---
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"
generated_at: "2026-06-02T02:20:41.313493+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Navient to outsource student loan servicing to MOHELA; transfer ~900 employees, start Q3 2024

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-006077
- JSON: https://secwatch.observer/filing/0001654954-24-006077.json
- Plain text: https://secwatch.observer/filing/0001654954-24-006077.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Counterparty: Higher Education Loan Authority of the State of Missouri
  - Value: Navient outsources student loan servicing operations to MOHELA; MOHELA will act as sub-servicer and
  - Effective: 2024-05-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1593538/000165495424006077/0001654954-24-006077-index.htm

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