Navient Is Leaving the Federal Student-Loan Business. Its Stock Got Crushed.

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Navient shares were down 13.9% on Wednesday.


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

a government-loan servicing company. 

Many Navient (ticker: NAVI) loan-servicing employees will transfer to…

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