ITEM 1. BUSINESS.
Omitted
ITEM 1A.
ITEM 1A. RISK FACTORS.
Omitted
ITEM 1B.
ITEM 1B. UNRESOLVED STAFF COMMENTS.
The issuing entity has no unresolved comments from the SEC staff regarding its periodic or current reports under the Securities Exchange Act of 1934.
ITEM 2.
ITEM 2. PROPERTIES.
Omitted
ITEM 3.
ITEM 3. LEGAL PROCEEDINGS.
Omitted
ITEM 4.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
Omitted
PART II
ITEM 5.
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Omitted
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA.
Omitted
ITEM 7.
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Omitted
ITEM 7A.
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
Omitted
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
Omitted
ITEM 9.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
Omitted
ITEM 9A.
ITEM 9A. CONTROLS AND PROCEDURES.
Omitted
ITEM 9A(T). CONTROLS AND PROCEDURES.
ITEM 9B.
ITEM 9B. OTHER INFORMATION.
During the period from the last required distribution report on Form 10-D, no information was required to be disclosed in a report on Form 8-K, that was not reported.
PART III
ITEM 10.
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE.
ITEM 11.
ITEM 11. EXECUTIVE COMPENSATION.
ITEM 12.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.
Omitted
ITEM 13.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.
Omitted
ITEM 14.
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.
Omitted
PART IV
ITEM 15.
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.
Exhibits
The following documents are filed as part of this Annual Report on Form 10-K.
4.1
Indenture of Trust by and between Nelnet Student Loan Trust 2008-2 and Zions First National Bank, dated as of April 1, 2008, incorporated by reference to Exhibit 4.1 to the current report on Form 8-K of the registrant filed with the Commission on April 9, 2008.
4.2
Trust Agreement by and between Nelnet Student Loan Funding, LLC and M&T Trust Company of Delaware, as Delaware trustee, dated as of March 18, 2008, incorporated by reference to Exhibit 4.2 to the current report on Form 8-K of the registrant filed with the Commission on April 9, 2008.
31.1
Rule 15d - 14(d) Certification
33.1
Management’s Assessment of Compliance with Regulation AB Servicing Criteria (National Education Loan Network, Inc.)
33.2
Management’s Assessment of Compliance with Regulation AB Servicing Criteria (Nelnet, Inc.)
34.1
Report of Independent Registered Public Accounting Firm (National Education Loan Network, Inc.)
34.2
Report of Independent Registered Public Accounting Firm (Nelnet, Inc.)
35.1
Annual Statement of Compliance - Officer’s Certificate of the Servicer (National Education Loan Network, Inc.)
35.2
Annual Statement of Compliance - Officer’s Certificate of the Servicer (Nelnet, Inc.)
35.3
Annual Statement of Compliance - Officer’s Certificate of the Administrator (National Education Loan Network, Inc.)
99.1
Loan Purchase Agreement by and between Nelnet Student Loan Trust 2008-2, acting by and through Zions First National Bank as eligible lender trustee, and Nelnet Student Loan Funding, LLC, acting by and through Zions First National Bank as eligible lender trustee, dated as of April 1, 2008, incorporated by reference to Exhibit 99.1 to the current report on Form 8-K of the registrant filed with the Commission on April 9, 2008.
99.2
Master Servicing Agreement by and among National Education Loan Network, Inc., Nelnet Student Loan Trust 2008-2 and Nelnet Student Loan Funding, LLC, dated as of April 1, 2008, incorporated by reference to Exhibit 99.2 to the current report on Form 8-K of the registrant filed with the Commission on April 9, 2008.
99.3
Subservicing Agreement dated as of April 1, 2008, between National Education Loan Network, Inc. and Nelnet, Inc., incorporated by reference to Exhibit 99.3 to the current report on Form 8-K of the registrant filed with the Commission on April 9, 2008.
99.4
Administration Agreement among Nelnet Student Loan Trust 2008-2, M&T Trust Company of Delaware, as Delaware trustee, Zions First National Bank, as indenture trustee, and National Education Loan Network, Inc., dated as of April 1, 2008, incorporated by reference to Exhibit 99.4 to the current report on Form 8-K of the registrant filed with the Commission on April 9, 2008.
Additional Disclosure Required by Regulation AB.
The following are additional disclosure items required of asset-backed issuers by Regulation AB.
Item 1114(b)(2). Significant Enhancement Provider Information.
Item 1115(b). Derivative Product Counterparties.
Item 1117. Legal Proceedings.
The depositor is unaware of any legal proceedings involving the issuing entity.
Item 1119. Affiliates and Certain Relationships and Related Transactions.
Information related to affiliates of the issuing entity and certain relationships and related transactions is provided in the sections “Nelnet Student Loan Trust 2008-2” and “The Student Loan Operations of Nelnet Student Loan Trust 2008-2” in the prospectus supplement and in the section “The Sponsor, the Depositor, and the Master Servicer and Administrator” in the prospectus dated March 19, 2008, previously filed with the SEC on April 2, 2008 pursuant to Securities Act Rule 424, File Number 333-144431-02.
Item 1122. Compliance with Applicable Servicing Criteria.
There have been no material instances of noncompliance with the servicing criteria for the period of this Report.
Item 1123. Servicer Compliance Statement.
A Servicer Compliance Statement for each of National Education Loan Network, Inc. as master servicer and administrator and Nelnet, Inc. as subservicer is included as an exhibit to this Report.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the depositor has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: March 31, 2009
NELNET STUDENT LOAN FUNDING, LLC, as depositor
By: Nelnet Student Loan Funding Management
Corporation, as Manager and Special Member
Terry J. Heimes, Vice President