Navient receives Financial Education Innovation Award
WILMINGTON, Del., April 15, 2015 (GLOBE NEWSWIRE) -- Navient, the nation's leading loan management, servicing and asset recovery company, was honored yesterday with the Innovation in Financial Education Award presented by Nasdaq and EverFi. The award recognizes significant efforts to improve the financial capability of young Americans. Twenty-five financial institutions were honored with this distinction at a ceremony hosted yesterday at Nasdaq's Marketsite headquarters in New York City.
Honorees were selected based on a set of criteria that included the scale and reach of their financial education initiatives, the duration of their commitment, and unique employee volunteering activities that supplement their programs.
"The institutions we're recognizing here have led exceptional efforts to rethink how financial education is taught in our nation's schools," said EverFi Founder and CEO Tom Davidson. "Our global competitiveness is dependent on the next generation understanding how the economy works and how to achieve financial security in their lives. We are grateful to the organizations that are helping pave a brighter future for students today."
As young adults are faced with increasingly complex financial decisions, Navient is committed to providing those whose loans the company manages with the skills and knowledge needed in order to succeed. Navient has partnered with education technology company EverFi to launch the Navient Path to Success program that offers online financial education to customers.
Free of charge and available to the public, this innovative online financial education tool helps individuals develop the skills needed to make sound financial decisions. Path to Success helps customers successfully manage their finances generally, as well as provides education specifically related to student loan repayment topics.
Path to Success is designed to accommodate today's consumer and be accessible easily online. The mobile-friendly platform features a series of 10-minute learning modules that cover such topics as saving, investing, credit scores and student loan payment options. The program is self-paced and contains knowledge checks that allow users to measure what they have learned.
The Navient Path to Success series continues to expand. Navient will launch additional modules on budgeting and income-driven repayment plans in the weeks ahead.
For a short preview of the new series, visit YouTube. Customers can visit www.Navient.com/path for the full series.
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 government and higher education clients rely on Navient for proven solutions to meet their financial goals. Learn more at navient.com. Navient began trading on Nasdaq as an independent company on May 1, 2014.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.business.nasdaq.com.
EverFi, Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America's leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric Schmidt. Learn more at everfi.com.
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Navient was honored with the Financial Education Award yesterday at Nasdaq's Marketsite headquarters in New York City. Pictured (left to right): Tom Davidson, EverFi Co-Founder and CEO; Scott Zolkowski, senior strategy analyst, Navient; Scott Buchanan, vice president, Navient; and Jon Chapman, EverFi Co-Founder and Chief Strategy Officer.