U.S. lawmakers find 3.9M student-loan servicer billing errors - report [Seeking Alpha]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: Seeking Alpha
Democratic Sens. Elizabeth Warren, Richard Blumenthal, Ed Markey, and Chris Van Hollen together issued a report on servicer errors, based on data from the Education Department and servicer audits, in the wake if the return to payment. "The four student loan servicers that were under contract with ED at the end of the payment pause had ample time, clear contractual requirements, and sufficient funding from the federal government," the lawmakers said , Business Insider reported. "Yet, they still made a series of mistakes that harmed millions of borrowers when payments restarted." The shortcomings come as the Biden administration is doubling down on efforts to cancel student loan debt, with several new initiatives that are aimed at forgiving the bills of around 30M Americans. The latest proposals build on the dozens of executive actions taken to cancel $146B for 4M borrowers. Student loan-related stocks include Navient ( NASDAQ: NAVI ), Nelnet ( NYSE: NNI ), Sallie Mae ( NASDAQ: S
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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
- 4/25/24 - Form 8-K/A
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- NAVI's page on the SEC website