Topics regarding layoffs at Navient

Topics regarding layoffs at Navient

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

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Post ID:  @OP+1eZh0bOX

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

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Post ID:  @OP+1eXabFZC

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 

New CEO

Was VP of investor relations... https://seekingalpha.com/news/3620299-navient-appoints-new-finance-head

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Post ID:  @OP+17kkJihm

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 

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Post ID:  @OP+14COx7Ph

Music to remember how evil life is..

Lots of pain (blues, metal, etc.) around https://www.youtube.com/watch?v=QQtb8EtD458 https://www.youtube.com/watch?v=hfNm_z48gig https://www.youtube.com/watch?v=w5JBNcTDtVo https://www.youtube.com/watch?v=96KiSEMHy7Y Here's a really good rap from a... —  read more 

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Post ID:  @OP+ZW98PTK

Bad news for Navient?

Navient losing bid for NEXTGEN Financial Services? https://www.fbo.gov/index?s=opportunity&mode=form&id=18d38106a0616cc4841d62f15c0917f9&tab=core&_cview=1

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Post ID:  @OP+VjKQbEV

Private College Revenues Moving Downward

According to National Center for Education Statistics charts, public higher education institutions overall saw increased revenues in recent years, but private colleges saw a $46 Billion loss in revenues from 2013 to 2015. In 2016, EY suggested that... —  read more 

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Post ID:  @OP+TRIXTUj

Navient exposed

"The company's subprime products included high interest rates and origination fees, according to the suit, in some cases as high as the equivalent of a 15.75 percent interest rate. One of the company's emails on a subprime lending workshop described... —  read more 

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Post ID:  @OP+PHtoO6G

Pennsylvania AG Sues Navient

"(Attorney General) Shapiro "sued Navient in federal court alleging a raft of illegal conduct, most notably that it “willfully” and “knowingly” cheated struggling debtors who face long-term hardship by steering them into payment plans that postponed... —  read more 

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Post ID:  @OP+PBUXbIz

Why is Navient borrowing money?

Why is Navient borrowing $52M when its profits are up? And what does this mean? "Our substantial indebtedness could adversely affect our financial condition. We will have a substantial amount of indebtedness, which could limit our ability to obtain... —  read more 

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Post ID:  @OP+Ovmqo6m

A Call with Navient Rep

I spoke with a representative from the DOE for a lengthy amount of time a couple days ago after I talked to Navient and they haven't heard anything from DOE about forbearance. DOE said I should of received a auto response email when I submitted... —  read more 

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Post ID:  @OP+KHgB1hc

The End?

Is this the begging of the end? The Consumer Financial Protection Bureau and several state attorneys general allege that the massive loan company systematically and illegally failed borrowers at every stage of repayment. Source, listed below:... —  read more 

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Post ID:  @OP+LxGBISR

Revenues down but profits up?

How are profits up when revenues are down so dramatically? "The consensus EPS Estimate is $0.57 (+7.5% Y/Y) and the consensus Revenue Estimate is $294.5M (-42.4% Y/Y)." https://seekingalpha.com/news/3507321-navient-q3-2019-earnings-preview —  read more 

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Post ID:  @OP+11EueN8n

SLAB Shell Game

"The issuers—student-loan packagers like Navient Corp. and Nelnet Inc.—do not want their bonds downgraded. The investors who own the bonds do not want them downgraded....You just extend the maturity date. If the bond matures in 2026, and you aren’t... —  read more 

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Post ID:  @OP+12TB0E7M

Video playlist for Navient employees

Have you seen my College Meltdown video playlist? I think you'll find it very educational. Please take a look and share it with your people. https://www.youtube.com/playlist?list=PLcq7zwhpdzfk4Id4RDVVgURl44elXTGLT Please let me know what you... —  read more 

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Post ID:  @OP+12W1z4aK

States picking up the slack

Legislative action in several states. "Virginia and New Jersey are not alone—Connecticut, New York, Colorado, and more states are positioned to provide students and higher education regulators with more information about arbitration proceedings... —  read more 

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Post ID:  @OP+13JNctxy

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