Investor Presentaiton
Quarterly CPR*
Navient Consolidation Loan Prepayments
.
CPRs for Consolidation ABS trusts declined significantly following legislation effective in
2006 that prevented in-school and re-consolidation of borrowers' loans
• Higher prepayment activity in mid 2012 was related to the short term availability of the
Special Direct Consolidation Loan program
25%
20%
15%
10%
5%
0%
-5%
2Q2004
2Q2005
Historical Consolidation ABS CPRS by Issuance Vintage
2Q2006
2Q2007
2Q2008
2Q2009
2Q2010
2Q2011
2Q2012
2Q2013
2Q2014
2Q2015
2Q2016
2Q2017
2Q2018
2Q2019
2Q2020
* Quarterly CPR assumes School and Grace loans are not scheduled to make payments. Deferment, Forbearance and Repayment loans are scheduled to make payments.
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2002
2003
2004
2005
2006
-2007
2009
2011
2012
-2014
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