Why some student loan borrowers are locked out of Biden's debt relief efforts [Yahoo! Finance]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: Yahoo! Finance
The administration said that if Correia and others with federal loans held by private companies consolidated into the government's direct loan portfolio, they could get credit for past payments that didn't normally qualify for the forgiveness program. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. But Correia's excitement faded after her loan servicer said the decades-old debt was actually ineligible. After months of digging, Correia, 54, found out that a private lender had mishandled her loan some 20 years ago, leading the Education Department to permanently revoke its insurance on the debt. By penalizing the lender, the federal government also penalized Correia. Even though she had faithfully made payments and worked for a nonprofit since 2006 - key criteria of the Public Service Loan Forgiveness program - Correia would just have to keep paying. “Why do I have to suffer for someone else's mistake?” said Correia
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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