The $ 155 million acquisition of Navient shows the importance of being serious

“We will develop and deliver consumer-oriented educational loan products for the digital age.”

US asset management company Navient will acquire education finance company Earnest for $ 155 million in cash to help them enter new markets.

As part of Navient, Earnest will continue to be a “separate brand” and will be led by its current management team, including founders Louis Beryl and Ben Hutchinson. According to Navient, Earnest customers will continue to receive the same prices and …

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