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Obama Administration Deals Another Blow To Student Loan Giant Navient

12/20/2016

1 Comment

 
Picture
By Shahien Nasiripour - Bloomburg
Navient Corp. lost out on a lucrative government contract to collect on defaulted federal student loans late last week, disappointing previously optimistic investors. The company has collected on such debt for nearly two decades, raking in tens of millions of dollars in annual revenue. 
Wall Street had hoped that Navient would flourish under the incoming Trump administration, thanks to new federal contracts and the possibility that the government would retrench from the student loan business in favor of private lenders. Company shares advanced nearly 30 percent from Nov. 8 through Friday, ranking it among the 20 biggest gainers in the Standard & Poor's 500. However, shares were down more than 2 percent in early Monday trading in New York.
1 Comment
Linz Collins link
9/27/2023 04:20:45 am

Hi, thanks for posting this.

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  • Home
  • Where Do I Start?
  • Know Your Loans
  • Defense To Repayment
    • Denials - Defense To Repayment
  • Private Schools
    • Argosy University
    • Art Institutes
    • Brown Mackie College
    • Corinthian Colleges Inc.
    • DeVry University
    • ITT Technical Institute
    • South University
    • University of Phoenix
    • Westwood College
  • Lenders
    • ACS
    • AES
    • Firstmark
    • Great Lakes
    • Navient/Sallie Mae
    • Nelnet
    • University Accounting Services, LLC
    • Wells Fargo
  • For-Profit Companies
    • Alta Colleges Inc.
    • Apollo Education Group
    • Bridgepoint Education
    • Career Education Corporation
    • Corinthian Colleges, Inc.
    • DeVry Education Group
    • Dream Center
    • EDMC
    • ITT Educational Services, Inc.
  • News Feed
  • Contact/Help
  • Donate