Investor Presentaiton
Navient Private Education Trusts
As of the respective cutoff dates for each transaction
2019-2021 YTD
Navient
Issuance Program
NAV NAV NAV
Bond Amount ($mil)
647
550
610
560
535
714
Initial AAA Enhancement (%)
14%
21%
12%
22%
13%
NAV NAV NAV NAV
NAV NAV NAV NAV NAV
19-A 19-B 19-C 19-D 19-E 19-F 19-G 20-A 20-B 20-C 20-D 20-E
498 620 712 546 808 499
9% 10% 23%
10% 24% 10%
NAV
NAV NAV NAV
NAV
20-F 20-G
20-H
20-1
21-A
781
786
995
604
818
10% 10%
8%
11%
18% 8%
Initial Enhancement (%)
5%
11%
4%
13%
5%
4%
4%
13% 4%
12%
3%
3%
3%
3%
4%
10% 3%
Loan Program (%)
Signature/Law/MBA/Med
0%
31%
0%
63%
0%
0%
0%
36%
0%
84%
0%
0%
0%
0%
0%
53%
0%
Smart Option
0%
24%
0%
11%
0%
0%
0%
52%
0%
0%
0%
0%
0%
0%
0%
31%
0%
Consolidation
0%
5%
0%
12%
0%
0%
0%
3%
0%
1%
0%
0%
0%
0%
0%
9%
0%
Private Education Refi
100%
Direct to Consumer
Career Training
Total
30% 100%
0% 10% 0% 13% 0%
0% 0% 0% 1% 0%
100% 100% 100% 100% 100%
0%
100%
100%
100%
0%
100%
0% 100% 100%
100% 100%
100%
0%
100%
0%
0%
9%
0%
0%
0%
0%
0% 11%
4%
0%
0%
0% 0% 0%
0%
0%
0%
7%
0%
0%
0%
0%
100%
100% 100%
100%
100% 100% 100% 100% 100% 100% 100% 100%
Payment Status
School, Grace, Deferment
*
1%
6%
7%
1%
10%
*
6%
*
1%
*
*
7%
Repayment
99%
92%
99%
92% 100%
99%
100%
88%
100% 92%
97% 95%
96% 97% 100%
89%
100%
Forbearance
2%
1%
2%
2%
3%
4%
4%
3%
4%
WA Term to Maturity (Mo.)
151
150
151
163
147
144
143
148
145
166
140
135
141
141
132
161
136
WA Months in Repayment (Mo.)
59(1)
86
86
81
135
95
% Loans with Cosigner
0% 55% 0%
% Loans with No Cosigner
100%
45% 100%
75% 0%
25%
0%
0%
79% 0%
76%
0%
0%
0% 0%
100% 100%
100%
21% 100%
24%
100% 100%
100% 100%
0% 77% 0%
100% 23% 100%
WA FICO at Origination
756
745
756
734
760
762
765
735
760
737
763
781
763
764
777
733
774
WA Recent FICO at Issuance
747
744
741
741
741
WA FICO (Cosigner at Origination)
738
744
744
746
743
WA FICO (Cosigner at Rescored)
746
753
749
751
751
WA FICO (Borrower at Origination)
WA FICO (Borrower at Rescored)
756
753
756
705
760
762
765
701
760
709
763
781
763
764
777
701
774
749
716
710
709
710
WA LIBOR Equivalent Margin (2)
5.49% 6.30% 5.56% 6.02% 5.46% 5.11% 4.83% 5.18% 4.84% 6.69% 4.75% 5.23% 4.78% 4.82% 3.62% 6.21% 4.08%
1 All other loans (non-Navi Refi) have weighted average months in repayment of 85 months for NAVSL 2019-B.
2 Assumes Prime / 1 month LIBOR spread of 3.00% for transactions with Prime collateral. However, for 100% Private Education Refi transactions, represents the gross borrower coupon.
* Represents a percentage greater than 0% but less than 0.5%.
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