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Shares of Navient Corp. NAVI, +1.94% climbed 1.6% in midday trading Thursday, after the student loan management company said it will pay $145 million as part of a settlement agreement with state attorneys general to resolve multistate litigation and investigations. The company said a portion of the payment will reimburse states for their costs while the rest will be used by states to provide payments for certain student loan borrowers.
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