	73264.58	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		872.18	D	$15.0500	72392.40	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		230.64	D	$15.0450	72161.76	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		464.49	D	$15.0400	71697.27	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		487.18	D	$15.0350	71210.09	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		782.44	D	$15.0300	70427.65	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		205.13	D	$15.0250	70222.52	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		664.74	D	$15.0200	69557.78	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		128.21	D	$15.0175	69429.57	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		501.41	D	$15.0150	68928.16	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		143.46	D	$15.0100	68784.70	I	By spouse
Class A Common Stock	7/23/2009		S ⁽¹⁾		25.64	D	$15.0050	68759.06	I	By spouse

*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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:
( 1)	The shares were sold by the reporting person's spouse pursuant to a Rule 10b5-1 Sales Plan entered into on December 9, 2008.

Remarks:
This is the first of two Forms 4 that are being filed for Todd M. Eicher for transactions made on July 23, 2009.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
EICHER TODD M 121 SOUTH 13TH STREET SUITE 201 LINCOLN, NE 68508			Executive Director

Signatures
/s/ Angie R. Miller, Attorney-in-Fact for Todd M. Eicher		7/27/2009
^** 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).
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