Tough year ahead for Navient
Navient Corporation 2022 Q3 - Results - Earnings Call Presentation
Not good... https://seekingalpha.com/article/4549350-navient-corporation-2022-q3-results-earnings-call-presentation
White supremacist against student loan forgiveness...
Isn't this special? https://www.msn.com/en-us/news/us/biden-s-student-loan-debt-forgiveness-plan-hit-with-lawsuit-over-racial-motive/ar-AA12BpDx?ocid=msedgntp&cvid=c0cedf0a7232428f93475e8dcfafeb01
Letter from EW to JR
"On Monday, Massachusetts Sen. Elizabeth Warren and Massachusetts Rep. Ayanna Pressley sent a letter — exclusively provided to Insider — to Navient CEO JR requesting information on guidance the company is giving student-loan borrowers right... — read more
JR claims that student loan forgiveness causes confusion, and call volume is up...
And it hurts Navient's bottom line as a student loan predator. https://www.businessinsider.com/biden-student-loan-forgiveness-created-confusion-borrowers-extra-steps-navient-2022-9
Student Loan Forgiveness
"Credit Suisse analyst Moshe Orenbuch said Navient and Nelnet (NYSE:NNI) would be impacted by the federal student loan forgiveness plan if privately held Federal Family Education Loan Program (FFELP) loans become... — read more
Higher Education Inquirer Poll
Navient and College Meltdown 2.0
"Student loan servicers and private student loan companies (Navient, Sallie Mae, Nelnet), publishers and other edtech enterprises (Chegg, Barnes & Noble Education, Coursera, and Guild Education) are implicated or at least entangled in the mess. ... — read more
What Navient can learn from the collapse of University of Phoenix
Hit the road Jack...
Oh, this is good...well, not good... There are job openings at Maximus for $10 an hour... https://seekingalpha.com/article/4481789-navient-corporation-navi-ceo-jack-remondi-on-q4-2021-results-earnings-call-transcript
Navient stock sinks 9% after Q4 earnings miss; private education loans fall Q/Q
Private student loans down... https://seekingalpha.com/news/3791550-navient-stock-sinks-9-after-q4-earnings-miss-private-education-loans-fall-qq
Your trip to the planet Maximus
For the 900 or so NAVI workers moving onto planet Maximus, let it be known that it will be a long and wild ride to a relatively hostile environment. https://www.highereducationinquirer.org/2022/01/maximus-student-loan-debt-and-poverty.html
Maximus? Or Minimus?
$13.15 an hour. https://maximus.com/news/maximus-federal-student-loan-servicing-contract-novation-completed https://www.thelayoff.com/t/1eTnWMGT
"Navient agrees to $1.85B student loan settlement with states"
"Navient, one of the largest student loan servicers in the country, announced Thursday it has reached a $1.85 billion settlement with more than three dozen states in an effort to resolve allegations of predatory lending and deceptive practices over... — read more
Dare to know the truth... https://twitter.com/StrikeDebt
Student Loan Payment Pause Ends In 60 Days
"Surveys suggest that many borrowers are not ready for payments to resume again. In a nationwide survey of thousands of student loan borrowers, Savi and the Student Debt Crisis Center found that 89% of borrowers are not financially ready to restart... — read more
NaviRefi gets D-
"Student Debt From Private Lenders Hits All-Time High"
#collegemania #collegemeltdown #studentloandea_th https://www.insidehighered.com/news/2021/11/17/report-outlines-class-2020s-student-debt-burden
"Major Shakeup: Navient Becomes Latest Student Loan Servicer To Exit Federal Student Loan Servicing System"
This has to lead to layoffs.... “Navient is pleased to work with the Department of Education and Maximus to provide a smooth transition to borrowers and Navient employees as we continue our focus on areas outside of government student loan... — read more
Why Are Student Loan Servicers Dropping Out?
What SLABS really are... https://www.youtube.com/watch?v=N_jGOKYHxaQ
Read it and weep
Private loans dischargeable in bankruptcy. ... — read more
Shame, Guilt, Pain
Student loan default is a traumatic, stigmatizing experience. Because of that, many working people keep the pain of their student loan problems to themselves. Can you feel it? Do you feel any guilt at all too? ... — read more
"Education Dept. orders Navient to refund $22.3 million in decade-old student loan scandal"
Navient Zombie SLABS
A Letter to the US Department of Education and Student Loan Servicers on Behalf of Student X
"The Looming Student Loan Servicing Crisis"
https://www.americanprogrhttps://www.americanprogress.org/issues/education-postsecondary/news/2020/10/13/491260/looming-student-loan-servicing-crisis/ess.org/issues/education-postsecondary/news/2020/10/13/491260/looming-student-loan-servicing-crisis/ — read more
Listen to the Earnings Call
"Edugrift": Observations of Subprime College Lead Generator
Some of the garbage that Navient is trying to collect on. http://collegemeltdown.blogspot.com/2020/10/observations-of-subprime-lead-generator.html
Was VP of investor relations... https://seekingalpha.com/news/3620299-navient-appoints-new-finance-head
Student loan revenues down
How bad is it at Navient? https://tcf.org/content/commentary/student-loans-plummeted-summer-term/?agreed=1&session=1
Navient CFO resigns
Putting the big squeeze onto consumers for 16 cents a share. https://seekingalpha.com/news/3576947-navient-declares-0_16-dividend
Navient workers are paying the price for the company's greedy nature. While the organization professes to help students and their families, it is little more than a group of federal debt collectors and private debt sellers (think SLABS). Some of... — read more
Disaster Management Earnings Call
Everyone was listening. No one was laughing. Read between the lines and cut the BS. You know it's not good when they are discussing liquidity. "We were able to quickly and successfully move 90% of our team to a work-from-home status." (Does... — read more
‘I Was Horrified’: For Millions of Borrowers, the Coronavirus Stimulus Law Offers No Relief
"But when he called his student-loan servicer, Navient, Smith was told that he is among the millions of borrowers making payments on commercially held loans who are excluded from the stimulus law. It suspends payments only on federally held loans... — read more
FED SLAB Bailout (TALF 2)
Navient Senior Notes on Sale
Buy Navient Senior Notes and get a 9% annual return. What could possibly go wrong? https://collegemeltdown.blogspot.com/2020/03/coronavirus-and-college-meltdown.html
Navient shares dropping like a rock