Investor Presentaiton

Private Education Loan ABS Transactions NAVSL 2021-A Pricing Date: Settlement Date: January 19, 2021 January 28, 2021 Issuance Amount: $817,800,000 Collateral: Private Education Refi Loans Prepayment Speed 1: 15% CPR NAVSL 2020-1 December 1, 2020 December 10, 2020 $604,000,000 Private Education Refi Loans 15% CPR Ratings Class (S/D) 2 Amt ($M) WAL³ Pricing 3 Class Ratings (S/D) 2 Amt ($M) WAL³ Pricing 3 A AAA/AAA $768 2.68 Swaps +0.60% A-1A AAA/AAA $252 3.73 Swaps +1.00% Tranching: B NR/AA $50 7.13 Swaps +1.45% A-1B AAA/AAA $300 3.73 1ML + 1.00% B AA/AA $52 9.01 Swaps +2.15% 1 Constant Repayment Rate (CPR) estimated based on a variety of assumptions concerning loan repayment behavior. 2 Represents ratings by S&P (S) and DBRS (D). 3 Weighted Average Life (WAL) and Pricing are to the expected call date. ©2021 Navient Solutions, LLC. All rights reserved. III 15

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