- September 30, 2021
- Posted by: Stratford Team
- Category: Business
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Navient shares were down 13.9% on Wednesday.
Dreamstime
Navient
,
the nation’s largest student-loan company, announced on Tuesday that it’s requested government approval to end its loan servicing contract for student-loan accounts owned by the U.S. Department of Education. The six million borrowers’ accounts will be transferred to
Maximus
,
a government-loan servicing company.
Many Navient (ticker: NAVI) loan-servicing employees will transfer to…