Navient receives Financial Education Innovation Award
April 07 2016 - 10:31AM
Navient, the nation’s leading loan management, servicing and asset
recovery company, was honored yesterday with the Innovation in
Financial Education Award presented by Nasdaq and EverFi. The award
recognizes Navient’s significant efforts to improve the financial
capability of Americans through unique digital learning
initiatives. Thirty-five institutions were honored at a ceremony
hosted on April 6 at Nasdaq Marketsite in New York City.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/45191328-1726-44df-8387-ac6da4bc8c6b
Honorees were selected based on a set of criteria that included
the scale and reach of their financial education initiatives, the
duration of their commitment, and unique employee volunteering
activities that supplement their programs.
“Helping students and adults develop a foundation of financial
understanding and capability is absolutely critical,” said EverFi
Founder and CEO Tom Davidson. “The organizations we’re recognizing
here today are tackling this issue head on and taking positive
steps to prepare millions of individuals with the critical
financial management skills needed to move our country
forward.”
Navient is committed to providing financial education to help
customers be successful. Navient has partnered with education
technology company EverFi to launch Path to Success, an online
series to help individuals develop the skills needed to make sound
financial decisions.
The mobile-friendly platform features several 10-minute
interactive videos that cover a range of topics, including:
budgets, career planning, credit scores, military education loan
benefits, student loan repayment options, interest rates, and
savings and investments. Free of charge and available to the
public, the web-based program brings financial concepts to life for
today’s digital generation.
A majority of young adults are tech-savvy and view smartphones,
tablets and computers as necessities of life (66%, compared to 29%
who view these items as luxuries and 5% who view them as
unnecessary), according to Money Under 35, a new study conducted by
Navient and the global market research company Ipsos. The study
found tech-savvy individuals indicate a higher level of financial
savvy as well; they are more likely to know their current credit
score (63%, compared to 59% of those who view tech as a luxury and
40% of those who view tech as unnecessary).
To access the full series, visit navient.com/path. Connect with
@Navient on Facebook, Twitter and LinkedIn.
About Navient
As the nation’s leading loan management, servicing and asset
recovery company, Navient (Nasdaq:NAVI) helps customers navigate
the path to financial success. Servicing more than $300 billion in
student loans, the company supports the educational and economic
achievements of more than 12 million Americans. A growing number of
government and higher education clients rely on Navient for proven
solutions to meet their financial goals. Learn more at
navient.com.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables customers to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first electronic
stock market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to more than 3,700 listed companies with a market
value of approximately $9.6 trillion and nearly 10,000 corporate
clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
About EverFi
EverFi, Inc. is the leading education technology company focused
on teaching, assessing, and certifying K-12 and college students in
the critical skills they need for life. The company teams with
major corporations and foundations to provide the programs at no
cost to K-12 schools. Some of America’s leading CEOs and venture
capital firms are EverFi investors including Amazon founder and CEO
Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric
Schmidt. Learn more at everfi.com.
Contact:
Media: Nikki Lavoie, nikki.lavoie@navient.com, 302-283-4057
Customers: 888-272-5543
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