Is Sallie Mae A Federal Loan? [Forbes]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: Forbes
The lender previously offered federal student loans to applicants. However, those seeking federal loans from Sallie Mae will find that the lender hasn't offered federal student loans since 2010 and it exited federal loan servicing in 2014. Now, the company only offers private student loans to borrowers. Sallie Mae began as the Student Loan Marketing Association (SLMA), a government-sponsored enterprise that previously serviced and originated federal student loans. In 2004, SLMA was privatized and since 2014, Sallie Mae hasn't serviced new federal student loans following the company's split to form Navient. If you had federal loans through Sallie Mae, they were transferred to Navient for servicing. Federal loans are no longer available through Sallie Mae. Sallie Mae issued loans through the Federal Family Education Loan (FFEL) Program , which was discontinued in 2010. The FFEL Program operated differently from federal direct loans—the most recent iteration of federal loans. T
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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