Navient (NAVI) announces strategic actions
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Navient announces strategic actions following in-depth business review
January 30, 2024 4:30 PM ESTWill outsource student loan servicing and create variable expense modelInitiates exploration of strategic options for business processing division, including potential divestmentIntends to streamline shared service infrastructure and corporate footprint
HERNDON, Va., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today announced strategic actions to simplify the company, reduce its expense base, and enhance its flexibility as a result of the in-depth review overseen by the Board of Directors over the past several months.
The strategic actions include outsourcing the servicing of its student loan portfolio to a third party;... More
