Student Loan Giant Navient Reaps Backdoor Federal Reserve Subsidy

Securities based on the student loans Navient owns are eligible for purchase through a Fed rescue program. Already $218 million has been scooped up.

by

TAP depends on your support

We’ve said it before: The greatest threat to democracy from the media isn’t disinformation, it’s the paywall. When you support The American Prospect, you’re supporting fellow readers who aren’t able to give, and countering the class system for information. Please, become a member, or make a one-time donation, today. Thank you!