Educational Computer Systems Data Breach Settlement
Case Overview
Educational Computer Systems Inc. (ECSI), a financial services company that provides loan servicing, payment processing, and collections for higher educational institutions, agreed to a $6.5 million class action settlement. This action was brought because the company allegedly failed to safeguard consumer data during a breach that occurred between October 29, 2023, and February 12, 2024.
The lawsuit centers on the allegation that the breach compromised sensitive personal details, including Social Security numbers. ECSI has not admitted any wrongdoing regarding the data breach. The settlement allows class members to seek reimbursement for documented out-of-pocket expenses and losses resulting from the incident.
To receive benefits, class members must submit a valid claim form by December 21, 2026. Those with documented losses can claim up to $5,000, covering expenses like bank fees and travel costs, while those without documented losses can receive an alternative cash payment of approximately $100. The final approval hearing is set for January 11, 2027.
Who May Qualify
Residents of the United States whose personal information was potentially accessed in the Educational Computer Systems data breach between October 29, 2023, and February 12, 2024.
Frequently Asked Questions
Who is eligible for this settlement?
The settlement benefits individuals who are residents of the United States and whose personal information may have been accessed during the Educational Computer Systems data breach, which occurred between October 29, 2023, and February 12, 2024.
What can I receive if I file a claim?
Class members can potentially receive up to $5,000 to cover documented out-of-pocket losses, such as bank fees or travel expenses. Alternatively, those without documented losses can receive a cash payment of around $100.
What documents are accepted for reimbursement?
To claim reimbursement, you must provide proof of purchase, such as credit card or bank statements, emails, invoices, receipts, or telephone records. Handwritten receipts are not sufficient for reimbursement.
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