Investor Presentaiton

Education Loan Portfolio Generates Significant Cash Flows Projected Life of Loan Cash Flows over ~20 Years $'s in Billions FFELP Cash Flows 12/31/20 • Enhancing Cash Flows Generated $2.7 billion of cash flows in 2020 Secured Residual (including O/C) Floor Income Servicing Total Secured Unencumbered Total FFELP Cash Flows Private Credit Cash Flows Secured Residual (including O/C) $4.9 Servicing 0.5 • $4.3 1.8 1.8 $7.9 0.4 $8.3 Reduced total unsecured debt by $1.1 billion Returned $0.5 billion to shareholders through share repurchase and dividends in 2020 Acquired $4.6 billion of student loans in 2020 $16.7 billion of estimated future cash flows remain over ~ 20 years - Includes $6 billion of overcollateralization¹ (O/C) to be released from residuals Total Secured $5.4 Unencumbered 3.0 $2.6 billion of unencumbered student loans Total Private Cash Flows $8.4 Combined Cash Flows before Unsecured Debt $16.7 $0.5 billion of hedged FFELP Loan embedded floor income Unsecured Debt (par value) $8.4 These projections are based on internal estimates and assumptions and are subject to ongoing review and modification. These projections may prove to be incorrect. 1 Includes the PC Turbo Repurchase Facility Debt totaling $1.2 B as of 12/31/2020. ©2021 Navient Solutions, LLC. All rights reserved. ||| 18

View entire presentation