Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Contact

Charity Jackson (202) 637-5018

Press Release

AFL-CIO Challenges Navient Corporation to Disclose Its Lobbying Spending

AFL-CIO Shareholder Proposal
WASHINGTON -

Today the AFL-CIO demanded that student loan debt servicer Navient disclose its corporate spending on lobbying activity. The labor federation delivered a proposal during Navient’s annual shareholder meeting calling on the company to disclose all of its lobbying efforts and expenditures.  

Navient, the student loan servicing company that was spun off from Sallie Mae, has been subject to past scrutiny by government regulators for its compliance with student loan rules. The company funds lobbying activities that touch elected officials at the federal and local level but has refused to disclose how much money is spent on such efforts.

“Too many working people have been saddled with an intimidating amount of student loans that prevent them from achieving economic security,” said AFL-CIO Secretary-Treasurer Liz Shuler. “Navient needs to be completely transparent about its lobbying activities on the rules that protect student borrowers.”

The proposal delivery comes on the same day that the AFL-CIO concludes its second annual Borrowers Hotline. The Hotline, which is run in conjunction with Student Debt Crisis and received hundreds of calls over the course of its three-day run, provides a toll-free way for current and former students to dial-in and get information about their rights and information about applying for government programs.

To learn more about Navient’s lobbying practices, click here.

###

AFL-CIO Logo

The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) works tirelessly to improve the lives of working people. We are the democratic, voluntary federation of 56 national and international labor unions that represent 12.5 million working men and women.

Progressive International Convenes Global Summit to Achieve Vaccines for All

The virtual gathering aims to foster "vaccine internationalism" and cooperation to put human lives over corporate greed.

Andrea Germanos, staff writer ·


'There Is No Excuse': Amnesty Slams Biden Over Skyrocketing ICE Detentions and 400,000+ Expulsions

"Nearly half a year in, the administration has still not delivered on change that has not only been promised, but is of the utmost urgency."

Kenny Stancil, staff writer ·


After Campaigning Against Death Penalty, Biden Admin Seeks Execution of Boston Marathon Bomber

Advocates say the president could eliminate the use of the death penalty by commuting all federal death row sentences.

Julia Conley, staff writer ·


Led by Sanders, Senate Dems Weigh $6 Trillion Infrastructure Bill as Bipartisan Talks Fail on Climate

"The Republican Party has made clear that they are not prepared to stand up for the American people and address the many crises facing working families today. We can get to work without them."

Jake Johnson, staff writer ·


Progressive Warnings Grow as Big Oil-Backed Republicans Endorse Bipartisan Infrastructure Framework

"The Senate GOP members participating in these talks on infrastructure have accepted a career total of $15,896,919 in campaign contributions from oil and gas companies."

Jake Johnson, staff writer ·