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Navient Corporation
Navient is an American corporation based in Wilmington, Delaware that services and collects student loans. Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient. Navient employs 6,000 people at offices across the U.S. As of 2018, Navient services 25% of student loans in the United States. History Navient was established in 1973 as a Government-Sponsored Enterprise (GSE) called Student Loan Marketing Association (nicknamed Sallie Mae). The company was created by Congress to support the student loan program established by the Higher Education Act of 1965. It was created for two reasons: 1) to purchase student loans in the secondary market; and, 2) to securitize pools of student loans. The objective is to create liquidity for these loans to increase their value to lenders, reducing the costs to borrowers in the process. Sallie Mae's privati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Justice
The United States Department of Justice (DOJ), also known as the Justice Department, is a United States federal executive departments, federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United States. It is equivalent to the Justice ministry, justice or Interior ministry, interior ministries of other countries. The department is headed by the United States Attorney General, U.S. attorney general, who reports directly to the president of the United States and is a member of the president's United States Cabinet, Cabinet. The current attorney general is Merrick Garland, who was sworn in on March 11, 2021. The modern incarnation of the Justice Department was formed in 1870 during the Ulysses S. Grant administration, Ulysses S. Grant presidency. The department comprises Federal law enforcement in the United States, federal law enforcement agencies, including the Federal Bureau of Investigation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FAFSA
The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid. The FAFSA is different than CSS Profile (short for "College Scholarship Service Profile"), which is also required by some colleges (primarily private ones). The CSS is a fee-based product of the College Board (a private non-profit organization) and is used by the colleges to distribute their own institutional funds, rather than federal or state funding. Eligibility In order to receive federal student financial aid, students must meet the following criteria: * be registered with the Selective Service System (for Conscription in the United States), if male and between the ages of 18 and 25, if required to do so; * have maintained a Satisfactory Academic Progress (SAP); * be a U.S. citizen, a U.S. national, or an eligible non-citizen; * have a valid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include '' Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Student Loan Justice
StudentLoanJustice.org is a US grassroots organization founded in 2005 by Alan Collinge with the goal of reforming predatory lending practices in the American student loan industry. Purpose Specifically, the organization calls for the return of standard consumer protections to student loans, including bankruptcy protections and statutes of limitations. The organization also calls for the removal of exemptions given uniquely to the student loan industry from Fair Debt Collection Practices Act, the Truth in Lending Act, and state usury laws. StudentLoanJustice.org has 16,080 members in its Facebook group and additional members in its various mailers and lists. The website contains information about the student loan industry, including the Higher Education Act of 1997, which it says allowed private lending agencies to impose what it describes as "draconian" punitive measures upon borrowers. It also publishes stories from graduates who have had difficulty with student loan companies. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Lewis
Michael Monroe Lewis (born October 15, 1960) Gale Biography In Context. is an American author and financial journalist. He has also been a contributing editor to '' Vanity Fair'' since 2009, writing mostly on business, finance, and economics. He is known for his nonfiction work, particularly his coverage of financial crises and behavioral finance. Lewis was born in New Orleans and attended Princeton University, from which he graduated with a degree in art history. After attending the London School of Economics, he began a career on Wall Street during the 1980s as a bond salesman at Salomon Brothers. The experience prompted him to write his first book, '' Liar's Poker'' (1989). Fourteen years later, Lewis wrote '' Moneyball: The Art of Winning an Unfair Game'' (2003), in which he investigated the success of Billy Beane and the Oakland Athletics. His 2006 book '' The Blind Side: Evolution of a Game'' was his first to be adapted into a film, '' The Blind Side'' (2009). In 2010, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Attorney General Of Louisiana
The office of attorney general of Louisiana (french: Procureur général de la Louisiane) has existed since the colonial period. Under Article IV, Section 8 of the Constitution of Louisiana, the attorney general is elected statewide for a four-year term and is the chief legal officer of the state. Additionally, "the attorney general shall have authority (1) to institute, prosecute, or intervene in any civil action or proceeding; (2) upon the written request of a district attorney, to advise and assist in the prosecution of any criminal case; and (3) for cause, when authorized by the court which would have original jurisdiction and subject to judicial review, (a) to institute, prosecute, or intervene in any criminal action or proceeding, or (b) to supersede any attorney representing the state in any civil or criminal action. The attorney general shall exercise other powers and perform other duties authorized by this constitution or by law."Constitution of Louisiana, Article IV, §8 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Forgiveness
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves. In World War I the United States Treasury made large loans to the allies that were postponed, reduced and finally paid off in 1953. In the late 20th century, it came to refer primarily to Third World debt, which started exploding with the Latin American debt crisis (Mexico 1983, etc.). In the early 21st century, it is of increased applicability to individuals in developed countries, due to credit bubbles and housing bubbles. International debt relief First World War reparations War debt payments by World War I Allies to the U.S. had been suspended in 1931—only Finland paid in full—and American public opinion demanded repayments resume as a condition of U.S. postwar aid. Germany had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Federation Of Teachers
The American Federation of Teachers (AFT) is the second largest teacher's labor union in America (the largest being the National Education Association). The union was founded in Chicago. John Dewey and Margaret Haley were founders. About 60 percent of AFT's membership works directly in education, with the remainder of the union's members composed of paraprofessionals and school-related personnel; local, state and federal employees; higher education faculty and staff, and nurses and other healthcare professionals. The AFT has, since its founding, affiliated with trade union federations: until 1955 the American Federation of Labor, and now the AFL–CIO. History AFT was founded in Chicago, Illinois, on April 15, 1916. Charles Stillman was the first president and Margaret Haley was the national organizer. On May 9, 1916, the American Federation of Labor chartered the AFT. By 1919, AFT had 100 local affiliates and a membership of approximately 11,000 teachers, which amounted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian
''The Guardian'' is a British daily newspaper A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as politics, business, sport .... It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited, Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States District Court For The Middle District Of Pennsylvania
The United States District Court for the Middle District of Pennsylvania (in case citations, M.D. Pa.) is a district level federal court with jurisdiction over approximately one half of Pennsylvania. The court was created in 1901 by subdividing the United States District Court for the Eastern District of Pennsylvania and the United States District Court for the Western District of Pennsylvania. The court is under the jurisdiction of the United States Court of Appeals for the Third Circuit (except for patent claims and claims against the U.S. government under the Tucker Act, which are appealed to the Federal Circuit). Because Harrisburg, the state capital, is located within the district's jurisdiction, most suits against the Commonwealth of Pennsylvania are filed in the Middle District. Similarly, because York County Prison served as the largest Immigration and Naturalization Service (INS) facility in the Northeast, the Middle District also adjudicated many immigration cases. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fair Debt Collection Act
The Fair Debt Collection Practices Act (FDCPA), Pub. L. 95-109; 91 Stat. 874, codified as –1692p, approved on September 20, 1977 (and as subsequently amended) is a consumer protection amendment, establishing legal protection from abusive debt collection practices, to the Consumer Credit Protection Act, as Title VIII of that Act. The statute's stated purposes are: to eliminate abusive practices in the collection of consumer debts, to promote fair debt collection, and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy. The Act creates guidelines under which debt collectors may conduct business, defines rights of consumers involved with debt collectors, and prescribes penalties and remedies for violations of the Act.; It is sometimes used in conjunction with the Fair Credit Reporting Act. People and entities covered by the FDCPA The FDCPA broadly defines a debt collector as "any person w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
