Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how. [Business Insider]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: Business Insider
The lawmakers requested this relief happen before Navient outsources its servicing to MOHELA. A major private student-loan company is leaving the servicing industry . But before that happens, a group of Democratic lawmakers want it to give some borrowers debt relief. On Wednesday, Sen. Elizabeth Warren led eight of her Democratic colleagues in sending a letter — first reviewed by Business Insider — to Navient's CEO David Yowan, requesting that the company cancel "decades-old predatory private student loans" using a consumer protection law established by the Federal Trade Commission. In January, Navient announced it would be outsourcing servicing of its private loans and commercially held loans in the Federal Family Education Loan program to MOHELA — one of the largest federal student loan servicers. This transition is expected to impact about 2.7 million borrowers, and the Democratic lawmakers wrote in their letter that "a large portion of these loans are eligible for cancellat
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NAVI
News
- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at TD Cowen from $14.00 to $13.00. They now have a "sell" rating on the stock.MarketBeat
- Federal Student Aid head will step down. His office has been roiled by FAFSA problems [CNN]CNN
- Navient First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at JPMorgan Chase & Co. from $17.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at Barclays PLC from $13.00 to $11.00. They now have an "underweight" rating on the stock.MarketBeat
NAVI
Earnings
- 4/25/24 - Miss
NAVI
Sec Filings
- 4/29/24 - Form 8-K
- 4/25/24 - Form 8-K/A
- 4/24/24 - Form 10-Q
- NAVI's page on the SEC website