Navient (NAVI) Hurt by Lower Revenues & Higher Debt Level

Navient Corporation's (NAVI) declining servicing revenues and high debt burden are major concerns. Additionally, its capital distribution activities seem unsustainable. NAVI's growth opportunities seem limited. The firm transferred all its ED servicing contracts to Maximus after receiving the necessary approvals in October 2021. This has hurt its servicing revenues, evidenced by a yearover-year decline of $91 million and $13 million in 2022 and 2023, respectively. The metric was stable in firstquarter 2024 ...