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Stock impact report

Trump administration has scaled back oversight of student loan servicers, congressional watchdog finds [CNBC]

Navient Corporation (NAVI) 
Last navient corporation earnings: 4/21 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: navient.com/about/investors
Company Research Source: CNBC
That was shortly before the Trump administration terminated around 50% of the Education Department's staff. The reduction in oversight could have financial consequences for borrowers, GAO said. A school bell from Milford, Pennsylvania, stands in front of the Department of Education's headquarters on March 06, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images The U.S. Department of Education has scaled back its oversight of the companies that manage federal student loans, a new congressional watchdog report found. In February 2025, the department stopped “assessing servicers on accuracy and call quality,” according to the report from the nonpartisan Government Accountability Office. That change occurred shortly before the Trump administration terminated around 50% of the Education Department's staff. Without its evaluation of student loan servicers, the GAO wrote, the Education Department “can't be sure that borrower records are correct and servic Show less Read more
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