Navient Corporation shares rise 1.20% after-hours as NY Fed reports rise in student loan borrowing troubles.

Navient Corporation rose 1.20% in after-hours trading, following the New York Fed's report on rising student loan borrowing troubles. The report indicated that total household debt levels increased by $185 billion, or 1%, from the first quarter to $18.39 trillion, with a significant portion attributed to student loan borrowers facing credit challenges. This news likely influenced investor sentiment positively, as it may indicate potential growth opportunities for Navient Corporation in managing and servicing student loans.