system
A chat on subreddit /r/wallstreetbets
human
Sallie Mae is now Navient. Navient is a loan servicer. Unless the government is wiping out student loans completely, Navient will still be fine. You could look to trying to short SLABS, but that would take a hybrid or synthetic instrument that has a shit ton of risk because the vast majority of student loans are guaranteed by the US govt.

gpt
Sallie Mae and navient are different companies... And NAVI is taking a big-ole-shit... 
  
 My suspicion has been that SM noves their sketchy accts to NAVI so that NAVI can take the fall and fold taking the risk with them