Document:

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                                                                  Exhibit 10.136

================================================================================

                   FIRST AMENDMENT TO BROKER-DEALER AGREEMENT

                                      among

                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                as Auction Agent,

                       NELNET STUDENT LOAN CORPORATION-1,
                                    as Issuer

                                       and

                         BANC OF AMERICA SECURITIES LLC,
                                as Broker-Dealer

                                   Relating to

                        NELNET Student Loan Corporation-1
                     Taxable Student Loan Asset-Backed Notes
  $70,000,000 Subordinate Class 1998B-5 Auction Rate Securities(SM) (ARS(SM))

                           Dated as of October 1, 2003

================================================================================

<PAGE>

         THIS FIRST AMENDMENT TO BROKER-DEALER AGREEMENT dated as of October 1,
2003 (this "Amendment") among NELNET STUDENT LOAN CORPORATION-1 (formerly known
as Union Financial Services-1, Inc.) ("Nelnet"), DEUTSCHE BANK TRUST COMPANY
AMERICAS (formerly known as Bankers Trust Company) (together with its successors
and assigns, the "Auction Agent"), not in its individual capacity but solely as
agent of Zions First National Bank, as successor trustee (the "Trustee") under
the Second Amended and Restated Indenture of Trust dated as of November 1, 1996
(the "Amended Indenture") and the Series 1998 Supplemental Indenture of Trust
dated as of December 15, 1998 (the "1998 Supplemental Indenture," and together
with the Amended indenture, the "Indenture"), each by and between Nelnet and the
Trustee pursuant to authority granted to it in the Auction Agency Agreement
dated as of December 15, 1998, among Nelnet, the Trustee and the Auction Agent
(the "Auction Agency Agreement"), and BANC OF AMERICA SECURITIES LLC (together
with its successors and assigns hereinafter referred to as "BD").

         Nelnet has previously issued $70,000,000 of its Taxable Student Loan
Asset-Backed Notes, Subordinate Class 1998B-5, as Auction Rate Securities(sm)
(the "ARS(sm)").

         The Auction Procedures set forth in the Auction Agency Agreement and
the Indenture to satisfy such requirement require the participation of one or
more Broker-Dealers and the parties hereto have previously entered into a
Broker-Dealer Agreement dated as of October 15, 2002 (the "Original BD
Agreement").

         Pursuant to Section 4.06 of the Original BD Agreement, the parties
hereto hereby desire to amend the Original BD Agreement by execution of this
Amendment as described below.

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, Nelnet, the Auction Agent, as agent of the
Trustee, and BD agree as follows:

                                   ARTICLE I

                           TERMS DEFINED BY REFERENCE

         Capitalized terms not defined herein shall have the respective meanings
specified in or pursuant to the Indenture, the Original BD Agreement and the
Auction Agency Agreement.

                                   ARTICLE II

             AMENDMENTS TO SECTION 2.05 OF THE ORIGINAL BD AGREEMENT

         Section 2.05 of the Original BD Agreement is herby amended and restated
in its entirety as follows:

                           SECTION 2.05. SERVICE CHARGE TO BE PAID TO BD. On
                  each Interest Payment Date, for the term of this Agreement,
                  the Auction Agent shall pay to BD, pursuant to Section 3.05(b)
                  of the Auction Agency Agreement, a service charge for the
                  succeeding Interest Period in an amount equal to the sum of
                  the product of
<PAGE>

                  (a) a fraction, the numerator of which is the number of days
                  in each Auction Period occurring during such Interest Period
                  (or, in the case of the initial Interest Period, the actual
                  number of days elapsed since the date of delivery of the ARS)
                  and the denominator of which is 360, times (b) the
                  Broker-Dealer Fee Rate times (c) the sum of (i) the sum of the
                  aggregate principal amount of the ARS that were (A) the
                  subject of Submitted Bids of Existing Holders submitted by BD
                  and continued to be held as a result of such submission and
                  (B) the subject of Submitted Bids of Potential Holders
                  submitted by BD and purchased as a result of such submission
                  and (ii) the aggregate principal amount of the ARS subject to
                  valid Hold Orders (determined in accordance with Appendix A to
                  the 1998 Supplemental Indenture) submitted to the Auction
                  Agent by BD and (iii) the principal amount of the ARS deemed
                  to be subject to Hold Orders by Existing Holders pursuant to
                  Appendix A to the 1998 Supplemental Indenture that were
                  acquired by such Existing Holders through BD in the Auction
                  for such Auction Period. For purposes of subclause (c)(iii) of
                  the foregoing sentence, if any Existing Holder who acquired
                  ARS through BD transfers those ARS to another Person other
                  than pursuant to an Auction, then the Broker-Dealer for the
                  ARS so transferred shall continue to be BD; provided, however,
                  that if the transfer was effected by, or if the transferee is,
                  a Broker-Dealer other than BD, then such Broker-Dealer shall
                  be the Broker-Dealer for such ARS. If for any reason an
                  Auction is not held on an Auction Date, there shall be no
                  Broker-Dealer Fee applicable with respect to such Auction
                  Date. The Broker-Dealer Fee Rate shall be .125 of 1% per
                  annum. The Broker-Dealer Fee shall be payable solely out of
                  amounts received by the Auction Agent pursuant to the
                  Indenture.

                           The Broker-Dealer Fee Rate shall be the prevailing
                  rate received by broker-dealers for rendering comparable
                  services to others. The Auction Agent shall advise Nelnet, at
                  Nelnet's request, at least annually of its view of such then
                  current prevailing rate. If the then current Broker-Dealer Fee
                  Rate is not, in the opinion of Nelnet and the Auction Agent,
                  the prevailing rate, Nelnet shall change the Broker-Dealer Fee
                  Rate pursuant to the terms hereof and shall notify the Auction
                  Agent and the Broker-Dealer in writing thereof. Any change in
                  the Broker-Dealer Fee Rate shall be effective on the Auction
                  Date next succeeding such change.

                                  ARTICLE III

                                 MISCELLANEOUS

         SECTION 3.01. ENTIRE AGREEMENT. This Amendment contains the entire
agreement between the parties relating to the subject matter hereof, and there
are no other representations, endorsements, promises, agreements or
understandings, oral, written or inferred, between the parties relating to the
subject matter hereof.

         SECTION 3.02. SEVERABILITY. If any clause, provision or section of this
Amendment shall be ruled invalid or unenforceable by any court of competent
jurisdiction, the invalidity or

                                       2

<PAGE>

unenforceability of such clause, provision or section shall not affect any
remaining clause, provision or section hereof.

         SECTION 3.03. EXECUTION IN COUNTERPARTS. This Amendment may be executed
in several counterparts, each of which shall be an original and all of which
shall constitute but one and the same instrument.

         SECTION 3.04. GOVERNING LAW. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.

         SECTION 3.05. TERMINATION OF THIS AMENDMENT. This Amendment shall
expire on October 1, 2004 and each October 1 thereafter unless the fee described
in Section 2.05 of this Amendment is extended or modified for a subsequent year
by written notification from the Broker-Dealer to the Issuer and the Auction
Agent prior to each October 1. Any modification of the fee described in Section
2.05 of this Amendment shall be effective only upon execution of a letter
agreement or amendment to the Original Broker-Dealer Agreement executed by each
of the parties hereto.

                                       3

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this First Amendment
to Broker-Dealer Agreement to be duly executed and delivered by their proper and
duly authorized officers as of the date first above written.

                                    DEUTSCHE BANK TRUST COMPANY
                                    AMERICAS, as Auction Agent

                                    By  /s/ Linda Reale
                                       -----------------------------------------
                                    Name Linda Reale
                                         ---------------------------------------
                                    Title VP
                                          --------------------------------------

                                    BANC OF AMERICA SECURITIES LLC
                                    Broker-Dealer

                                    By  /s/ Christopher G. Cronk
                                        ----------------------------------------
                                        Christopher G. Cronk, Managing Director

                                    NELNET STUDENT LOAN CORPORATION-1, as Issuer

                                    By  /s/ Terry J. Heimes
                                       -----------------------------------------
                                       Terry J. Heimes, Vice President

                                       4<PAGE>
                                                                  Exhibit 10.137

================================================================================

                   FIRST AMENDMENT TO BROKER-DEALER AGREEMENT

                                      among

                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                as Auction Agent,

                       NELNET STUDENT LOAN CORPORATION-2,
                                    as Issuer

                                       and

                         BANC OF AMERICA SECURITIES LLC,
                                as Broker-Dealer

                                   Relating to

                        NELNET Student Loan Corporation-2
                     Taxable Student Loan Asset-Backed Notes
              $100,000,000 Senior Class 2001A-5 Auction Rate Notes

                           Dated as of October 1, 2003

================================================================================

<PAGE>

         THIS FIRST AMENDMENT TO BROKER-DEALER AGREEMENT dated as of October 1,
2003 (this "Amendment") among NELNET STUDENT LOAN CORPORATION-2 ("NELNET-2"),
DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly known as Bankers Trust Company)
(together with its successors and assigns, the "Auction Agent"), not in its
individual capacity but solely as agent of Zions First National Bank, as
successor trustee (the "Trustee") under an Indenture of Trust dated as of June
1, 2000 (as previously amended, the "Original Indenture") and the Series 2001B
Supplemental Indenture of Trust dated as of September 1, 2001 (the "2001B
Supplemental Indenture," and together with the original Indenture, the
"Indenture"), each by and between NELNET-2 and the Trustee pursuant to authority
granted to it in the Auction Agency Agreement dated as of September 1, 2001,
among NELNET-2, the Trustee and the Auction Agent (the "Auction Agency
Agreement"), and BANC OF AMERICA SECURITIES LLC (together with its successors
and assigns hereinafter referred to as "BD").

         NELNET-2 has previously issued $100,000,000 of its Taxable Student Loan
Asset-Backed Notes, Senior Class 2001A-5, as Auction Rate Notes (collectively,
the "Auction Rate Notes").

         The Auction Procedures set forth in the Auction Agency Agreement and
the Indenture to satisfy such requirement require the participation of one or
more Broker-Dealers and the parties hereto have previously entered into a
Broker-Dealer Agreement dated as of September 1, 2001 (the "Original BD
Agreement").

         Pursuant to Section 4.06 of the Original BD Agreement, the parties
hereto hereby desire to amend the Original BD Agreement by execution of this
Amendment as described below.

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, NELNET-2, the Auction Agent, as agent of the
Trustee, and BD agree as follows:

                                   ARTICLE I

                           TERMS DEFINED BY REFERENCE

         Capitalized terms not defined herein shall have the respective meanings
specified in or pursuant to the Indenture, the Original BD Agreement and the
Auction Agency Agreement.

                                   ARTICLE II

             AMENDMENTS TO SECTION 2.05 OF THE ORIGINAL BD AGREEMENT

         Section 2.05 of the Original BD Agreement is herby amended and restated
in its entirety as follows:

                           SECTION 2.05. SERVICE CHARGE TO BE PAID TO BD. On
                  each Interest Payment Date, for the term of this Agreement,
                  the Auction Agent shall pay to BD, pursuant to Section 3.05(b)
                  of the Auction Agency Agreement, a service charge

<PAGE>

                  for the succeeding Interest Period in an amount equal to the
                  sum of the product of (a) a fraction, the numerator of which
                  is the number of days in each Auction Period occurring during
                  such Interest Period (or, in the case of the initial Interest
                  Period, the actual number of days elapsed since the date of
                  delivery of the Auction Rate Notes) and the denominator of
                  which is 360, times (b) the Broker-Dealer Fee Rate times (c)
                  the sum of (i) the sum of the aggregate principal amount of
                  the Auction Rate Notes that were (A) the subject of Submitted
                  Bids of Existing Holders submitted by BD and continued to be
                  held as a result of such submission and (B) the subject of
                  Submitted Bids of Potential Holders submitted by BD and
                  purchased as a result of such submission and (ii) the
                  aggregate principal amount of the Auction Rate Notes subject
                  to valid Hold Orders (determined in accordance with Appendix A
                  to the 2001B Supplemental Indenture) submitted to the Auction
                  Agent by BD and (iii) the principal amount of the Auction Rate
                  Notes deemed to be subject to Hold Orders by Existing Holders
                  pursuant to Appendix A to the 2001B Supplemental Indenture
                  that were acquired by such Existing Holders through BD in the
                  Auction for such Auction Period. For purposes of subclause
                  (c)(iii) of the foregoing sentence, if any Existing Holder who
                  acquired Auction Rate Notes through BD transfers those Auction
                  Rate Notes to another Person other than pursuant to an
                  Auction, then the Broker-Dealer for the Auction Rate Notes so
                  transferred shall continue to be BD; provided, however, that
                  if the transfer was effected by, or if the transferee is, a
                  Broker-Dealer other than BD, then such Broker-Dealer shall be
                  the Broker-Dealer for such Auction Rate Notes. If for any
                  reason an Auction is not held on an Auction Date, there shall
                  be no Broker-Dealer Fee applicable with respect to such
                  Auction Date. The Broker-Dealer Fee Rate shall be .125 of 1%
                  per annum. The Broker-Dealer Fee shall be payable solely out
                  of amounts received by the Auction Agent pursuant to the
                  Indenture.

                           The Broker-Dealer Fee Rate shall be the prevailing
                  rate received by broker-dealers for rendering comparable
                  services to others. The Auction Agent shall advise NELNET-2,
                  at NELNET-2's request, at least annually of its view of such
                  then current prevailing rate. If the then current
                  Broker-Dealer Fee Rate is not, in the opinion of NELNET-2 and
                  the Auction Agent, the prevailing rate, NELNET-2 shall change
                  the Broker-Dealer Fee Rate pursuant to the terms hereof and
                  shall notify the Auction Agent and the Broker-Dealer in
                  writing thereof. Any change in the Broker-Dealer Fee Rate
                  shall be effective on the Auction Date next succeeding such
                  change.

                                   ARTICLE III

                                  MISCELLANEOUS

         SECTION 3.01. ENTIRE AGREEMENT. This Amendment contains the entire
agreement between the parties relating to the subject matter hereof, and there
are no other representations, endorsements, promises, agreements or
understandings, oral, written or inferred, between the parties relating to the
subject matter hereof.

                                       2

<PAGE>

         SECTION 3.02. SEVERABILITY. If any clause, provision or section of this
Amendment shall be ruled invalid or unenforceable by any court of competent
jurisdiction, the invalidity or unenforceability of such clause, provision or
section shall not affect any remaining clause, provision or section hereof.

         SECTION 3.03. EXECUTION IN COUNTERPARTS. This Amendment may be executed
in several counterparts, each of which shall be an original and all of which
shall constitute but one and the same instrument.

         SECTION 3.04. GOVERNING LAW. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.

         SECTION 3.05. TERMINATION OF THIS AMENDMENT. This Amendment shall
expire on October 1, 2004 and each October 1 thereafter unless the fee described
in Section 2.05 of this Amendment is extended or modified for a subsequent year
by written notification from the Broker-Dealer to the Issuer and the Auction
Agent prior to each October 1. Any modification of the fee described in Section
2.05 of this Amendment shall be effective only upon execution of a letter
agreement or amendment to the Original Broker-Dealer Agreement executed by each
of the parties hereto.

                                       3

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this First Amendment
to Broker-Dealer Agreement to be duly executed and delivered by their proper and
duly authorized officers as of the date first above written.

                                    DEUTSCHE BANK TRUST COMPANY
                                    AMERICAS, as Auction Agent

                                       /s/ Linda Reale
                                    By _________________________________________

                                         Linda Reale
                                    Name _______________________________________

                                          VP
                                    Title ______________________________________

                                    BANC OF AMERICA SECURITIES LLC
                                    Broker-Dealer

                                       /s/ Christopher G. Cronk
                                    By _________________________________________
                                       Christopher G. Cronk, Managing Director

                                    NELNET STUDENT LOAN CORPORATION-1,
                                    as Issuer

                                       /s/ Terry J. Heimes
                                    By _________________________________________
                                       Terry J. Heimes, Vice President

                                       4

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