0000000000-22-004672.txt : 20221104 0000000000-22-004672.hdr.sgml : 20221104 20220429143002 ACCESSION NUMBER: 0000000000-22-004672 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220429 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: NAVIENT CORP CENTRAL INDEX KEY: 0001593538 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 464054283 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 123 JUSTISON STREET STREET 2: SUITE 300 CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 302-283-8000 MAIL ADDRESS: STREET 1: 123 JUSTISON STREET STREET 2: SUITE 300 CITY: WILMINGTON STATE: DE ZIP: 19801 FORMER COMPANY: FORMER CONFORMED NAME: New Corp DATE OF NAME CHANGE: 20131205 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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end TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo April 29, 2022 Joe Fisher Chief Financial Officer NAVIENT CORP 123 Justison Street Wilmington, DE 19801 Re: NAVIENT CORP Form 10-K for the Fiscal Year Ended December 31, 2021 Filed February 25, 2022 File No. 001-36228 Dear Mr. Fisher: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the fiscal period ending December 31, 2021 Note 4. Allowance for Loan Losses, page F-27 1. We note your accounting policy on pages F-16 F-17 related to the allowance for loan losses. Please tell us how your allowance excluding expected recoveries on charged-off loans complies with the guidance in ASC 326-20-50-13 as amended by ASU 2019-04. 2. Tell us how your accounting for expected recoveries of amounts previously written off and expected to be written off complies with the guidance in ASC 326-20-30-1, including that it should not exceed the aggregate of amounts previously written off and expected to be written off. 3. Tell us how you considered Question 100.04 of Non-GAAP C&D s and Rule 100(b) of Regulation G as the allowance at the end of the period excluding expected future recoveries on charged-off loans appears to be a tailored accounting measurement. Joe Fisher NAVIENT CORP April 29, 2022 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Dave Irving at (202) 551-3321 or Michelle Miller at (202) 551- 3368 with any questions. FirstName LastNameJoe Fisher Sincerely, Comapany NameNAVIENT CORP Division of Corporation Finance April 29, 2022 Page 2 Office of Finance FirstName LastName