Navient completes acquisition of Earnest, a leading financial technology and education finance company
November 03 2017 - 8:45AM
Navient, a leading provider of asset management and business
processing solutions, announced the closing of its acquisition of
Earnest, a leading financial technology and education finance
company.
In connection with the transaction, Navient acquired more than
$500 million in education refinancing loans.
Founded in 2013, Earnest serves financially responsible,
digitally native consumers who have been underserved by traditional
banks. Earnest clients will continue to enjoy the same customer
service, rates, terms and benefits.
About NavientNavient (Nasdaq:NAVI)
is a leading provider of asset management and business processing
solutions for education, healthcare, and government clients at the
federal, state, and local levels. The company helps its clients and
millions of Americans achieve financial success through services
and support. Headquartered in Wilmington, Delaware, Navient employs
team members in western New York, northeastern Pennsylvania,
Indiana, Tennessee, Texas, Virginia, Wisconsin and other locations.
Learn more at navient.com.
Contact:
Media: Patricia Nash Christel, 302-283-4076,
patricia.christel@navient.com
Investors: Joe Fisher, 302-283-4075,
joe.fisher@navient.com
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