Navient reported strong Q3 2025 results driven by record loan origination, effective expense reductions, and an increase in expected life of loan cash flows, despite challenges in regulatory and restructuring costs.

• Core EPS of $0.29 reflects strong performance amidst changes in assumptions and one-time charges.
• Record origination of approximately $800 million, including a significant $528 million in refinance loans, showcasing robust credit quality.
• Achieved early completion of strategic expense reduction targets, exceeding the initial goal of $400 million run-rate reductions.
• Updated cash flow projections led to a $195 million increase in expected life of loan cash flows, driven by lower prepayment rates and revised default assumptions.
• Authorized a new $100 million share repurchase plan to enhance shareholder value.