Provider of education loan management and business processing solutions for education, healthcare, and government clients.
Navient Corporation is a prominent player in the field of education loan management and business processing solutions, catering primarily to clients in the education, healthcare, and government sectors across the United States. The company operates through three distinct segments: Federal Education Loans, Consumer Lending, and Business Processing. In its Federal Education Loans segment, Navient manages a substantial portfolio of loans under the Federal Family Education Loan Program (FFELP), which are either insured or guaranteed by state or not-for-profit agencies. Additionally, Navient provides servicing and asset recovery services for its own loan portfolio, as well as for FFELP loans owned by other institutions.
Beyond its involvement in education finance, Navient engages in Consumer Lending activities, which encompass the ownership, origination, acquisition, and servicing of private education loans, both for refinancing purposes and to support in-school education expenses. Moreover, the company offers comprehensive Business Processing services tailored to state governments, agencies, court systems, municipalities, and various authorities involved in parking and tolling. These services include revenue cycle outsourcing, accounts receivable management, extended business office support, consulting engagements, and public health programs.
Established in 1973 and headquartered in Wilmington, Delaware, Navient Corporation has evolved into a pivotal entity within its industry, recognized for its expertise in managing complex financial instruments and delivering tailored solutions to diverse institutional clients. With a focus on innovation and client-centric service delivery, Navient continues to expand its capabilities and enhance its offerings, ensuring it remains at the forefront of the sectors it serves while addressing the evolving needs of its clientele.