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Investor Presentaiton

Private Education Loan ABS Issuance Characteristics Private Education Loan ABS Transaction Features • Issue size of $500M+ • Senior and subordinate notes . • Amortizing tranches with 1 to 10 year average lives • Fixed rate and floating rate securities Compliant with U.S. risk retention and, depending on the transaction, with European risk retention • Navient Solutions, LLC is master servicer • Collateral Characteristics Collateralized by loans made to students and parents to fund college tuition, room and board - Seasoned assets benefiting from proven payment history - Refi assets with strong credit factors including high FICO scores, income, and ability to pay Underwritten using a combination of FICO, custom scorecard & judgmental criteria with risk based pricing, debt-to- income, household income, and free cash flow, as applicable © 2021 Navient Solutions, LLC. All rights reserved. III 28
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