$10M Nelnet Settlement Resolves Class Action Lawsuit Over June 2022 Data Breach
January 16, 2026 A $10M Nelnet Servicing settlement offers cash and credit monitoring to student borrowers who may have been impacted by the June 2022 data breach.
Lawsuit Filings
Nelnet Lawsuit Claims Student Loan Servicer Grossly Miscalculated Monthly Repayment Amounts
June 11, 2024 A class action lawsuit alleges Nelnet has repeatedly miscalculated student loan borrowers’ monthly repayment amounts.
Nelnet Data Breach Class Action Says Info of More Than 2.5 Million Student Loan Borrowers Was Stolen [UPDATE]
August 30, 2022 Nelnet Servicing faces a class action over a 2022 data breach affecting more than 2.5 million people who’ve taken out student loans with OSLA or EdFinancial.
Lawsuit Claims Nelnet Misled Borrowers into Believing Student Loans Were Federally Backed, Covered by CARES Act
September 15, 2020 A class action claims Nelnet has misled certain student loan borrowers into believing they had federally backed loans eligible for relief under the CARES Act.