Navient

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Navient is a loan servicing company that was established in 2014 through the split of Sallie Mae, a leading provider of student loans. It is a publicly-traded company listed on the NASDAQ stock exchange under the ticker symbol NAVI. Navient is headquartered in Wilmington, Delaware and has over 8,000 employees across the United States.
The company is one of the largest loan servicing companies in the country, with over $300 billion in assets under management. It services both federal and private student loans, as well as consumer loans for individuals and businesses. Navient also offers loan origination services and asset recovery services for distressed loans.
Navient has faced criticism and legal action in the past for its handling of student loans, including allegations of deceptive practices and illegal actions to collect on loans. The company has also faced criticism for its high interest rates and lack of flexibility in loan repayment options.
Despite these controversies, Navient continues to be a major player in the student loan industry and has partnerships with numerous colleges and universities for loan servicing and origination.

Navient is a major financial corporation that specializes in student loans, asset management and business processing solutions. The company is unique because it was created as a spin-off from SLM Corporation (commonly known as Sallie Mae), the first government-sponsored enterprise that focused exclusively on providing financing and services for higher education. Navient inherited Sallie Mae’s servicing and repayment business for federal and private student loans, making it one of the largest student loan servicers in the United States. Additionally, Navient has a strong commitment to corporate social responsibility, including initiatives to improve financial literacy and support student success.