Who took over Sallie Mae?

Who took over Sallie Mae?

Navient Corporation
On April 30, 2014, Sallie Mae spun off its loan servicing operation and most of its loan portfolio into a separate, publicly traded entity called Navient Corporation. Navient is the largest servicer of federal student loans and acts as a collector on behalf of the Department of Education.

Who bought out Navient student loans?

Maximus
It’s official: Navient is out of the federal student loan servicing game, effective immediately. The U.S. Department of Education on Wednesday approved the company’s proposal to transfer loan servicing of 5.6 million Education Department–owned student loan accounts to Maximus, a federal contracting company.

Is Aidvantage owned by Navient?

Aidvantage (the federal loan servicing unit of Maximus Education, LLC) has one mission – to help you manage the repayment of your federal student loan and support your financial success. Navient is transferring its Department of Education servicing to Maximus Education (Aidvantage).

Is Nelnet and Navient the same company?

Federal student loan servicers, such as Nelnet and Navient Corp., are companies that collect payments, respond to customer service inquiries and perform other administrative tasks on behalf of the U.S. Department of Education.

Is Sallie Mae part of Navient?

Navient is a U.S. corporation based in Wilmington, Delaware, whose operations include servicing and collecting student loans. Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient.

Is Maximus taking over Navient?

Maximus replaces Navient as the contractor for loan servicing of 5.6 million Department of Education-owned student loan accounts. The accounts will transition to Maximus’s servicing division, Aidvantage, by year end, after a series of communications to borrowers.

Is Great Lakes still servicing student loans?

Due to the government’s new Next Gen Business Process Operations initiative, Great Lakes and its parent company Nelnet will no longer service federal student loans after December 2020. If Great Lakes is your current loan servicer, The Department of Education will assign you a new loan servicer.

Is Navient dropping student loans?

Navient, along with FedLoan and Granite State, opted to end their participation in federal student loan servicing at the end of 2021.

Is Navient still a student loan servicer?

Navient Student Loans If you have a student loan, there’s a good chance that Navient is your student loan servicer. Navient, which spun off from Sallie Mae, has more than 10 million student loan customers and services more than $300 billion of government and private student loans.

What kind of tuition reimbursement does Novant offer?

Tuition Reimbursement After one year of service, Novant Health offers tuition reimbursement to reimburse employees for courses in which they receive college credit that are related to their present job and which help to prepare them for potential advancement within the system.

What discounts does Novant Health offer?

Novant Health also offers the team member discount program which allows us to partner with both local and national businesses to provide discounts on services. Novant Health digital products and services (DPS) is pleased to offer a team member discount through Microsoft’s Software Assurance Home Use Program.

Did Navient settle the student loan forgiveness lawsuit?

Navient, one of the nation’s largest student loan servicers, has settled a student loan forgiveness lawsuit. Here’s what you need to know – and what it means for your student loans. If you have a student loan, there’s a good chance that Navient is your student loan servicer.