Navient Corporation Stock Price, News & Analysis

Navient (Nasdaq:NAVI) and Maximus (NYSE:MMS) have signed a definitive agreement to transfer U.S. Department of Education-owned student loan servicing from Navient to Maximus, pending approval from the Department. This transition aims to maintain service quality for borrowers. Once finalized, Navient will exit the loan servicing program as planned, with many employees transferring to Maximus to ensure continuity. The contract novation aims for completion starting October 1, 2021, enhancing Maximus's capabilities in federal student loan servicing.

Navient (NAVI) and Maximus (MMS) have signed an agreement to transfer the servicing of U.S. Department of Education-owned student loans from Navient to Maximus, pending approval from the Department's Federal Student Aid (FSA) office. The transition aims to ensure operational continuity while allowing Navient to focus on non-government loan servicing. Many Navient employees will move to Maximus to maintain high service standards. The contract novation is expected to be finalized in Q4 2021, enhancing Maximus's student loan servicing capabilities.

Earnest has acquired Going Merry, a platform providing students access to scholarships and financial aid tools. This acquisition aims to enhance Earnest's offerings in education finance, enabling better access to financial aid opportunities for students. Going Merry, used by over 50% of US high schools, has helped students secure nearly $100 million in additional financial aid since its inception in 2017. The combined resources will provide tools for financial aid analysis, budgeting, and loan comparison, reinforcing Earnest's mission to make education affordable.

Navient (Nasdaq: NAVI) announced that its President and CEO, Jack Remondi, will participate in a virtual fireside chat at the Barclays 2021 Global Financial Services Conference on Sept. 13 at 8:10 a.m. ET. The session will be accessible via a live video webcast on Navient.com/investors, with a replay available about two hours post-presentation until Sept. 27.

Navient specializes in education loan management and business processing solutions for various sectors including education and healthcare.

Navient (Nasdaq: NAVI) has announced a Q3 2021 dividend of $0.16 per share, demonstrating the company’s commitment to returning value to shareholders. The dividend will be paid on September 17, 2021, to shareholders recorded by the close of business on September 3, 2021. This decision highlights Navient's financial stability and shareholder value focus amid its ongoing operations in education loan management.

Michael Lawson has been appointed to the Navient board of directors, effective August 2, 2021. His extensive background in law, civil rights, and leadership, particularly as president and CEO of the Los Angeles Urban League, is expected to enhance the board's expertise. Lawson's legal career includes significant positions at Skadden, Arps, and service as a U.S. ambassador nominee. His appointment is anticipated to contribute to Navient's mission of empowering education and economic opportunities.

Navient (Nasdaq: NAVI) announced second-quarter financial results for 2021, which are available on the company's website and the SEC. A conference call is scheduled for July 28, 2021, at 8 a.m. ET, hosted by CEO Jack Remondi and CFO Joe Fisher. Interested parties can join via phone or through a live audio webcast. Supplemental financial information will be provided during the call. Navient specializes in education loan management and business processing solutions, aiding clients across various sectors.

Navient (Nasdaq: NAVI) announced the release date for its 2021 second-quarter financial results on July 27, 2021, after market close. The company will hold a conference call on July 28, 2021, at 8 a.m. ET to discuss the results. Investors can access the earnings release via a news service and Twitter @Navient, with filings available on the SEC website. A live audio webcast of the call will be accessible on the company’s investor page. A replay will be available shortly after the call's conclusion.

Navient specializes in education loan management and business processing solutions.

Navient (Nasdaq: NAVI) announced a quarterly dividend of $0.16 per share on its common stock, approved by its board of directors. This dividend will be distributed on June 18, 2021, to shareholders on record as of June 4, 2021. Navient plays a significant role in education loan management and business processing solutions, assisting clients across various sectors.