About
In the year 2013, Navient corporation was incorporated and is responsible for offering quality management and business processing services to education, healthcare and government clients at the federal, state and local levels. It successfully holds the collection of education loans insured or those who are federally guaranteed under the Federal Family Education Loan Program.
Its services can be divided into four divisions FFELP loans, Private education loans, business services and others. Moreover, it also keeps hold of private education loans. Besides handling own portfolio of education loans, it also handles loans by united states department of education, non-profit education providers as well as financial institutions. It also offers business processing services to some clients like guaranty agencies including other colleges and university. Along with all this, it also provides additional services to some clients like federal agencies. Regional authorities, healthcare systems and other healthcare providers.
As of 2018, Navient holds 25% of student loans in the United States. It was first established in the year 1973 as a Government-sponsored enterprise. Navient was established in 1973 as a Government-Sponsored Enterprise (GSE) called the Student Loan Marketing Association.
Their primary mission is to enhance the financial success of their customer’s invention, vision, sympathy, personalisation and firm focus on honesty and acquiescence.
Products and Services:-
- Navient offers the following services to customers-
- Consumer Lending
- Gila LLC
- General Revenue Corp
- Duncan Solutions
Expertise
Area Covered
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