A Moorestown firm has announced plans to lay off 180 workers at a call center. Pioneer Credit Recovery Inc. will terminate their employment March 31, according to a notice filed with the New Jersey Department of Labor & Workforce... — read more
Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say
... — read more
Making sense of the madness
https://www.highereducationinquirer.org/2024/08/higher-education-technology-and-growing.html
Layoffs in the fall
More layoffs are coming this fall.
The Student Loan Mess: Next Chapters?
https://www.highereducationinquirer.org/2024/02/the-student-loan-mess-next-chapters.html
Almost 1,000 people to be cut
This is absolutely brutal.
Making student loan debt an international situation
What could possibly go wrong? https://seekingalpha.com/pr/19399552-earnest-and-nova-credit-launch-international-private-student-loans?hasComeFromMpArticle=false
People's Rally for Student Debt Cancellation to be held outside Supreme Court, February 28, 2023
https://www.highereducationinquirer.org/2023/02/peoples-rally-for-student-debt.html
Tough year ahead for Navient
https://seekingalpha.com/article/4563337-navient-corp-looks-like-a-tough-year-ahead
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
https://www.linkedin.com/posts/dahn-shaulis_activity-6930484454599663616-nEFj?utm_source=linkedin_share&utm_medium=android_app
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
https://www.highereducationinquirer.org/2022/01/how-university-of-phoenix-failed-its.html
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
Debt Collective
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-
https://educationdata.org/student-loan-refinancing
"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?
https://thecollegeinvestor.com/37839/student-loan-servicers-dropping-out/
SLABS
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"
https://www-washingtonpost-com.cdn.ampproject.org/c/s/www.washingtonpost.com/education/2021/02/01/navient-student-loans-education-department/?outputType=amp
Navient Zombie SLABS
https://collegemeltdown.blogspot.com/2020/11/the-navient-meltdown-bill-harrington.html
A Letter to the US Department of Education and Student Loan Servicers on Behalf of Student X
http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
"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
https://seekingalpha.com/article/4380285-navient-corporation-navi-ceo-jack-remondi-on-q3-2020-results-earnings-call-transcript
"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
New CEO
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
https://seekingalpha.com/news/3579516-navient-cfo-resigns