Remondi also used the interview to defend Navient's successes with student loan
borrowers, saying it leads the industry in number and percentage of
borrowers who are enrolled in
income - driven repayment plans, has the lowest
level of severely delinquent
borrowers, and the lowest
level of defaults in the industry
at a rate that he says is 31 percent lower than peers.
«Often the most troublesome loans in an economic downturn are those made to higher -
income borrowers who suffer job losses, because of the comparative scarcity of replacement jobs
at that salary
level,» says Widener.