<Tr> <Th> Number of employees </Th> <Td> 6,000 (2015) </Td> </Tr> <Tr> <Th> Website </Th> <Td> navient.com </Td> </Tr> <P> Navient is a U.S. corporation based in Wilmington, Delaware, whose operations include servicing and collecting on student loans . Managing nearly $300 billion in student loans for more than 12 million customers, 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 individuals at offices across the U.S. As of 2018, Navient services 25% of student loans in the United States . </P> <P> 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 . </P>

Is navient part of the department of education