Federal Student Aid head will step down. His office has been roiled by FAFSA problems [CNN]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: CNN
According to a letter to staff obtained by CNN, Richard Cordray said Friday that he will not be continuing in his role for another three-year term. He has served as the chief operating officer of FSA in the Department of Education since May 4, 2021, and will stay on through June to help with the transition. The announcement of Cordray's departure comes as his office has been under fire for problems with a new version of the Free Application for Federal Student Aid, or FAFSA, released late last year. Delays and technical glitches have kept millions of students waiting to hear how much college will cost them this fall and have raised concerns that some low-income students won't enroll at all. Ad Feedback Earlier this month, Cordray became a focus of a hearing held by the House Committee on Education and the Workforce about the FAFSA rollout. “If there was a financial aid director, or even a college president, that delayed financial aid on their campus for up to six months, the
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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
- 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
- Boys & Girls Clubs of Delaware, Navient to host May 4 college planning conference [Yahoo! Finance]Yahoo! Finance
NAVI
Earnings
- 4/25/24 - Miss
NAVI
Sec Filings
- 5/6/24 - Form 4
- 5/3/24 - Form 144
- 4/29/24 - Form 8-K
- NAVI's page on the SEC website