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Investor Presentaiton

2020 Financing and Capital Management Capital Management Financing ✓ Committed to returning excess capital to shareholders Returned $523 million through dividends and share repurchases Total remaining share repurchase authority of $600 million 1 ✓ Pro Forma Adjusted Tangible Equity Ratio (ATE) 2 of 7.1% ✓ Reduced unsecured debt by $1.1 billion year over year ✓ Issued $6.3 billion of Private Education Loan ABS transactions in 2020 • Issued 2 Private Education Loan ABS transactions in the Q4 20 for $1.6 billion On January 19, priced 2021-A, at pre- COVID funding spreads for $818 million Issued 2 FFELP ABS transactions for $1.5 billion in 2020 ✓ Continued improvement in enhancement funding on our high-quality assets has increased financing efficiency and reduced. our reliance on higher-cost funding 1 As of 12/31/2020. 2 Item is a non-GAAP financial measure. See pages 49-51 for a description and reconciliation. ©2021 Navient Solutions, LLC. All rights reserved. ||| 13
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