{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-006077","form_type":"8-K","ticker":"NAVI","cik":"0001593538","company_name":"NAVIENT CORP","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.137204+00:00","generated_at":"2026-06-02T02:20:41.313493+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Navient to outsource student loan servicing to MOHELA; transfer ~900 employees, start Q3 2024","bullets":["Navient Solutions, LLC and MOHELA signed Master Terms Agreement on May 7, 2024.","MOHELA will sub-servicer all private, HEAL, and FFELP loan portfolios currently serviced by Navient plus new loans.","Approximately 900 Navient employees will transfer to MOHELA; servicing expected to begin in Q3 2024.","Navient retains ownership of loans and Servicer has no title or security interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-006077","json":"https://secwatch.observer/filing/0001654954-24-006077.json","markdown":"https://secwatch.observer/filing/0001654954-24-006077.md","text":"https://secwatch.observer/filing/0001654954-24-006077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593538/000165495424006077/0001654954-24-006077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593538/000165495424006077/navi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T02:20:41.313493+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":[{"claim_id":"634c0e26967a4de8ea8dd5ff9101c194ceda24a6","claim":"NAVIENT CORP entered into Master Terms Agreement with Higher Education Loan Authority of the State of Missouri valued at Navient outsources student loan servicing operations to MOHELA; MOHELA will act as sub-servicer and (effective 2024-05-07).","evidence_excerpt":"On May 7, 2024, Navient Solutions, LLC (“Navient”), a Delaware limited liability company and a wholly owned subsidiary of Navient Corporation (the “Company”), and Higher Education Loan Authority of the State of Missouri (“MOHELA”), a leading provider of student loan servicing for government and commercial enterprises and a body politic and corporate and public instrumentality of the State of Missouri, entered into a Master Terms Agreement (the “MTA”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1593538/000165495424006077/0001654954-24-006077-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Higher Education Loan Authority of the State of Missouri"},{"label":"Value","value":"Navient outsources student loan servicing operations to MOHELA; MOHELA will act as sub-servicer and"},{"label":"Effective","value":"2024-05-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}