Navient Corp

Navient is an education finance and consumer lending company. It reports in two main segments.

- Consumer Lending: Navient owns and manages a portfolio of Private Education Loans, including Legacy Private Education Loans and Refinance Education Loans. Through its digital lending brand Earnest, it originates and refinances consumer loans, including Refinance Education Loans, In-School Education Loans and a Personal Loan product launched in the fourth quarter of 2025 under a test program.
- Federal Education Loans: Navient owns and manages a run-off portfolio of FFELP federally guaranteed student loans, which carry a 3% maximum loss exposure under the federal guaranty. Servicing of this portfolio has been outsourced to a third party since 2024.

An Other segment holds corporate items. Navient previously had a Business Processing segment, which it exited with the sale of its healthcare business in 2024 and its government services business in February 2025.

The company earns mainly net interest income on about $41.2 billion of total education loans, net, including about $25.9 billion of FFELP Loans. Funding comes largely through securitization trusts, ABCP facilities and senior unsecured debt, with derivatives used to hedge interest rate, foreign currency and embedded FFELP Floor Income exposure.

Navient is shifting its balance sheet toward market-based accounting. It is classifying legacy and in-school loans as held for sale, electing fair value for new In-School originations, and selling legacy portfolios to redeploy capital into origination growth. Updated Nov 4, 2026