Navient calls $175 million of student loans for redemption on Oct. 25

By Susanna Moon

Chicago, Aug. 30 – Navient Corp. said it exercised the call option for all of the remaining federally guaranteed student loans held by SLM Student Loan Trust 2004-4 and SLM Student Loan Trust 2004-7.

As a result, all $175 million of outstanding bonds will be repaid on Oct. 25, according to a notice.

Since Jan. 1, 2015, the company said it has exercised its call option on 14 trusts for $1.2 billion of bonds.

Also, Navient has extended the maturity dates on $6.8 billion of bonds from Navient-sponsored FFELP securitizations, the release added.

Navient is a loan management, servicing and asset recovery company based in Wilmington, Del.

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