Navient to add 200 jobs by year-end Navient is announcing its plan to fill nearly 200 positions by the end of the year. Job openings vary from customer service and collections roles, to information technology and procurement.
Sallie Mae sells $820M of Smart Option Student Loans to Navient Sallie Mae, formally known as SLM (SLM) announced the completion of the company’s first asset-backed securitization as a standalone consumer banking business and the definitive agreement for its first loan sale. The off-balance sheet securitization consisted of approximately $380M of Smart Option Student Loans. All securities, including the entire residual interest in the loans, were privately placed with a single, third-party investment manager. The company has also signed a definitive agreement to sell approximately $820M of Smart Option Student Loans to Navient (NAVI). The loan sale is expected to close in August.