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Navient is just A u.s.-based company that acts as a number one servicer for federal and private student education loans.
Discover the roots and core company of Navient along with the various kinds of loans it solutions and exactly how to handle them.
What Exactly Is Navient?
Navient is a business situated in Delaware that delivers loan that is educational and business-processing solutions during the federal, state, and regional levels for consumers into the education, healthcare, and federal government sectors. But it is perhaps best known as you of 11 education loan servicers that the U.S. Department of Education works together with to control student that is federal.
Exactly How Navient Functions
To be able to improve educational access, Congress created the Student Loan Marketing Association (SLMA) in 1972 as a personal, for-profit business classified being a government-sponsored enterprise. п»ї п»ї A corporate spin-off in 2014 divided SLMA into Sallie Mae, providing private student education loans and customer banking products, and Navient, which manages federal and personal figuratively speaking. Continue reading