Navient Corp. engages in the provision of loan management, servicing, and asset recovery services. It operates the business through the following segments: FFELP Loans, Private Education Loans, Business Services, and Others. The FFELP Loans segment consists of its FFELP Loan portfolio; and the underlying debt and capital funding the loans. The Private Education Loans segment acquires finances and services private education loans. The Business Services segment provides servicing and asset recovery services for loans on behalf of Guarantors of FFELP Loans and other institutions. The Other segment covers activities related to repurchases of debt; its corporate liquidity portfolio; and unallocated overhead and regulatory-related costs. The company was founded on November 7, 2013 and is headquartered in Wilmington, DE.