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As filed with the Securities and Exchange Commission on August 9,
2019</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Registration
No.&#xA0;333-&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
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&#xA0;&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 16px">
UNITED STATES</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 16px">
SECURITIES AND EXCHANGE COMMISSION</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
Washington, D.C. 20549</font><font style="color: #000000">&#xA0;</font></font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 16px">
FORM S-8</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 16px">
REGISTRATION STATEMENT</font></div>
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Under</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
the Securities Act of 1933</font> <font style="color: #000000"><br></font></font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 24px">
NAVIENT CORPORATION</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000; font-size: 13px">
(Exact Name of Registrant as Specified in its Charter)</font>
<font style="color: #000000"><br></font></font></div>

<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Delaware</font></div>
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</td>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
123 Justison Street</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Wilmington, Delaware 19801</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
46-4054283</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(State or Other Jurisdiction of</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Incorporation or Organization)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(Address&#xA0;of&#xA0;Principal&#xA0;Executive&#xA0;Offices)&#xA0;(Zip&#xA0;Code)</font></div>
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(I.R.S. Employer</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Identification No.)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
NAVIENT CORPORATION EMPLOYEE STOCK PURCHASE PLAN</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
(Full title of plan)</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Mark L. Heleen</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Chief Legal Officer and Corporate Secretary</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
123 Justison Street</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Wilmington, Delaware 19801</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
(302) 283-8000</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
(Name, Address and Telephone Number, Including Area Code, of Agent
for Service)</font></div>
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Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer,
or a smaller reporting company. See the definitions of &#x201C;large
accelerated filer,&#x201D; &#x201C;accelerated filer&#x201D; and
&#x201C;smaller reporting company&#x201D; in Rule 12b-2 of the
Exchange Act.</font><font style="color: #000000">&#xA0;</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Large&#xA0;accelerated&#xA0;filer</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<font style="font-size: 13px">&#x2612;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Accelerated&#xA0;filer</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Non-accelerated
filer</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x2610;&#xA0;&#xA0;(Do
not check if a smaller reporting company)</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Smaller&#xA0;reporting&#xA0;company</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 2%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px">&#x2610;</font></div>
</td>
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<td style="vertical-align: bottom; width: 19%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 26%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 2%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<td style="vertical-align: bottom; width: 19%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Emerging
Growth company</font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 2%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px">&#x2610;</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 7(a)(2)(B) of the Securities
Act.</font> <font style="color: #000000">&#x2610;</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
CALCULATION OF REGISTRATION FEE</font></div>
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Title of Securities</font></div>
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to be Registered</font></div>
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Amount</font></div>
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to be</font></div>
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Registered (1)</font></div>
</td>
<td style="vertical-align: bottom; width: 1%; border-left: 0.5pt solid rgb(0, 0, 0); border-top: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 0.5pt solid rgb(0, 0, 0); border-top: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Proposed</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Maximum</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Offering Price</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
per&#xA0;Share (2)</font></div>
</td>
<td style="vertical-align: bottom; width: 1%; border-left: 0.5pt solid rgb(0, 0, 0); border-top: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 0.5pt solid rgb(0, 0, 0); border-top: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Proposed</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Maximum Aggregate Offering&#xA0;Price (2)</font></div>
</td>
<td style="vertical-align: bottom; width: 1%; border-left: 0.5pt solid rgb(0, 0, 0); border-top: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.5pt 0.5pt 2px;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Amount of Registration Fee (2)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 48%; border-left: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: -24px">
<font style="font-family: Times New Roman; font-size: 13px">Common
Stock, par value $0.01</font></div>
</td>
<td style="vertical-align: bottom; width: 1%; border-left: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">2,000,000</font></div>
</td>
<td style="vertical-align: bottom; width: 1%; border-left: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$13.15</font></div>
</td>
<td style="vertical-align: bottom; width: 1%; border-left: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$26,310,000</font></div>
</td>
<td style="vertical-align: bottom; width: 1%; border-left: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 0.5pt solid rgb(0, 0, 0); border-right: 0.5pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$3,188.77</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 5px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="display: table-cell; width: 36px;"><font style="font-family: Times New Roman; font-size: 13px">(1)</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Consists
of 2,000,000 additional shares of common stock, par value $0.01 per
share, that may be issued under the Navient Corporation Employee
Stock Purchase Plan (the &#x201C;ESPP&#x201D;) pursuant to an
amendment and restatement to the ESPP that became effective April
4, 2019. Pursuant to Rule 416 under the Securities Act of 1933, as
amended, this Registration Statement covers, in addition to the
number of shares stated above, an indeterminate number of shares
that may be subject to grant or otherwise issuable after the
operation of any stock dividend, stock split, recapitalization or
other similar transactions effected without receipt of
consideration that increases the number of the Registrant&#x2019;s
outstanding shares of Common Stock.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="display: table-cell; width: 36px;"><font style="font-family: Times New Roman; font-size: 13px">(2)</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Estimated
solely for the purpose of calculating the registration fee, based,
in accordance with Rule 457(c) and Rule 457(h) under the Securities
Act. The offering price per share and the aggregate offering price
are based upon the average of the high and low prices of the
Registrant&#x2019;s Common Stock as reported on the NASDAQ Global
Select Market on August 5, 2019.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 10"><br>
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
EXPLANATORY NOTE</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">This Registration Statement on Form S-8 is being
filed by Navient Corporation (the &#x201C;Registrant&#x201D;) for the
purpose of registering the offer and sale of an additional
2,000,000 shares of Common Stock&#xA0;$0.01 par value per share
(the &#x201C;Common Stock&#x201D;) pursuant to the ESPP. The ESPP
became effective on April 4, 2019 and was approved by the
Registrant&#x2019;s stockholders on June 6, 2019. This Registration
Statement incorporates by reference the contents of the
Registration Statement on&#xA0;Form S-8&#xA0;filed by the
Registrant on</font> <font style="text-decoration: underline; color: #0563C1">August 16,
2017</font><font style="color: #000000">, except for Item 8,
Exhibits, which has been updated and included herein. This
Registration Statement relates to securities of the same class as
that to which the 2017 Registration Statement relates and is
submitted in accordance with General Instruction E to Form S-8
regarding registration of additional
securities.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
PART II</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="_Hlk15564661"><!--anchor--></a></font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
3.</font> <font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Incorporation
of Documents by Reference.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
following documents filed by the Registrant with the Securities and
Exchange Commission are incorporated by reference into this
Registration Statement:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(a) Navient&#x2019;s Annual Report on Form 10-K for
the fiscal years ended December&#xA0;31, 2017 filed on</font>
<font style="text-decoration: underline; color: #0563C1">February
26, 2018</font> <font style="color: #000000">and December 31, 2018
filed on</font> <font style="text-decoration: underline; color: #0563C1">February 26,
2019</font><font style="color: #000000">;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(b) Navient&#x2019;s Quarterly Reports on Form 10-Q
for the quarterly period ended September 30, 2017 filed on</font>
<font style="text-decoration: underline; color: #0563C1">October
27, 2017</font><font style="color: #000000">, March 31, 2018 filed
on</font> <font style="text-decoration: underline; color: #0563C1">May 2,
2018</font><font style="color: #000000">, June 30, 2018 filed
on</font> <font style="text-decoration: underline; color: #0563C1">August 3,
2018</font><font style="color: #000000">, September 30, 2018 filed
on</font> <font style="text-decoration: underline; color: #0563C1">November 2,
2018</font><font style="color: #000000">, March 31, 2019 filed
on</font> <font style="text-decoration: underline; color: #0563C1">May 3,
2019</font><font style="color: #000000">, and June 30, 2019 filed
on</font> <font style="text-decoration: underline; color: #0563C1">August 2,
2019</font><font style="color: #000000">,</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#xA0;(c) Navient&#x2019;s Current Report(s) filed
on Form 8-K filed on</font> <font style="text-decoration: underline; color: #0563C1">October 4,
2017</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">October 17,
2017</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">October 30,
2017</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">November 27,
2017</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">December 4,
2017</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">January 23,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">February 27,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">April 2,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">April 5,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">April, 9,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">April 24,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">May 3,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">May 4,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">May 23,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">May 25,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">May 30,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">June 11,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">July 20,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">July 24,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">August 6,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">August 9,
2019</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">October 23,
2019</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">November 5,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">November 21,
2018</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">January 22,
2019</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">February 19,
2019</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">February 26,
2019</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">April 23,
2019</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">May 3,
2019</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">May 6,
2019</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">June 10,
2019</font><font style="color: #000000">,</font> <font style="text-decoration: underline; color: #0563C1">July 23,
2019</font><font style="color: #000000">, and</font> <font style="text-decoration: underline; color: #0563C1">August 5,
2019</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(d) Navient&#x2019;s 2018 Definitive Proxy
Statement on Schedule 14A filed on</font> <font style="text-decoration: underline; color: #0563C1">April&#xA0;13,
2018</font><font style="color: #000000">; and Navient&#x2019;s 2019
Definitive Proxy Statement on Schedule 14A filed on</font>
<font style="text-decoration: underline; color: #0563C1">April 30,
2019</font><font style="color: #000000">, as amended on</font>
<font style="text-decoration: underline; color: #0563C1">May 8,
2019</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(e) The description of Navient&#x2019;s Common
Stock contained in Navient&#x2019;s Information Statement, filed as
Exhibit 99.1 to the Registration Statement on Form&#xA0;10,
initially filed on</font> <font style="text-decoration: underline; color: #0563C1">December&#xA0;6,
2013</font><font style="color: #000000">, as amended by Amendment
No.&#xA0;1 on</font> <font style="text-decoration: underline; color: #0563C1">February&#xA0;7,
2014</font><font style="color: #000000">, Amendment No.&#xA0;2
on</font> <font style="text-decoration: underline; color: #0563C1">February&#xA0;28,
2014</font><font style="color: #000000">, Amendment No.&#xA0;3
on</font> <font style="text-decoration: underline; color: #0563C1">March&#xA0;27,
2014</font> <font style="color: #000000">and Amendment No.&#xA0;4
on</font> <font style="text-decoration: underline; color: #0563C1">April&#xA0;10,
2014</font><font style="color: #000000">, including any amendment
or report filed for the purpose of updating such
description.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">All
documents, reports and definitive proxy or information statements
filed by Navient pursuant to Sections 13(a), 13(c), 14 and 15(d) of
the Exchange Act (other than Current Reports furnished under
Item&#xA0;2.02 or Item&#xA0;7.01 of Form 8-K and exhibits furnished
on such form that relate to such items) on or after the date of
this Registration Statement and prior to the filing of a
post-effective amendment to this Registration Statement that
indicates that all securities offered have been sold or that
deregisters all securities then remaining unsold shall be deemed to
be incorporated by reference in this Registration Statement and to
be part hereof from the date of filing of such documents. Any
statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any subsequently
filed document that also is deemed to be incorporated by reference
herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration
Statement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 10"><br>
</font></div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
8.</font> <font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Exhibits.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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&#xA0;</font></div>
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<tr>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
No.</font> <font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 89%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Description</font> <font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 10%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;<a href="navi_4-1.htm">4.1</a>*</font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 89%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Navient
Corporation Employee Stock Purchase Plan.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 89%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 10%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;<a href="navi_ex5-1.htm">5.1</a>*</font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 89%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Opinion
of Mark L. Heleen</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 89%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 10%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a href="navi_ex5-1.htm">
23.1</a>*</font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 89%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Consent
of Mark L. Heleen (included in Exhibit 5.1).</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 89%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 10%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a href="navi_23-2.htm">
23.2</a>*</font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 89%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Consent
of KPMG LLP</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 89%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 10%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a href="#poa">
24.1</a>*</font></div>
</td>
<td style="width: 1%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 89%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Power
of Attorney (included on the signature page hereof).</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">*</font>
<font style="font-family: Times New Roman; font-size: 13px">Filed
herewith</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 10"><br>
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Act, the registrant certifies
that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in Wilmington, Delaware, on
August 9, 2019.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<tr>
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-family: Times New Roman; font-size: 13px">Navient
Corporation</font></div>
</td>
<td rowspan="1" style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 50%; border-bottom: medium solid rgb(255, 255, 255);">
<br></td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ <font style="font-family: Times New Roman; font-size: 13px">John F.
Remondi</font></font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">Name:&#xA0;&#xA0;<br>
</font></div>
</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">John (Jack) F.
Remondi</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">Title:&#xA0;&#xA0;<br>
</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Chief Executive
Officer</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<br>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<a name="poa">P</a>OWER OF ATTORNEY</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
person whose signature appears below constitutes and appoints John
F. Remondi, Christian M. Lown and Mark L. Heleen and, and each of
them, as his or her true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him or her
and in his or her name, place and stead, in any and all capacities,
to sign any and all amendments to this registration statement
(including all pre-effective and post-effective amendments and
registration statements filed pursuant to Rule 462 under the
Securities Act), and to file the same with all exhibits thereto,
and other documents in connection therewith, with the Commission,
granting unto said attorney-in-fact and agent full power and
authority to do and perform each act and thing requisite and
necessary to be done, as fully to all intents and purposes as he or
she might or could do in person, hereby ratifying and confirming
all that said attorney-in-fact and agent, or his or her substitute
or substitutes, may lawfully do or cause to be done by virtue
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Exchange Act, this report has been
signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 28%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Signature</font></div>
</td>
<td style="vertical-align: top; width: 6%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 39%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Title</font></div>
</td>
<td style="vertical-align: top; width: 27%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Date</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 28%; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ John F. Remondi</font></div>
</td>
<td style="vertical-align: top; width: 6%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 39%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Chief Executive Officer, Director</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 28%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
John (Jack) Remondi</font></div>
</td>
<td style="vertical-align: top; width: 6%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 39%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
(Principal Executive Officer)</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 28%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 6%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 39%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Christian M. Lown</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Chief Financial Officer</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
</td>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Christian M. Lown</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
(Principal Financial Officer and Principal Accounting
Officer)</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Linda A. Mills</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Linda A. Mills</font></div>
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</td>
<td style="vertical-align: top; width: 39%">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Chair of the Board of Directors</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Frederick Arnold</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Frederick Arnold</font></div>
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</td>
<td style="vertical-align: top; width: 39%">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Director</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Marjorie L. Bowen</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Marjorie L. Bowen</font></div>
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</td>
<td style="vertical-align: top; width: 39%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Director</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
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</td>
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<td style="vertical-align: top; width: 28%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Anna Escobedo Cabral</font></div>
</td>
<td style="vertical-align: top; width: 6%">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Anna Escobedo Cabral</font></div>
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</td>
<td style="vertical-align: top; width: 39%">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Director</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
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<td style="vertical-align: top; width: 28%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Larry A. Klane</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Larry A. Klane</font></div>
</td>
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</td>
<td style="vertical-align: top; width: 39%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Director</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
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<td style="vertical-align: top; width: 28%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Katherine A. Lehman</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Katherine A. Lehman</font></div>
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</td>
<td style="vertical-align: top; width: 39%">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Director</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Jane J. Thompson</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Jane J. Thompson</font></div>
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</td>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Director</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ Laura S. Unger</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Laura S. Unger</font></div>
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</td>
<td style="vertical-align: top; width: 39%">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Director</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
/s/ David L. Yowan</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
David L. Yowan</font></div>
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</td>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Director</font></div>
</td>
<td style="vertical-align: bottom; width: 27%">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
August 8, 2019</font></div>
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[{"type": "S-8", "sequence": "1", "filename": "navi_s-8.htm", "description": "FORM S-8", "secsgml_size_bytes": 90150}]
{"company-data": {"conformed-name": "NAVIENT CORP", "cik": "0001593538", "assigned-sic": "6211", "irs-number": "464054283", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-233188", "film-number": "191013222"}, "business-address": {"street1": "123 JUSTISON STREET", "street2": "SUITE 300", "city": "WILMINGTON", "state": "DE", "zip": "19801", "phone": "302-283-8000"}, "mail-address": {"street1": "123 JUSTISON STREET", "street2": "SUITE 300", "city": "WILMINGTON", "state": "DE", "zip": "19801"}, "former-company": {"former-conformed-name": "New Corp", "date-changed": "20131205"}}
Blueprint
As filed with the Securities and Exchange Commission on August 9,
2019
Registration
No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
the Securities Act of 1933
NAVIENT CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware
123 Justison Street
Wilmington, Delaware 19801
46-4054283
(State or Other Jurisdiction of
Incorporation or Organization)
(Address of Principal Executive Offices) (Zip Code)
(I.R.S. Employer
Identification No.)
NAVIENT CORPORATION EMPLOYEE STOCK PURCHASE PLAN
(Full title of plan)
Mark L. Heleen
Chief Legal Officer and Corporate Secretary
123 Justison Street
Wilmington, Delaware 19801
(302) 283-8000
(Name, Address and Telephone Number, Including Area Code, of Agent
for Service)
Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer,
or a smaller reporting company. See the definitions of "large
accelerated filer," "accelerated filer" and
"smaller reporting company" in Rule 12b-2 of the
Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated
filer
☐  (Do
not check if a smaller reporting company)
Smaller reporting company
☐
Emerging
Growth company
☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 7(a)(2)(B) of the Securities
Act.
☐
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered
Amount
to be
Registered (1)
Proposed
Maximum
Offering Price
per Share (2)
Proposed
Maximum Aggregate Offering Price (2)
Amount of Registration Fee (2)
Common
Stock, par value $0.01
2,000,000
$13.15
$26,310,000
$3,188.77
(1)
Consists
of 2,000,000 additional shares of common stock, par value $0.01 per
share, that may be issued under the Navient Corporation Employee
Stock Purchase Plan (the "ESPP") pursuant to an
amendment and restatement to the ESPP that became effective April
4, 2019. Pursuant to Rule 416 under the Securities Act of 1933, as
amended, this Registration Statement covers, in addition to the
number of shares stated above, an indeterminate number of shares
that may be subject to grant or otherwise issuable after the
operation of any stock dividend, stock split, recapitalization or
other similar transactions effected without receipt of
consideration that increases the number of the Registrant's
outstanding shares of Common Stock.
(2)
Estimated
solely for the purpose of calculating the registration fee, based,
in accordance with Rule 457(c) and Rule 457(h) under the Securities
Act. The offering price per share and the aggregate offering price
are based upon the average of the high and low prices of the
Registrant's Common Stock as reported on the NASDAQ Global
Select Market on August 5, 2019.
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being
filed by Navient Corporation (the "Registrant") for the
purpose of registering the offer and sale of an additional
2,000,000 shares of Common Stock $0.01 par value per share
(the "Common Stock") pursuant to the ESPP. The ESPP
became effective on April 4, 2019 and was approved by the
Registrant's stockholders on June 6, 2019. This Registration
Statement incorporates by reference the contents of the
Registration Statement on Form S-8 filed by the
Registrant on
August 16,
2017
, except for Item 8,
Exhibits, which has been updated and included herein. This
Registration Statement relates to securities of the same class as
that to which the 2017 Registration Statement relates and is
submitted in accordance with General Instruction E to Form S-8
regarding registration of additional
securities.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item
3.
Incorporation
of Documents by Reference.
The
following documents filed by the Registrant with the Securities and
Exchange Commission are incorporated by reference into this
Registration Statement:
(a) Navient's Annual Report on Form 10-K for
the fiscal years ended December 31, 2017 filed on
February
26, 2018
and December 31, 2018
filed on
February 26,
2019
;
(b) Navient's Quarterly Reports on Form 10-Q
for the quarterly period ended September 30, 2017 filed on
October
27, 2017
, March 31, 2018 filed
on
May 2,
2018
, June 30, 2018 filed
on
August 3,
2018
, September 30, 2018 filed
on
November 2,
2018
, March 31, 2019 filed
on
May 3,
2019
, and June 30, 2019 filed
on
August 2,
2019
,
(c) Navient's Current Report(s) filed
on Form 8-K filed on
October 4,
2017
,
October 17,
2017
,
October 30,
2017
,
November 27,
2017
,
December 4,
2017
,
January 23,
2018
,
February 27,
2018
,
April 2,
2018
,
April 5,
2018
,
April, 9,
2018
,
April 24,
2018
,
May 3,
2018
,
May 4,
2018
,
May 23,
2018
,
May 25,
2018
,
May 30,
2018
,
June 11,
2018
,
July 20,
2018
,
July 24,
2018
,
August 6,
2018
,
August 9,
2019
,
October 23,
2019
,
November 5,
2018
,
November 21,
2018
,
January 22,
2019
,
February 19,
2019
,
February 26,
2019
,
April 23,
2019
,
May 3,
2019
,
May 6,
2019
,
June 10,
2019
,
July 23,
2019
, and
August 5,
2019
.
(d) Navient's 2018 Definitive Proxy
Statement on Schedule 14A filed on
April 13,
2018
; and Navient's 2019
Definitive Proxy Statement on Schedule 14A filed on
April 30,
2019
, as amended on
May 8,
2019
.
(e) The description of Navient's Common
Stock contained in Navient's Information Statement, filed as
Exhibit 99.1 to the Registration Statement on Form 10,
initially filed on
December 6,
2013
, as amended by Amendment
No. 1 on
February 7,
2014
, Amendment No. 2
on
February 28,
2014
, Amendment No. 3
on
March 27,
2014
and Amendment No. 4
on
April 10,
2014
, including any amendment
or report filed for the purpose of updating such
description.
All
documents, reports and definitive proxy or information statements
filed by Navient pursuant to Sections 13(a), 13(c), 14 and 15(d) of
the Exchange Act (other than Current Reports furnished under
Item 2.02 or Item 7.01 of Form 8-K and exhibits furnished
on such form that relate to such items) on or after the date of
this Registration Statement and prior to the filing of a
post-effective amendment to this Registration Statement that
indicates that all securities offered have been sold or that
deregisters all securities then remaining unsold shall be deemed to
be incorporated by reference in this Registration Statement and to
be part hereof from the date of filing of such documents. Any
statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any subsequently
filed document that also is deemed to be incorporated by reference
herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration
Statement.
Item
8.
Exhibits.
Exhibit
No.
Description
4.1
*
Navient
Corporation Employee Stock Purchase Plan.
5.1
*
Opinion
of Mark L. Heleen
23.1
*
Consent
of Mark L. Heleen (included in Exhibit 5.1).
23.2
*
Consent
of KPMG LLP
24.1
*
Power
of Attorney (included on the signature page hereof).
*
Filed
herewith
SIGNATURES
Pursuant
to the requirements of the Securities Act, the registrant certifies
that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in Wilmington, Delaware, on
August 9, 2019.
Navient
Corporation
By:
/s/
John F.
Remondi
Name:
John (Jack) F.
Remondi
Title:
Chief Executive
Officer
P
OWER OF ATTORNEY
Each
person whose signature appears below constitutes and appoints John
F. Remondi, Christian M. Lown and Mark L. Heleen and, and each of
them, as his or her true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him or her
and in his or her name, place and stead, in any and all capacities,
to sign any and all amendments to this registration statement
(including all pre-effective and post-effective amendments and
registration statements filed pursuant to Rule 462 under the
Securities Act), and to file the same with all exhibits thereto,
and other documents in connection therewith, with the Commission,
granting unto said attorney-in-fact and agent full power and
authority to do and perform each act and thing requisite and
necessary to be done, as fully to all intents and purposes as he or
she might or could do in person, hereby ratifying and confirming
all that said attorney-in-fact and agent, or his or her substitute
or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant
to the requirements of the Exchange Act, this report has been
signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.
Signature
Title
Date
/s/ John F. Remondi
Chief Executive Officer, Director
August 8, 2019
John (Jack) Remondi
(Principal Executive Officer)
/s/ Christian M. Lown
Chief Financial Officer
August 8, 2019
Christian M. Lown
(Principal Financial Officer and Principal Accounting
Officer)
/s/ Linda A. Mills
Linda A. Mills
Chair of the Board of Directors
August 8, 2019
/s/ Frederick Arnold
Frederick Arnold
Director
August 8, 2019
/s/ Marjorie L. Bowen
Marjorie L. Bowen
Director
August 8, 2019
/s/ Anna Escobedo Cabral
Anna Escobedo Cabral
Director
August 8, 2019
/s/ Larry A. Klane
Larry A. Klane
Director
August 8, 2019
/s/ Katherine A. Lehman
Katherine A. Lehman
Director
August 8, 2019
/s/ Jane J. Thompson
Jane J. Thompson
Director
August 8, 2019
/s/ Laura S. Unger
Laura S. Unger
Director
August 8, 2019
/s/ David L. Yowan
David L. Yowan
Director
August 8, 2019