Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. It holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program, as well as the servicing of Department of Education's Direct Loan Program. The company also provides servicing, asset recovery, and other business processing services to education-related and healthcare customers. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.