{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-22-012394","form_type":"8-K","ticker":"NAVI","cik":"0001593538","company_name":"NAVIENT CORP","filed_at":"2022-09-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:56.298435+00:00","generated_at":"2026-06-23T10:04:51.508093+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Navient estimates up to $390M net cash flow reduction if 10% of FFELP borrowers consolidate under debt relief plan","bullets":["As of June 30, 2022: $427M loan premium, $364M debt deferred fees, $245M loan loss allowance, $125M unrecognized fees, $232M goodwill in FFELP portfolio.","10% consolidation of 2M borrowers would accelerate ~$340M cash flows but reduce net cash flows by ~$390M.","Accelerated amortization of premiums and deferred fees reduces net income; partially offset by allowance release and unrecognized fee recognition.","$232M goodwill may be impaired depending on the level of loan consolidation activity.","Impact timeline uncertain; applications accepted through end of 2023; Education Dept. may expand eligibility to privately held federal loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-22-012394","json":"https://secwatch.observer/filing/0001654954-22-012394.json","markdown":"https://secwatch.observer/filing/0001654954-22-012394.md","text":"https://secwatch.observer/filing/0001654954-22-012394.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593538/000165495422012394/0001654954-22-012394-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593538/000165495422012394/navi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T10:04:51.508093+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}