$10M Nelnet data breach class action settlement

This settlement is closed. The claim deadline has passed and new claims are no longer being accepted. This page is kept for reference — see settlements that are still open →

By the Class Action Buddy Editorial Team · Last reviewed April 22, 2026

Varies
Max Payout
Mar 05, 2026
Filing Deadline
Yes
Proof Required?
Nelnet Servicing LLC agreed to pay $10 million to settle a class action lawsuit over a data breach announced in August 2022 that exposed personal information including names, addresses, phone numbers, email addresses, and Social Security numbers. The lawsuit alleged the company and related entities failed to implement adequate cybersecurity protections. All U.S. residents whose personal information was compromised in the August 2022 data security incident affecting Nelnet Servicing LLC, Edfinancial Services, and the Oklahoma Student Loan Authority were eligible.
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Who Was Eligible?

Who the settlement covered:

    To qualify for this settlement, you must have: - Been a U.S. resident - Had your personal information compromised in the publicly announced August 2022 data security incident - Been affected through Nelnet Servicing LLC, Edfinancial Services, or the Oklahoma Student Loan Authority Documentation of out-of-pocket expenses and/or lost time was required for cash compensation claims.

How Much Did It Pay?

The total settlement fund was $10 million. Class members could receive cash compensation for lost time and out-of-pocket losses such as bank fees, fraudulent charges, and identity theft expenses. All eligible members also received two years of free credit monitoring services valued at $187 annually, including $1 million in identity theft insurance.

How this claim was filed

This settlement is closed, so the steps below are kept for reference only — they no longer lead anywhere you can file.

    This settlement's claim deadline of March 5, 2026 has passed. While you can no longer file a claim, you can download Class Action Buddy to get notified about similar future settlements.

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This one has closed, but the open settlements list is kept current, and Class Action Buddy will tell you when a new one matches your profile.

Frequently Asked Questions

What is the deadline to file a claim for the $10M Nelnet data breach class action settlement?

The deadline to file a claim was Mar 05, 2026, and it has passed. Claims are no longer accepted for this settlement.

Did I need documentation for the $10M Nelnet data breach class action settlement?

Yes — this settlement required supporting documentation, and the official claim form set out what counted.

How much money can I get from the Nelnet data breach settlement?

Specific payout amounts haven't been announced yet. The total settlement is $10 million, and your individual payment will depend on how many people file valid claims and other factors determined by the settlement terms.

What information was exposed in the Nelnet data breach?

Details about exactly what personal information was compromised are still pending. Data breaches typically involve information like names, addresses, Social Security numbers, or account details, but specific details for this Nelnet breach haven't been fully disclosed.

Do I need proof to file a Nelnet data breach claim?

Proof requirements haven't been finalized yet. You may need documentation showing you had a Nelnet account or received breach notification from the company. Keep any emails or letters from Nelnet about the data breach as potential proof.

Primary source: official settlement administrator — nelnetsettlement.com. The settlement details on this page were checked against the administrator’s official website.

Class Action Buddy is an independent directory and is not affiliated with, endorsed by, or sponsored by the settlement administrator or the court. This page is general information, not legal advice. See how we verify settlements.

This settlement has closed

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