Navient
Oct 20, 2016
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Money Under 35: Second annual survey on millennial financial health underscores importance of college completion

0 WILMINGTON, Del., Oct. 20, 2016 (GLOBE NEWSWIRE) -- The second annual Money Under 35 survey shows an improved financial picture for young adults compared to 2015, and shines a spotlight on the benefits of college completion. Money Under 35 is a national study conducted by Navient and the research company Ipsos. Now in its second year, it is based on a nationally representative sample of 3,069 Americans aged 22 to 35 and provides a snapshot of how young adults are faring financially in the current economy.

"As a group, young adults are experiencing the benefits of the recovery in terms of employment and wages, but these benefits are skewed toward those with a college degree," said Jack Remondi, president and CEO, Navient. "Money Under 35 highlights the importance of college completion. Those who started but do not complete a degree are the group the most likely to have poor financial health, even when compared to their peers with high school education or less. This finding underscores the importance of providing would-be graduates more information up-front to ensure they understand the full cost, and value, of a degree — especially if they are taking out student loans."

"The second edition of this important annual survey on the financial health of young Americans shows improvements across the board," said Julia Clark, senior vice president, Ipsos. "Young adults this year rate their own financial health higher than last year, and they also report higher satisfaction with their prospects for advancement and earnings. As unemployment in the U.S. drops, it seems clear that young Americans — especially those with a college degree — are benefiting."

Key findings from Money Under 35 include:

Navient's Money Under 35 study is available at navient.com/moneyunder35. Connect with @Navient on Facebook, Twitter and LinkedIn.

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 more than $300 billion in student loans, the company supports the educational and economic achievements of more than 12 million Americans. A growing number of public and private sector clients rely on Navient for proven solutions to meet their financial goals. Learn more at navient.com.

About Ipsos
Ipsos is a global independent market research company ranking third worldwide among research firms. With offices in 87 countries, Ipsos employs over 16,000 staff globally and generated approximately €1.79 billion in revenue in 2015.

Contact:

Media: Nikki Lavoie, 302-283-4057, nikki.lavoie@navient.com
Patricia Nash Christel, 302-283-4076, patricia.christel@navient.com

Investors: Joe Fisher, 302-283-4075, joe.fisher@navient.com

Customers: 888-272-5543