Over 2,5 Million Individuals Impacted by System Breach at Federal Student Loan Services Provider.

August 30, 2022


Data for over 2.5 million individuals with student loans from Oklahoma Student Loan Authority (OSLA) and EdFinancial was exposed after hackers breached the systems of technology services provider Nelnet Servicing. Sometime in June, unidentified intruders compromised Nelnet Servicing and stayed on its systems until July 22. The hackers compromised the company's network likely after exploiting a vulnerability. EdFinancial underlines that not all its clients are hosted by Nelnet Servicing. Due to the seriousness of this incident, law firm "Markovits, Stock & DeMarco" launched an investigation on the potential of a class action lawsuit.

Incident Date

June 12, 2022

Estimated Cost


Type of Malware

No Malware identified

Threat Source

No threat source identified