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Security Profile
- Security Type
- Common Stock
- CUSIP
- 63938C108
- Market Cap
- Large Cap
Business: Navient Corp. is the nation's leading loan management, servicing and asset recovery company. Servicing a $300 billion student loan portfolio, the company supports the educational and economic achievements of more than 12 million Americans. A growing number of government and higher education clients rely on Navient for proven solutions to meet their financial goals. Navient Corp. was created from the strategic separation of Sallie Mae into two companies and will continue to perform asset recovery for government, higher education and business clients.
Notes: April 10, 2014 -- Sallie Mae (NASDAQ: SLM), formally SLM Corporation, announced today that its board of directors has unanimously approved the strategic separation of its loan management, servicing and asset recovery business, known as Navient, from its consumer banking business. Sallie Mae Bank’s consumer banking business will continue under the Sallie Mae brand. The board also set both the record date and the distribution date for the separation. The Sallie Mae Board of Directors approved a dividend of Navient common stock on April 30, 2014, the distribution date, to Sallie Mae common shareholders of record as of the close of business on April 22, 2014, On the distribution date, Sallie Mae shareholders will receive one share of Navient common stock for each share of Sallie Mae common stock held by them on the record date.
Company Contact
- CEO
- David Yowan
- CFO
- Joe Fisher
- Headquarters
- 13865 Sunrise Valley Drive, Herndon, VA 20171
- Phone
- 703-810-3000
- Investor Relations
- Jen Earyes · Jen.Earyes@navient.com