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The acquisition allowed Earnest to be backed by a larger company with Navient planning to maintain the brand as a separate unit. [13] [14] In January 2018, Louis Beryl stepped down from his position as CEO. [15] In July 2018, Navient hired Susan Ehrlich as the new CEO. [16] In April 2019, Earnest launched its private student loan product. [17]
The Navient student loan debt lawsuit resolution is 'a victory for student loan borrowers,' according to a bipartisan coalition of state attorneys general. Some could see their student loan debt ...
In 2022, Navient offered relief or restitution to select borrowers following a lawsuit by 39 state attorneys general. Eligible borrowers were notified by email in 2022 and received relief ...
The company’s decision to quit student loans, announced on Tuesday, left the U.S. Department of Education without one of its largest student loan servicers. Navient’s student loan portfolio is ...
Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient. Navient employs 6,000 people at offices across the U.S. [2] As of 2018, Navient services 25% of student loans in the United States. [3]
Maximus Inc. is an American government services company, [1] with operations in countries including the United States, Canada, and the United Kingdom. [2] Maximus provides administration and other services for Medicaid, Medicare, health care reform, welfare-to-work, and student loan servicing, among other government programs.
Ashford Hospitality Trust, one of the biggest beneficiaries of a U.S. small businesses coronavirus relief program — before it returned the money after being criticized — has a debt problem.
Nelnet, Inc., is a United States–based conglomerate that primary focused on financial services including student and consumer loan origination and servicing.Additionally, the company operates an investing arm, an internet bank and owns Allo Fiber, a cable and internet provider.