Treasurer Magaziner, Shareholders Clear Major Milestone in Fight to Hold Student Loan Giant Navient Accountable

May 2, 2018: Rhode Island General Treasurer Seth Magaziner is leading investors in demanding answers from the nation's largest student loan servicer about its role in the growing national student debt crisis after Navient unsuccessfully attempted to blocked shareholders from voting on his proposal by appealing to the U.S. Securities and Exchange Commission.

"The student loan crisis is threatening the financial security of millions of Americans," said Treasurer Magaziner. "It is our duty as shareholders to ensure that student loan servicers have a credible plan for how to address growing levels of debt and delinquency."

Shareholders will have the opportunity to vote on Treasurer Magaziner's proposal, which is item four on Navient's 2018 proxy statement, at the company's annual meeting on May 24, 2018 in Wilmington, Delaware.

You can read the press release here.