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Navient Corporation (Nasdaq: NAVI) is the nation’s leading loan management, servicing, and asset recovery company. Headquartered in Herndon, Virginia, Navient supports the educational and economic achievements of over 12 million Americans by managing more than $300 billion in student loans. The company operates in three primary segments: Federal Education Loans, Consumer Lending, and Business Processing.
Navient provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions achieve financial success. Their customer-focused, data-driven approach delivers exceptional results for clients in education, healthcare, and government sectors.
Recent strategic actions have been taken to streamline operations and enhance flexibility. This includes outsourcing student loan servicing to MOHELA, exploring strategic options for the business processing division, and reshaping shared services to align with a more focused business model. These measures are expected to reduce the company's expense base and increase operational efficiency.
Navient is committed to transparency and regular communication with stakeholders. The company hosts quarterly earnings calls and provides detailed financial updates. For instance, Navient will hold a live audio webcast on April 24, 2024, to review its first-quarter financial results. This webcast, hosted by senior executives, will offer insights into the company's performance and strategic direction.
For more information, visit Navient.com.
Navient has extended its multi-year partnership with the Boys & Girls Clubs of America to support the National Keystone Club Conference. This partnership focuses on leadership development for youth aged 14-18, covering academic success, career preparation, and community service.
In 2021, with Navient's support, a digital program was launched to aid families in understanding financial aid and college funding. The Diplomas to Degrees program assists high schoolers with college readiness, while Roadmap to Careers helps them develop future plans based on personal interests.
Navient (Nasdaq: NAVI) announced its second-quarter financial results for 2022, highlighting its role as a leader in technology-enabled education finance solutions. The detailed financial results can be found on their website along with a live audio webcast scheduled for July 27, 2022, at 8 a.m. ET, hosted by CEO Jack Remondi and CFO Joe Fisher. Analysts and investors are encouraged to pre-register for questions, while a replay will be available after the event.
Duncan Solutions, part of the Navient family, announced a $25,000 donation to the Boys & Girls Clubs of Metro Louisiana during a special event on July 26, 2022. The donation aims to enhance academic programming for local youth, ensuring they are on track to graduate high school. This contribution extends their multi-year partnership with Boys & Girls Clubs of America. The event will feature entertainment by Grammy-nominated producer Haskel Jackson and include local officials and representatives supporting community initiatives focused on mobility challenges.
Navient (NAVI) is set to release its 2022 second quarter financial results on July 26, 2022, after market close. An audio webcast reviewing these results will take place on July 27, 2022, at 8 a.m. Eastern Time. Analysts and investors must pre-register to ask questions, while a listen-only option is available for others. Supplemental financial data and presentation slides will be accessible on the company's investor webpage during the webcast. Navient specializes in technology-enabled education finance and business processing solutions, serving clients in various sectors.
Navient has supported the grand opening of the new Veterans Resource Center at Delaware Tech, Wilmington, enhancing resources for student veterans. This center, backed by a grant from the Navient Community Fund, offers a lounge, academic counseling, and a Veterans Inspiring Progress program. It is the second center funded by Navient, following a similar initiative in 2016. Navient emphasizes its commitment to assist veterans through specialized services and hiring initiatives. The company has been recognized as a Military Friendly® Employer for eight consecutive years.
On May 25, 2022, Xtend Healthcare, a revenue cycle management company under Navient (NAVI), announced that its Prism applications and the Finvi FACS application achieved HITRUST Risk-based, 2-year Certification for information security. This certification demonstrates compliance with stringent regulatory and industry requirements, enhancing the company's capability in risk management and data protection. Xtend Healthcare aims to meet evolving compliance demands while reassuring clients about their commitment to high-quality data protection standards.
Navient (Nasdaq: NAVI) announced a second-quarter dividend of $0.16 per share, reflecting the company's commitment to returning value to shareholders. The dividend payment will be made on June 17, 2022, to shareholders on record as of June 3, 2022. This announcement highlights Navient's focus on providing technology-enabled education finance and business processing solutions aimed at enhancing customer success.
Navient (NAVI) partners with the Boys & Girls Club of Delaware to host free college planning conferences aimed at helping families prepare for higher education. Scheduled for May 7 and 14, 2022, these events will cover financial aid, the Delaware SEED Scholarship Program, and more. Attendees will have access to regional colleges, receive snacks and prizes, and have a chance to win college scholarships. The initiative underscores Navient's commitment to youth financial preparedness and successful postsecondary education outcomes.
Navient (NASDAQ: NAVI) announced its first-quarter financial results for 2022, signaling its ongoing leadership in technology-enabled education finance. The company will discuss these results in a conference call on April 27, 2022, at 8 a.m. ET, led by President and CEO Jack Remondi and CFO Joe Fisher. Interested participants can join using the provided dial-in numbers or access the live audio webcast. The results will be fully accessible on Navient's investor website and through SEC filings.
On April 21, 2022, Navient (Nasdaq: NAVI) announced that board member Katherine A. Lehman will not seek reelection during the upcoming annual shareholders' meeting. Lehman, with the company since 2014, cited increased responsibilities at Palladium Equity Partners as the reason for her decision. Navient's President and CEO, Jack Remondi, acknowledged her contributions, highlighting her value to the organization. The company continues to focus on technology-enabled education finance and business processing solutions.
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