UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly distribution period from
July 1, 2008 to September 30, 2008

Commission file number of issuing entity: 333-144431-04

NELNET STUDENT LOAN TRUST 2008-4

(Exact name of issuing entity as specified in its charter)

Commission file number of depositor: 333-144431

NELNET STUDENT LOAN FUNDING, LLC

(Exact name of depositor as specified in its charter)

NELNET, INC.

(Exact name of sponsor as specified in its charter)

Delaware
(State or other jurisdiction of incorporation or organization of the issuing entity)

75-2997993
(I.R.S. Employer Identification No.)


c/o M&T Trust Company of Delaware
1220 N. Market St., Ste 202
Wilmington, DE		19801
(Address of principal executive		(Zip Code)
offices of the issuing entity)

(402) 458-2370
(Telephone number, including area code)

Not Applicable
(Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

Name of exchange

Title of Class

Section 12(b)

Section 12(g)

Section 15(d)

(If Section 12(b))

Class A-1 Notes

[__]

[_X_]

Class A-2 Notes

[__]

[_X_]

Class A-3 Notes

[__]

[_X_]

Class A-4 Notes

[__]

[_X_]

Class B Notes

[__]

[_X_]

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o

PART I — DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On October 27, 2008, the Nelnet Student Loan Trust 2008-4 (the “Trust”) made its regular quarterly distribution of funds to holders of its student loan-asset backed notes. National Education Loan Network, Inc., as Administrator, distributed the Quarterly Servicing Report for the Trust for the period of July 1, 2008 to September 30, 2008 to the Indenture Trustee, on behalf of the Trust’s noteholders of record. This Quarterly Servicing Report is attached as Exhibit 99.1. This report, as well as other information about the Trust, is also available on the Administrator’s website at http://www.nelnet.net/corporate/investors/DebtSecurities.asp.

PART II — OTHER INFORMATION

Item 9. Exhibits.

(a)

99.1 Quarterly Servicing Report for Nelnet Student Loan Trust 2008-4 in relation to the distribution on October 27, 2008.

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, thereunto duly authorized.

Dated: November 5, 2008

INDEX TO EXHIBITS


Exhibit Number		Exhibit
	99.1	Quarterly Servicing Report for Nelnet Student Loan Trust 2008-4 in relation to the distribution on October 27, 2008.

NELNET STUDENT LOAN FUNDING, LLC

Nelnet Student Loan Funding Management
Corporation, as Manager

/s/ CAROL AVERSMAN

Carol Aversman, Assistant Vice President

Nelnet Student Loan Trust 2008-4 10-D