NAVI
- Navient Corporation
()
Overview
Company Summary
Navient Corporation is a publicly traded American corporation that specializes in providing financial services for clients in the education sector. The company's primary activity involves servicing and managing student loans on behalf of both federal and private lenders.
Navient operates as a loan servicer, meaning it handles various aspects related to student loans, including loan origination, billing, repayment, and customer support. The company works closely with borrowers to manage their loan payments, facilitate loan consolidation or refinancing, and provide guidance on various repayment options.
In addition to loan servicing, Navient offers various assistance programs and resources to help borrowers navigate the complexities of student loans. The company educates borrowers on financial literacy, assists with loan forgiveness applications, and provides tools to help individuals manage their student debt effectively.
Navient also operates a portfolio of loans, investing in and acquiring student loan assets, providing a source of revenue beyond servicing fees. This loan portfolio includes a mix of government-issued and privately funded student loans.
Overall, Navient's primary focus is to help individuals finance their higher education while providing essential loan servicing support, educational resources, and financial guidance to borrowers.