NAVIENT CORPORATION

NAVI
Delayed Quote. Delayed  - 09/28 04:00:00 pm
13.92USD +5.45%
Business Summary
Financials
Banking & Investment Services
 Banking Services
  Consumer Lending
   Other Consumer Lending
Navient Corporation is a provider of education loan management and business processing solutions for education, healthcare, and Government clients at the federal, state, and local levels. The Company's segments include Federal Education Loans, Consumer Lending and Business Processing. In the Federal Education Loans segment, the Company owns Federal Family Education Loan Program (FFELP) loans and performs servicing and asset recovery services on this portfolio. In the Consumer Lending segment, the Company owns, originates, acquires and services private education loans. In the Business Processing segment, the Company provides state Governments, agencies, court systems, municipalities, and parking and tolling authorities with service that includes its integrated technology solutions and evidence-based approach. This segment also offers healthcare services, such as revenue cycle outsourcing, accounts receivable management, extended business office support, and public health programs.

Number of employees : 6 195 people.
Sales per Business
20202021
Federal Education Loans997.0027%813.0023.1%
Consumer Lending755.0020.4%739.0021%
Business Processing304.008.2%488.0013.9%
Reconciling Items-265.00-7.2%235.006.7%
USD in Million
Sales per region
20202021
United States1 682.0045.5%2 138.0060.8%
USD in Million
Managers
Name Title
John F. Remondi President, Chief Executive Officer & Director
Joe Fisher Chief Financial & Accounting Officer, Executive VP
Linda A. Mills Chairman
Steve Hauber Chief Risk & Compliance Officer, Senior VP
Jane J. Thompson Independent Director
Laura Simone Unger Independent Director
Anna Escobedo Cabral Independent Director
David L. Yowan Independent Director
Frederick Arnold Independent Director
Larry Allan Klane Independent Director
Shareholders
Name Equities %
Sherborne Investors Management LP 29,449,997 20.8%
The Vanguard Group, Inc. 14,392,720 10.1%
Cantor Fitzgerald Europe 12,613,424 8.89%
Dimensional Fund Advisors LP 11,595,704 8.17%
Canyon Capital Advisors LLC 8,000,000 5.64%
LSV Asset Management 6,954,266 4.90%
Jennison Associates LLC 5,266,538 3.71%
Abrams Capital Management LP 5,170,518 3.64%
SSgA Funds Management, Inc. 4,682,237 3.30%
BlackRock Fund Advisors 4,445,177 3.13%
Company contact information
Navient Corp.
123 Justison Street
Suite 300
Wilmington, DE 19801

Phone : +1.302.283.8000
Web : http://www.navient.com
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