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Student Loans
Date Title and Summary View
May 22, 2014 NEWARK, Del., May 22, 2014 (GLOBE NEWSWIRE) -- Today, the U.S. Department of Education released its Direct Loan servicing results for the quarter ending March 31, 2014. Again this quarter, Navient, formerly Sallie Mae, helped more Americans stay on track with their student loan payments than other federal Direct Loan servicers. For the two key metr...
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Jun 18, 2014 NEWARK, Del., June 18, 2014 - Navient, the nation's leading loan management, servicing and asset recovery company, issued a statement following the extension of the U.S. Department of Education Direct Loan servicing contract: As the leader in default prevention and helping customers enroll in income-based repayment plans, we r...
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Sep 12, 2014 NEWARK, Del., Sept. 12, 2014 (GLOBE NEWSWIRE) -- The U.S. Department of Education released new federal loan servicer results that show that once again, Navient helped more customers successfully repay their student loans and avoid the long-term consequences of default than other servicers of Department of Education-owned loans. For both the quarter...
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Sep 24, 2014 NEWARK, Del., Sept. 24, 2014 (GLOBE NEWSWIRE) -- The 2011 cohort default rate (CDR) for federal student loan borrowers whose loans are serviced by Navient defaulted at a 40 percent lower rate than the national average. According to company data, Navient's 2011 CDR is 8.28 percent, compared to the national rate of 13.7 percent released earlier today...
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Oct 13, 2014 NEWARK, Del., Oct. 13, 2014 (GLOBE NEWSWIRE) -- More than 12 million student loan customers nationwide will soon see the new name in loan servicing on their accounts. Navient, the nation's leading loan management, servicing and asset recovery company, today completed the transition of its servicing operations. The transition follows the separati...
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Nov 13, 2014 NEWARK, Del., Nov. 13, 2014 (GLOBE NEWSWIRE) -- Navient (Nasdaq:NAVI), the nation's leading loan management, servicing and asset recovery company, and Wells Fargo & Company (NYSE:WFC) today announced that they have reached agreement for Navient to purchase a portfolio of federally guaranteed student loans from Wells Fargo totaling $8.5 billion in p...
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Mar 17, 2015 WILMINGTON, Del., March 17, 2015 (GLOBE NEWSWIRE) -- Filing taxes can be a chore, but with a fast-approaching April 15 deadline, there are lots resources available to help. Navient, the nation's leading loan management, servicing and asset recovery company, offers these tips:Visit the IRS website. The IRS has launched a new, online public directory...
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Apr 1, 2015 WILMINGTON, Del., April 1, 2015 (GLOBE NEWSWIRE) -- Student loan borrowers who don't postpone their payments and who track their progress, graduate, stick with repayment, and communicate with their servicer increase their chances of successful repayment, Navient found in a recent data analysis. Most importantly, these five characteristics translate...
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Apr 15, 2015 WILMINGTON, Del., April 15, 2015 (GLOBE NEWSWIRE) -- In recognition of Financial Literacy Month, Navient, the nation's leading loan management, servicing and asset recovery company, is warning Americans to beware of supposed "student debt relief" companies. These so-called debt relief companies typically try to take advantage of student loan bo...
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May 12, 2015 WILMINGTON, Del., May 12, 2015-Navient issued the following statement on the Federal Adjustment in Reporting (FAIR) Student Credit Act introduced today by U.S. Senators Gary Peters (MI) and Shelley Moore Capito (WV). "The FAIR Student Credit Act is an important reform that gives student loan borrowers a second chan...
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