Maximus, Inc. (NYSE : MMS) acquired Student loan servicing business from Navient Corporation (NasdaqGS : NAVI) on October 6, 2021. Student loan servicing business rebranded as Aidvantage. The purchase price consideration is contingent upon future volumes, which is uncertain. At March 31, 2023 and September 30, 2022, contingent consideration was $11.2 million and $13.8 million, respectively.

Maximus, Inc. (NYSE : MMS) completed the acquisition of Student loan servicing business from Navient Corporation (NasdaqGS : NAVI) for $65 million on October 6, 2021.