Navient wins 2014 Governor's ImPAct Award

Jun 4, 2014

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WILKES-BARRE, Pa., June 4, 2014 (GLOBE NEWSWIRE) -- Navient is a winner of the 2014 Governor's ImPAct Awards, presented by Governor Tom Corbett to Pennsylvania businesses for creating jobs, developing ideas, reaching new markets and making positive contributions in local communities.

Lisa Stashik accepts the Jobs First Award on behalf of Navient. Pictured (from left to right): David J. Karafa, President, PA Operations, FirstEnergy; Governor Tom Corbett; Lisa Stashik, Vice President, Navient; John D. Moran, Jr., President & CEO, Moran Industries, Inc. and Co-Chair, Team Pennsylvania Foundation; and Jeffrey J. Vrabel, Partner and Manufacturing, Distribution and Technology Industry Practice Leader, ParenteBeard LLC.
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Navient, the nation's leading loan management, servicing and asset recovery company, was recognized with the Jobs First Award for the Northeast region.

Since 2012, Navient has added more than 250 jobs at its 133,000-square-foot facility in the Hanover Industrial Park in Wilkes-Barre. It plans to add about 200 more positions, which will result in nearly 1,300 people working at the site by the end of 2015.

Employees are key to the company's track record of success in assisting customers to successfully repay their student loans. Americans with federal student loans serviced by Navient are 30 percent less likely to default than those serviced by others.

At the awards ceremony, Governor Corbett thanked the audience of nearly 700 for helping to move Pennsylvania forward.

"Today, we honor the men and women who spend countless hours providing the leadership and care that it takes to run a successful and growing business," Corbett said in a statement. "This recognition goes beyond the contributions made to Pennsylvania's diverse and vibrant economy. Today, we celebrate Pennsylvanians who embody the American dream by taking risks, working hard and achieving success."

Governor Tom Corbett, the Pennsylvania Department of Community and Economic Development and Team Pennsylvania Foundation created the ImPAct Awards to honor businesses in Pennsylvania that are creating job opportunities and contributing to the state's economy.

For more information about the Governor's ImPAct Awards, visit www.newpa.com/business/impact-awards.

About Navient

As the nation's leading loan management, servicing and asset recovery company, Navient (Nasdaq:NAVI) helps customers navigate the path to financial success. Servicing nearly $300 billion in student loans, the company supports the educational and economic achievements of more than 12 million Americans. A growing number of government and higher education clients rely on Navient for proven solutions to meet their financial goals. Learn more at navient.com. Created from the strategic separation of Sallie Mae, Navient began trading on NASDAQ as an independent company on May 1, 2014.

CONTACT:
Media: Nikki Lavoie, 302-283-4057, 
Customers: 888-272-5543