Navient Corporation holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP Loans), as well as the portfolio of private education loans (Private Education Loans). FFELP Loans are insured or guaranteed by state or not-for-profit agencies and are also protected by contractual rights to recovery from the United States pursuant to guaranty agreements among the United States Department of Education(ED), and these agencies. The Company operates in four segments: Consumer Lending, Business Services, FFELP Loans and Other. At December 31, 2013, 84% of its FFELP Loan portfolio was funded to term with non-recourse, long-term securitization debt. The Company also sold its Campus Solution business and its 529 college-savings plan administration business in 2013 in connection with better aligning its core business. The results of both of these businesses are reported in discontinued operations for all periods presented

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Navient - About Us

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Meet Navient CEO Jack Remondi

Navient, established in 2014, provides financial services such as accounts receivable management, payment processing, collection, revenue enhancement, delinquency resolution and default prevention, asset generation and refinancing, financial literacy and career management resources, and other services to education, health care, and government clients. Headquartered in Wilmington, Delaware, Navient also employs about 6000 team members in western New York, northeastern Pennsylvania, Indiana, Tennessee, Texas, Virginia, Wisconsin, California and other locations.

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