Navient recognized as Adoption Advocate by Dave Thomas Foundation for Adoption

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Navient (Nasdaq: NAVI) has been recognized as an Adoption Advocate by the Dave Thomas Foundation for Adoption, showcasing its commitment to supporting working adoptive parents through robust adoption benefits programs. The company's dedication to employees' adoption journeys is evident through financial assistance, access to valuable resources like Maven, and a focus on emotional well-being for both parents and children. This honor reaffirms Navient's commitment to fostering a culture of support and compassion, championing initiatives that make a real difference in the lives of families.

HERNDON, Va., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, is proud to announce that it has been recognized as an Adoption Advocate by the Dave Thomas Foundation for Adoption. The list recognizes organizations with robust adoption benefits programs and celebrates employers that help support working adoptive parents.

“The Foundation is thrilled to see a growing number of organizations offering robust benefits to employees who open their hearts and homes as foster and adoptive parents,” said Rita Soronen, president and CEO of the Dave Thomas Foundation for Adoption. “According to research conducted by the Harris Poll on the Foundation’s behalf, 68% of Americans say that having paid leave and other adoption benefits in the workplace impact their decision to adopt. When organizations offer benefits and join the Foundation in raising awareness of their importance to inspire others, we are one step closer to ensuring that every child has a permanent home and a loving family.”

Navient demonstrates its commitment to employees' adoption journeys by providing financial assistance and access to Maven, a valuable resource that helps parents navigate agencies and clinics. This inclusive support extends to nurturing the emotional well-being of both parents and children throughout the adoption process.

The Dave Thomas Foundation partnered with RTI International, an independent, nonprofit research institute, to survey employers across the United States and score participants based on criteria such as financial reimbursement, paid leave, and the percentage of employees eligible for those benefits. The Foundation ranks employers by size, industry, paid leave, foster care benefits and impact.

“With this recognition, we reaffirm our commitment to fostering a culture of support and compassion,” said Mike Smith, Navient’s chief human resources officer. “We believe in the transformative power of adoption, and this honor inspires us to continue championing initiatives that make a real difference in the lives of families. We strive to help build a world where every child can thrive in the warmth of a loving home, and we are proud to be advocates for this meaningful cause.”

About the Dave Thomas Foundation for Adoption
The Dave Thomas Foundation for Adoption is a national nonprofit public charity dedicated to finding permanent homes for the more than 140,000 children waiting in North America’s foster care systems. Created by Wendy’s® founder Dave Thomas who was adopted, the Foundation implements evidence-based, results-driven national service programs, foster care adoption awareness campaigns and innovative grantmaking. Learn more at davethomasfoundation.org/AFW.

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

FAQ

What is Navient's ticker symbol?

Navient's ticker symbol is NAVI.

What recognition has Navient received from the Dave Thomas Foundation for Adoption?

Navient has been recognized as an Adoption Advocate by the Dave Thomas Foundation for Adoption.

How does Navient support working adoptive parents?

Navient supports working adoptive parents through robust adoption benefits programs, financial assistance, and access to valuable resources like Maven.

What is Navient's commitment to fostering a culture of support and compassion?

Navient reaffirms its commitment to fostering a culture of support and compassion through initiatives that make a real difference in the lives of families.