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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Navient Corporation    NAVI

NAVIENT CORPORATION

(NAVI)
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Navient Foundation supports local technology training program

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03/12/2019 | 08:16am EDT

WILMINGTON, Del., March 12, 2019 (GLOBE NEWSWIRE) -- Young adults in Wilmington have an opportunity to gain skills in technology that will help them succeed in a competitive workforce, thanks to Tech Impact’s ITWorks. Navient Foundation, the company-sponsored philanthropic fund, donated $2,500 to support the ITWorks’ efforts to increase access to education, technical training and employment opportunities.

The grant has helped provide 18 young adults with an opportunity to launch their careers in technology. Jordan from Wilmington, who completed the program last year, secured a full-time position as a configuration technician prior to graduation.

“At a young age, I had a strong interest in technology,” said Jordan. “I could tell even then that the future of technology was bright and that I wanted to make a career out of it. After coming across ITWorks, I knew it was the right time to open that door for my education. After being recommended by a friend and seeing the immediate growth in him due to the program, I applied with the exact same expectation for myself. ITWorks prepared me with the foundational pieces to build on a successful career. I will be able to utilize these skills early in my career.”

ITWorks is a 16-week technology training program that provides young adults who experience barriers to affordable education and gainful employment free IT training. Students can earn a professional certification in IT and an internship working with leading corporations and nonprofits.

Since the technology program’s launch in 2011, ITWorks has served more than 498 students, including 184 in Delaware. So far, more than 350 graduates of the program have secured jobs.

Tech Impact’s workforce development programs collectively serve more than 160 people each year. Learn more about ITWorks at TechImpact.org.

Connect with @Navient on FacebookTwitter, LinkedIn and Medium.

About Navient
Navient (Nasdaq: NAVI) is a leader in education loan management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. The company helps its clients and millions of Americans achieve financial success through services and support. Headquartered in Wilmington, Delaware, Navient also employs team members in western New York, northeastern Pennsylvania, Indiana, Tennessee, Texas, Virginia, Wisconsin and other locations. Learn more at Navient.com.

Contact:

Media: Brianna Huff, 302-283-2973, brianna.huff@navient.com

NAVICF

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© GlobeNewswire 2019
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Financials ($)
Sales 2019 1 158 M
EBIT 2019 823 M
Net income 2019 469 M
Debt 2019 -
Yield 2019 4,96%
P/E ratio 2019 6,53
P/E ratio 2020 6,40
Capi. / Sales 2019 2,68x
Capi. / Sales 2020 2,93x
Capitalization 3 101 M
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 16,0 $
Spread / Average Target 23%
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Managers
NameTitle
John F. Remondi President, Chief Executive Officer & Director
William M. Diefenderfer Chairman
Christian Mark Lown Chief Financial Officer & Executive Vice President
Patricia M. Lawicki Chief Information Officer & Executive VP
Jane J. Thompson Independent Director
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