Nelnet Student Loan Data Security Class Action Settlement
Nelnet, OSLA, and Edfinancial · Student loan servicing and borrower account information · Settlement Reached
About this case
Plaintiffs alleged that Nelnet, OSLA, and Edfinancial failed to implement reasonable data-security measures after unauthorized access to certain student loan account registration information, affecting approximately 2.5 million people. The settling entities agreed to a proposed $10 million settlement, and a court hearing was scheduled to determine whether the agreement was fair and reasonable; the final outcome is not specified.
Case overview
- Defendant company
- Nelnet, OSLA, and Edfinancial
- Product or service
- Student loan servicing and borrower account information
- Court case number
- 4:22-cv-03191
- Case status
- Settlement Reached
- Lawsuit type
- Privacy
- Reported harm
- Data Breach
Important dates
- Nelnet Data Security Settlement Claim
Participation information
Availability is based on each listed participation option and its deadline.
Nelnet Data Security Settlement Claim
The proposed settlement class generally included people in the United States whose personal information was compromised in the data-security incident, subject to exceptions described in the long-form notice.
Claims had to be filed by March 5, 2026.
- Type
- Settlement Claim
- Status
- Deadline passed
- Total settlement amount
- $10,000,000
- Payout
- The amount paid to each approved claimant was not specified and was expected to depend on the types of relief selected and the number of approved claims. Settlement funds may also be used for taxes, attorneys' fees, litigation expenses, and court-approved service awards.
- Reported proof requirement
- Unclear
This information does not determine whether you qualify for a case.
Sources
Public reporting associated with this case.