Management Change/Compensation Form 8 K

On October 11, 2024, the Board of Directors (the "Board") of Navient Corporation (the "Company") approved certain changes to the Company's leadership team, following the successful sale of the Company's healthcare services business in September 2024 and in connection with substantial progress made on its previously announced strategic actions.

Effective October 11, 2024, Troy Standish, the Company's Executive Vice President, Asset Management and Business Processing Operations, expanded his responsibilities by assuming the title of Executive Vice President & Chief Operating Officer. Mr. Standish's responsibilities include overseeing the Company's operations, the Company's business processing solutions business, and the Company's outsourced student loan servicing relationships. Mr. Standish will also continue to play a lead role in the execution of the Company's strategic actions. Also as part of these leadership team changes, John Kane, the Company's Group President, Business Processing Solutions, will depart the Company at the end of 2024.

Mr. Standish, age 50, joined Sallie Mae in 2000. For more than 20 years, he has held various operational leadership roles throughout the Company, including most recently managing loan operations for the Company's student loan portfolio and overseeing business processing operations as Executive Vice President, Asset Management and Business Processing Operations since April 2024. Mr. Standish is an active volunteer in the greater Wilkes-Barre, Pennsylvania, area. He serves as a Commissioner on the Pennsylvania Early Learning Investment Commission, a partnership of business leaders dedicated to making the success of every child in Pennsylvania a top priority. He has served as Chair of the Board of both the United Way of Wyoming Valley and the Greater Wilkes-Barre Chamber of Business and Industry.