Tag Archives: Navient

A deal was announced yesterday between student loan servicer Navient and 39 state attorneys general that will see the company pay $145 million in restitution and cancel $1.7 billion in delinquent private student loans to settle claims it took advantage of individuals when servicing and collecting on their student loans. …

The Department of Education has approved a request from Navient to transfer its portfolio of 5.6 million of student loans to Maximus, which will take over Navient’s contract with the Department going forward. Navient announced its decision to stop servicing loans under the Next Generation Financial Services Environment program, or …

The Department of Education on Friday announced that it has awarded contracts to six different companies that will be responsible for servicing and collecting federal student loans, while also announcing that it has amended the contract terms for those providers to strengthen “standards for performance, transparency, and accountability” that are …

Navient yesterday announced it was transferring 5.6 million student loan accounts that it was servicing on behalf of the Department of Education to Maximus, another loan servicing company. Navient, which had decided already that it no longer wanted to continue servicing loans under the Next Generation Financial Services Environment program, …

Sparks were flying at Navient’s annual meeting yesterday in Delaware. Investors, upset at the company’s falling stock price, were pressuring the company for more details about how it services the students loans in its portfolio, accusing Navient of being too aggressive in is approach. Navient should be doing more to …