Navient Corporation reported second-quarter 2026 financial results, posting GAAP net income of $25 million ($0.26 diluted EPS) and Core Earnings net income of $27 million ($0.29 diluted EPS). The Consumer Lending segment originated $815 million in Private Education Loans, a 63% increase year-over-year, while Federal Education Loan segment net income was $26 million. Operating expenses declined 18% to $82 million. Capital activities included repurchasing $2 million of common shares and paying $15 million in common stock dividends. Navient operates in the education finance industry, providing private student lending, loan servicing, and portfolio management.

Navient Corporation disclosed a material cybersecurity incident involving a third-party law firm that suffered a ransomware attack. Unauthorized actors accessed Company-related data, including borrower names, dates of birth, addresses, and Social Security numbers. The Company determined the incident to be material on June 29, 2026, though it has not identified evidence of unauthorized access to its own internal systems. Navient Corporation is a financial services company providing student loan management and servicing.