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Stock impact report

Trump Is Slashing Grad School Loans. These Companies Are Scrambling To Step In [Forbes]

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: Forbes
the 22 years since Ken Ruggiero jumped from tech to the private student loan business, he's lived through a dramatic boom and bust. In the early 2000s, the market more than quadrupled , fueled by soaring college prices and federal subsidies in the form of loan guarantees. Then Uncle Sam decided to do the lending itself, directly, and private loan originations collapsed from more than $20 billion in 2008 to less than $6 billion in 2011. Since then, they've grown at a glacial pace to $13 billion a year, prompting one big bank after another to exit the business. Now Ruggiero and other industry players are getting ready for a new private student loan boom, courtesy of President Donald Trump's and Congressional Republicans' One Big Beautiful Bill Act (OBBBA), which aims to save $307 billion over the next decade from the student loan program. The law makes paying back government loans more onerous, caps the amount parents can borrow and eliminates the Grad Plus loan program for students Show less Read more
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