Navient Corp. engages in a loan management, servicing and asset recovery. It operates the business through four 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 generates its revenue from servicing its FFELP Loan portfolio as well as providing servicing and asset recovery services for loans on behalf of Guarantors of FFELP Loans and other institutions, including ED, higher education institutions and other federal, state, court and municipal clients. The Other segment primarily consists of activities of its holding company, including the repurchase of debt, the corporate liquidity portfolio and all unallocated overhead. Navient was founded on November 7, 2013 and is headquartered in Wilmington, DE.