Exhibit 99.2

Media Contact: Sheila Odom, 402.458.2329
Investor Contact: Cheryl Watson, 317.469.2064

For immediate release

Nelnet responds to press reference of requested SEC inquiry

(Lincoln, NE) - Nelnet, Inc. (NYSE: NNI) understands that Senator Edward Kennedy
has, by letter, requested that the Securities and Exchange Commission (SEC)
investigate certain activities of the company. Nelnet takes such matters very
seriously, is reviewing Senator Kennedy's letter, and will respond
appropriately.

"Nelnet is confident in its business and accounting practices and will continue
our focus on providing exceptional service to our customers," said Cheryl
Watson, Chief Communications Officer. "We will provide our full cooperation in
the event of any inquiry."

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Nelnet is one of the leading education finance companies in the United States
and is focused on providing quality student loan products and services to
students and schools nationwide. With over $13 billion in total assets, Nelnet
originates in excess of $3 billion for itself and its service partners annually,
and its servicing software is used by approximately 35 clients, including
Nelnet, to service nearly $50 billion in student loans. Nelnet ranks among the
nation's leaders in terms of total student loan assets.

Nelnet offers a broad range of student loan and financial services and
technology-based products, including student loan origination and lending,
guarantee servicing, and a suite of software solutions. Our products are
designed to simplify the student loan process by automating financial aid
delivery, loan processing, and funds disbursement. Our services help to
facilitate and streamline education finance for all involved in the industry,
including student and parent borrowers, lenders, financial aid officers,
guaranty agencies, governmental agencies, servicers, and the capital markets.