Tag: Navient

Navient Foundation supports the American Heart Association’s upcoming 2016 Wilmington Heart Walk

WILMINGTON, Del., Sept. 09, 2016 (GLOBE NEWSWIRE) — Navient employees will join 2,000 participants and volunteers this weekend for the American Heart Association’s 2016 Wilmington Heart Walk. The annual event raises money to save lives from the nation’s top killers, including heart disease and stroke. The 5K walk kicks off from Dravo Plaza, just down the Riverwalk from Navient’s headquarters on the Wilmington Riverfront. Navient Foundation, the company-sponsored philanthropic fund, contributed to support the event. “Thanks to the support of local businesses and individual donors, the Heart Walk raises thousands of dollars to support the mission work of the American

Mason employee Holly Harris receives Navient’s Solutions Navigator Award

MASON, Ohio, Aug. 19, 2016 (GLOBE NEWSWIRE) — Holly Harris, a client services representative for Navient, received the company’s Solutions Navigator Award for consistently demonstrating customer-centricity and going above and beyond her normal call of duty when interacting with customers. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2af22cf0-1227-49fe-bac5-0ff71deab83f John Kane, group president of asset recovery and business services for Navient, presented Harris with the quarterly award, which recognizes one employee who demonstrates one or more of Navient’s core values: Customer-centricity, proactivity, leadership, stability and integrity. “The most rewarding part of my job is serving my clients and receiving their

Navient supports Louisiana flood relief efforts with $20,000 contribution

WILMINGTON, Del., Aug. 18, 2016 (GLOBE NEWSWIRE) — Navient is giving $20,000 to support flood relief efforts across southern Louisiana. The contribution to the American Red Cross will help get critical supplies and services to the victims, families and communities affected by the devastating flooding. In addition, Navient will provide temporary payment relief to its nearly 18,000 federal and private student loan customers in the affected emergency areas. Navient, the nation’s largest servicer of student loans, will provide a 30-day disaster relief forbearance to any customer who is unable to make the normal payment.  An extended time period is available

Navient to participate in upcoming veterans job fairs in Dover and Middletown

WILMINGTON, Del., Aug. 17, 2016 (GLOBE NEWSWIRE) — Two upcoming job fairs will offer military veterans and transitioning service members an opportunity to find employment in Delaware. Navient will be among the dozens of employers that will participate in the events on Aug. 22 in Dover and Sept. 1 in Middletown. Navient, the nation’s leading loan management, servicing and asset recovery company, is hiring to fill positions in customer service, collections, and reporting and analytics. The jobs are located in Newark and the city of Wilmington. “Veterans have a unique set of skills, including discipline and leadership, that make them

Indiana employee takes home Navient Navigator Leadership Award

FISHERS, Ind., Aug. 04, 2016 (GLOBE NEWSWIRE) — Indianapolis resident Nancy Haas, vice president of vendor relations and longtime employee of Navient, the nation’s leading loan management, servicing and asset recovery company, received the company’s quarterly Navigator Leadership Award. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/196cfae5-920a-46fc-820e-4cb031a42fc0 The award is presented to one company leader each quarter who demonstrates excellence in business, people, results and personal leadership. “I am humbled to receive this recognition,” said Haas. “This award is possible thanks to the incredibly hard working colleagues I work with every day.” Haas, who leads a team that ensures

Navient posts second quarter 2016 results

WILMINGTON, Del., July 19, 2016 (GLOBE NEWSWIRE) — Navient (Nasdaq:NAVI), the nation’s leading loan management, servicing and asset recovery company, today has posted its second quarter 2016 financial results. The complete financial results release is available on the company’s website at navient.com/investors. The results will also be available on the SEC’s website with the Form 8-K filing of the release at http://www.sec.gov. Navient will hold a conference call tomorrow, July 20, 2016 at 8 a.m. EDT, hosted by Jack Remondi, president and CEO, and Somsak Chivavibul, chief financial officer. To access the conference call, dial 855-838-4156 (USA and Canada) or

Navient announces extension of legal final maturity dates of FFELP ABS, bringing total bonds extended to $6.8 billion

WILMINGTON, Del., June 13, 2016 (GLOBE NEWSWIRE) — Navient (Nasdaq:NAVI), the nation’s leading loan management, servicing and asset recovery company, today announced the amendment of transaction agreements for Navient-sponsored securitizations totaling $800 million of bonds backed by federally guaranteed student loans. The amendment was effective as of June 13, 2016 and extended the legal final maturity date to 2043 on the senior tranche of SLM Trust 2013-2. Since December 2015, Navient has extended the legal final maturity dates on $6.8 billion of bonds from Navient-sponsored FFELP securitizations. Holders of other bonds may visit Navient’s online investor communication forum at www.dealvector.com/navient to discuss

Navient announces extension of legal final maturity dates of FFELP ABS, bringing total bonds extended to $6 billion

WILMINGTON, Del., June 06, 2016 (GLOBE NEWSWIRE) — Navient (Nasdaq:NAVI), the nation’s leading loan management, servicing and asset recovery company, today announced the amendment of transaction agreements for Navient-sponsored securitizations totaling $1.1 billion of bonds backed by federally guaranteed student loans. The amendments were effective as of June 6, 2016, and extend the legal final maturity date on SLM Trust 2003-14 A7 and B tranches to 2065, SLM Trust 2004-3 A6 and B tranches to 2064, and the subordinate tranche of SLM Trust 2014-1 to 2068. Since Dec. 2015, Navient has extended the legal final maturity dates on $6 billion

Navient CEO shares student loan borrower stories, advocates for policy ideas to address student debt

WILMINGTON, Del., May 26, 2016 (GLOBE NEWSWIRE) — Jack Remondi, president and CEO of Navient, the nation’s leading loan management, servicing and asset recovery company, delivered remarks at the company’s 2016 Annual Meeting of Shareholders. Excerpts of his remarks on the cost of college and student debt are as follows: On the cost of higher education Student debt is a hot-button issue this election season. Unfortunately, today’s political environment means much of the discussion has focused on polarizing sound bites, creating an incomplete and inaccurate description of the issues. College cost is an issue that needs to be discussed and

Corporate Directors From Campbell Soup, Cubic, Emergent BioSolutions, MassMutual, and Navient Become NACD Fellows in Q1 2016

WASHINGTON, May 24, 2016 (GLOBE NEWSWIRE) — The National Association of Corporate Directors (NACD) today announced  65 corporate directors who earned NACD Fellowship—The Gold Standard Director Credential™—during the first quarter of 2016. These corporate directors serve on the boards of companies such as Campbell Soup Co., Cubic Corp., Delta Dental, Emergent BioSolutions Inc., KeyCorp, MassMutual Financial Group, Navient Corp., Otter Tail Corp., Patterson Cos. Inc., PRA Group Inc., Triple-S Management Corp., and on the corporate boards of other Fortune 100, nonprofit, and private companies. NACD Fellowship™ is a comprehensive and continuous program of study that empowers directors with the latest

Navient employee recognized for job excellence

NEWARK, Del., May 09, 2016 (GLOBE NEWSWIRE) — Jan Wu, strategy analyst for Navient, the nation’s leading loan management, servicing and asset recovery company, received the company’s Solutions Navigator Award for job excellence. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0edc2933-5ca9-4e75-9fbc-85f226d5b0a6 The award, which was presented by John Kane, group president of asset recovery and business services, is given to one Navient employee each quarter who demonstrates one or more of Navient’s core values: customer-centricity, proactivity, leadership, stability and integrity. Wu was recognized for her leadership not only through her role in helping the company increase the likelihood of connecting

Indiana employee receives Patriotic Employer Award for commitment to service members in the workplace

FISHERS, Ind., May 03, 2016 (GLOBE NEWSWIRE) — Lori Sachs, operations supervisor for Navient, was awarded the Patriotic Employer Award from the Department of Defense’s Indiana Employer Support of the Guard and Reserve. The award recognizes employees who enable members of the National Guard and Reserve to serve their country by providing flexible work schedules, time off prior to and after deployment, support for families and leaves of absence when needed. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8cb63674-67e1-4985-84e6-ecf432bb9448 Established in 1972, Employer Support of the Guard and Reserve promotes cooperation between National Guard and Reserve members and their employers.

Businesswoman recognized by local employer

FISHERS, Ind., April 25, 2016 (GLOBE NEWSWIRE) — Navient, the nation’s leading loan management, servicing and asset recovery company, announced Julie Lee is the recipient of the company’s Navigator Leadership Award. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a495b829-be60-4a00-9232-c3739084bd5a The award is presented quarterly to one Navient leader who demonstrates excellence in business, people, results and personal leadership. “Tough times never last but tough people do,” said Lee, who joined the company nearly 30 years ago. She started as a summer clerk in 1982, held several positions and today is a director of compliance. “My advice to others is

Navient announces extension of legal final maturity date on $61 million in FFELP ABS

WILMINGTON, Del., April 22, 2016 (GLOBE NEWSWIRE) — Navient (Nasdaq:NAVI), the nation’s leading loan management, servicing and asset recovery company, today announced the amendment of the transaction agreement for SLC Student Loan Trust 2008-2, totaling $61 million of bonds backed by federally guaranteed student loans. The amendment was effective as of April 20, 2016, and extends the legal final maturity date on the subordinate tranche to 2066. Holders of other bonds may visit Navient’s online investor communication forum at www.dealvector.com/navient to discuss requested legal final maturity date amendments with fellow investors or with Navient directly. About Navient As the nation’s leading loan

Navient announces extension of legal final maturity date of FFELP ABS, bringing total bonds extended to $4.8 billion

WILMINGTON, Del., April 18, 2016 (GLOBE NEWSWIRE) — Navient (Nasdaq:NAVI), the nation’s leading loan management, servicing and asset recovery company, today announced the amendment of transaction agreements for Navient-sponsored securitizations totaling $1.2 billion of bonds backed by federally guaranteed student loans. The amendments were effective as of April 18, 2016, and extend the legal final maturity date on: SLM Student Loan Trust 2013-6 A3 tranche to 2055 and B tranche to 2083; SLM Student Loan Trust 2014-2 A3 tranche to 2055 and B tranche to 2072; and subordinate tranches of SLM Student Loan Trust 2008-7 and SLM Student Loan 2008-9

Report: Do college loans affect homeownership, marriage and having kids?

WILMINGTON, Del., April 11, 2016 (GLOBE NEWSWIRE) — Today, Navient released additional insights from its report on the financial health of young Americans, Money Under 35. The special report takes a deeper look at whether student debt is related to delays in buying a home, getting married, and having children. The special report shows the mortgage, marriage, and child rates for two groups of millennials—25-30 years old and 31-35 year olds—by educational attainment and for student loan borrowers and non-borrowers. Navient’s Money Under 35 study, conducted in coordination with global research company Ipsos, is based on a survey of more

Navient receives Financial Education Innovation Award

NEW YORK, April 07, 2016 (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 Navient’s significant efforts to improve the financial capability of Americans through unique digital learning initiatives. Thirty-five institutions were honored at a ceremony hosted on April 6 at Nasdaq Marketsite in New York City. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/45191328-1726-44df-8387-ac6da4bc8c6b Honorees were selected based on a set of criteria that included the scale and reach of their financial education initiatives, the

Navient announces extension of legal final maturity date of 6 FFELP bonds

WILMINGTON, Del., April 07, 2016 (GLOBE NEWSWIRE) — Navient (Nasdaq:NAVI), the nation’s leading loan management, servicing and asset recovery company, today announced the amendment of transaction agreements for six Navient-sponsored securitizations totaling $281 million of bonds backed by federally guaranteed student loans. The amendments were effective as of April 6, 2016, and extend the legal final maturity date on the subordinate tranches of SLM Student Loan Trust 2007-7 to 2070, SLM Student Loan Trust 2008-2 to 2083, SLM Student Loan Trust 2008-3 to 2083, SLM Student Loan Trust 2008-6 to 2083, SLM Student Loan Trust 2012-2 to 2072 and SLM

Navient recognized by 2020 Women on Boards, receives “W” Company award for second consecutive year

WILMINGTON, Del., April 06, 2016 (GLOBE NEWSWIRE) — Navient (Nasdaq:NAVI) has been recognized as a 2020 Women on Boards Winning “W” Company for the second consecutive year. The national award is presented to companies with at least 20 percent women on their board of directors. Navient surpasses gender parity with more than 50 percent women on its board. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/82e32187-077e-4e86-b8bb-48e3adc95e81 Seven of its 13 directors are women. According to the 2020 Women on Boards Gender Diversity Directory, the board has the highest percentage of women of any financial services company.  In addition, Navient

Navient participates in Financial Literacy Day on Capitol Hill

WILMINGTON, Del., April 05, 2016 (GLOBE NEWSWIRE) — As part of Financial Literacy Month, Navient today participated in Financial Literacy Day on Capitol Hill. Representatives exhibited at the event from noon to 3 p.m. and shared information about the company’s financial literacy resources with staffers, members of Congress and other attendees. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9fa50d26-c01e-4503-b29e-1955d3e57396 Navient, the nation’s leading loan management, servicing and asset recovery company, is committed to financial education. Path to Success is a series of free and award-winning interactive videos on a range of topics, such as: budgets, credit scores, military education