Investor Presentaiton

Lifetime Cash Flows Will Exceed Original Projections Navient's student loan portfolios continues to exceed expectations ($'s in Billions) 1 $21.9 Life of Loan Projections Q4 2017 Q4 2020 Total FFELP Cash Flows $12.7 $8.3 Total Private Education Cash Flows $15.3 $8.4 $14.0 $8.3 Net Cash Flow] Projection at Q4 2020 $13.7 Combined Cash Flows $28.0 $16.7 Q4 2017 Net Cash Flow Projection Unsecured Debt 2 Actual Cash Flows Since Q4 2017 $14.0 $8.4 Net Cash Flow $14.0 $8.3 Q4 2017 Q4 2020 1 Projections provided in Q4 2017 earnings presentation, published on January 24, 2018, available at Navient.com/investors. 2 Unsecured debt at par value. Net cash flows are equal to combined cash flows less unsecured debt at par. © 2021 Navient Solutions, LLC. All rights reserved. Note: These projections are based on internal estimates and assumptions and are subject to ongoing review and modification. These projections may prove to be incorrect. Note: Numbers may not add due to rounding. III 6

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