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Navient is the third company to exit federal student loan servicing this year

Navient announced its intent last week to leave the federal student loan servicing business. Navient is the third student loan servicer this year to exit its contract with the U.S. Department of Education, following the Pennsylvania Higher Education Assistance Agency (PHEAA) and Granite State Management and Resources. Between the three servicers, roughly 16 million federal student loan borrowers will see their loans switch hands. Here’s what could happen to your federal servicer and when you ca

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Navient is the third company to exit federal student loan servicing this year
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