"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 

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

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

$13.15 an hour. https://maximus.com/news/maximus-federal-student-loan-servicing-contract-novation-completed https://www.thelayoff.com/t/1eTnWMGT

"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 

What SLABS really are... https://www.youtube.com/watch?v=N_jGOKYHxaQ

Private loans dischargeable in bankruptcy. ... —  read more 

https://collegemeltdown.blogspot.com/2020/11/the-navient-meltdown-bill-harrington.html

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 

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

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 

Navient (NASDAQ:NAVI): Q2 Non-GAAP EPS of $0.74 beats by $0.21; GAAP EPS of $0.64 beats by $0.13. https://seekingalpha.com/news/3480470-navient-eps-beats-0_21-beats-net-interest-income

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 

With student loan repayment rates of 20 to 24 percent, Education Affiliates is in trouble. Fortis Colleges and Fortis Institutes are the largest brands. https://www.thelayoff.com/t/YYnTEUG

More dissatisfaction about college. This is resulting in more enrollment declines each year. https://www.aarp.org/money/credit-loans-debt/info-2018/student-loan-debt-across-generations.html... —  read more 

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

More bad news for student debtors. A website that provided information about student loan debt will now be a hook for Lending Tree. https://www.thelayoff.com/lendingtree

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 

The National Center for Education Statistics is moderating its perspective on higher education enrollment. Earlier NCES reports projected enrollment to grow to more than 22 million students by 2023. In the Department of Education's The Condition of... —  read more 

I am writing an article for College Meltdown to counter the "commonsense" idea that college debt is always "good debt." It's part of a series of articles I am doing about behavioral economics and college choice... —  read more 

"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 

Looks like Jack R. is all about the profits and nothing about the customers. But we already knew that, right? https://www.bloomberg.com/news/articles/2017-04-03/student-debt-giant-navient-to-borrowers-you-re-on-your-own

"(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 

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 

Do visitors to this place have information on when is my loan eligible for discharge. Here are my details: Discharge needed need elegibility date attended University of Phoenix graduated with a BA in business graduation year 2009 loan amount 24,000 —  read more 

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 

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 

"...Moody's has cut ratings on...$3.9 billion worth of bonds administered by Navient Corp....Some student borrowers are opting to make smaller regular payments while others are putting off their repayment plans for years."... —  read more 

What does Jack Remondi mean by "targeted outreach campaigns"? (1) Has collections changed at Navient lately? (2) Are they mentioning that people can do income-based repayment? (3) Who is buying the ABS?... —  read more 

If earnings doesn't look good next week...

"A class action lawsuit is emerging against the company in Delaware's federal court that puts at least $19 million on the line for the company, according to court documents. That figure will likely rise as more investors join the case....Plaintiffs... —  read more 

http://seekingalpha.com/article/3976709-navients-obsolete-business-model

https://www.forbes.com/sites/zackfriedman/2019/08/26/student-loans-elizabeth-warren/#577178f33466

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 

Just don't take a look underneath it all. https://seekingalpha.com/article/4305378-navients-high-yield-bonds-attractive-value

The College Meltdown reaches elite universities.... https://www.linkedin.com/pulse/2u-whistleblowers-detail-rampant-overpricing-behavior-dahn-shaulis/

"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 

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 

https://seekingalpha.com/news/3532904-navient-q4-2019-earnings-preview

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