Navient names David Green as executive vice president

Rhea-AI Summary

Navient (Nasdaq: NAVI) has appointed David Green as executive vice president of consumer lending, while he continues as CEO of Earnest. Green will oversee Navient’s education financing tools and services offered through the Earnest and NaviRefi brands. His leadership has driven a significant increase in student loan refinancing volume and introduced a new in-school private education loan. He also manages Going Merry, a financial aid platform acquired by Earnest. CEO Jack Remondi expressed excitement about the growth vision for the consumer lending business, a vital component of Navient’s long-term success.

Positive

• David Green's appointment as executive vice president of consumer lending signifies strategic leadership.
• Significant expansion in student loan refinancing volume under Green's leadership.
• Launch of a new consumer-friendly in-school private education loan enhances service offerings.
• Going Merry acquisition supports a broader financial aid application process for students.

Negative

• None.

WILMINGTON, Del., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, announced today the appointment of David Green as executive vice president of consumer lending. Green will continue as CEO of Earnest.

In this expanded role, Green is responsible for Navient’s suite of education financing tools and services, which are offered under the Earnest and NaviRefi brands. Under his leadership, Earnest significantly expanded student loan refinancing volume. He also launched a new consumer-friendly in-school private education loan leveraging human-centered design. Green also leads Going Merry, a national financial aid platform acquired by Earnest in 2021, where students match to and apply for scholarships, institutional aid, and government grants through a single free application. 

“DG is a creative strategist and innovator supporting families on the college journey,” said Jack Remondi, CEO and president of Navient. “Our consumer lending business is a key to Navient’s long-term success and I am excited about our vision for growth.”

Green has served as CEO of Earnest since April 2021 and before that worked as Earnest’s chief operating officer and chief product officer. Earnest joined the Navient family of companies in 2018.

He received his MBA from the University of Pennsylvania and a B.A. from George Washington University.

About Navient
Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education, healthcare and government. Learn more at navient.com.

Contact:
Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com   
Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

FAQ

Who is David Green in relation to Navient?

David Green is the newly appointed executive vice president of consumer lending at Navient and continues to serve as the CEO of Earnest.

What is the significance of David Green's appointment at Navient?

David Green's appointment is crucial as he is responsible for overseeing Navient's education financing tools, which play a key role in the company's growth strategy.

How has David Green impacted student loan refinancing at Navient?

Under David Green's leadership, Navient has significantly increased its student loan refinancing volume.

What new products has Navient launched recently?

Navient, under David Green, has launched a consumer-friendly in-school private education loan.

What is Going Merry and how is it related to Navient?

Going Merry is a national financial aid platform that Navient acquired through Earnest, which helps students apply for scholarships and aid.