---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-001073"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:01:36.702885+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Navient to outsource loan servicing to MOHELA, explore sale of business processing unit

## Summary
- Binding letter of intent to outsource student loan servicing to MOHELA, creating variable cost structure.
- Launching process to explore strategic options for business processing division, including potential divestment.
- Streamlining corporate functions; full implementation expected over 18–24 months starting in 2024.
- Under full completion scenario, ~$400M in net operating expenses could be eliminated (2023 basis).
- Q4 2023 earnings results and supplemental materials to be released Jan. 31, 2024, with webcast at 8 a.m. ET.

## SEC filing metadata
- accession: 0001654954-24-001073
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000165495424001073/0001654954-24-001073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000165495424001073/navi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-001073
- JSON: https://secwatch.observer/filing/0001654954-24-001073.json
- Plain text: https://secwatch.observer/filing/0001654954-24-001073.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.