$10M Nelnet data breach class action settlement

Nelnet, Edfinancial Services and the Oklahoma Student Loan Authority agreed to a $10 million class action lawsuit settlement to resolve claims they failed to prevent a data breach that compromised sensitive consumer information.

The Nelnet settlement benefits individuals whose personal information was compromised in the Nelnet data breach publicly announced on Aug. 26, 2022.

The data breach reportedly compromised sensitive information, such as names, addresses, phone numbers, email addresses and Social Security numbers. Plaintiffs in the class action lawsuit say the companies failed to protect their information through reasonable cybersecurity measures.

Nelnet is a student loan servicer that manages payments and other aspects of student loans for borrowers. Edfinancial Services and the Oklahoma Student Loan Authority are similar companies.

Nelnet, Edfinancial Services and the Oklahoma Student Loan Authority have not admitted any wrongdoing but agreed to a $10 million class action settlement to resolve the allegations.

Under the terms of the Nelnet settlement, class members can receive a cash payment and credit monitoring services.

Class members can receive a cash payment for lost time and out-of-pocket losses, such as bank fees, fraudulent charges, identity theft expenses and more. No payment estimates are available at this time.

In addition to receiving a cash payment, class members can receive two years of free credit monitoring services. These services include identity restoration services and $1 million in identity theft insurance. These services have a retail value of $187 per year.

The deadline for exclusion and objection is March 5, 2026.

The final approval hearing for the Nelnet data breach settlement is scheduled for May 5, 2026.

To receive settlement benefits, class members must submit a valid claim form by March 5, 2026.

Who’s Eligible

All persons in the United States whose personal information was compromised in the data security incident publicly announced on Aug. 26, 2022.

Potential Award

Varies

Proof of Purchase

Documentation of out-of-pocket expenses and/or lost time.

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

03/05/2026

Case Name

In re: Data Security Cases Against Nelnet Servicing LLC, Case No. 4:22-cv-03191, in the U.S. District Court for the District of Nebraska

Final Hearing

05/05/2026

Settlement Website

NelnetSettlement.com

Claims Administrator

Nelnet Data Security Settlement
c/o A.B. Data Ltd.
P.O. Box 173032
Milwaukee, WI 53217
[email protected]
877-388-1763

Class Counsel

Christian Levis
Amanda Fiorilla
Anthony M. Christina
LOWEY DANNENBERG P.C.

Ian W Sloss
Johnathan Seredynski
Steven L Bloch
SILVER GOLUB & TEITELL LLP

Defense Counsel

Claudia D McCarron
MULLEN COUGHLIN LLC

Charles F Kaplan
PERRY, GUTHERY LAW FIRM

Casie D Collignon
Sarah A Ballard
BAKER & HOSTETLER LLP

Jill H Fertel
Conor Hafertepe
CIPRIANI & WERNER