Navient To Acquire Earnest For $155 Million

10/13/17

Quick Take

Education loan company Navient (NAVI) has announced an agreement to acquire Earnest for $155 million in an all-cash deal.

Earnest has created a platform that enables students to refinance their student loans at more favorable rates and terms.

Navient is acquiring Earnest to operate it as a distinct brand focused on younger student demographics.

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