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Navient Ends Student Loan Contract — Here’s What It Means For Your Student Loans

admin by admin
September 29, 2021
in Loans
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Navient Ends Student Loan Contract — Here’s What It Means For Your Student Loans

If you have student loans, there’s a good chance that Navient is your student loan servicer. Navient services student loans, parent loans and FFELP Loans for approximately 12 million student loan borrowers. Here’s what this major announcement means for your student loans

Subject to approval from the U.S. Department of Education, Maximum may become your new student loan servicer. Currently, Maximus services 7.1 million student loan borrowers who collectively have $166 billion of student loans. If approved, you would start paying your student loans through Maximus.

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