SLM Student Loan Trust 2013 1
12/08/2025 | Press release | Distributed by Public on 12/08/2025 08:58
Asset-Backed Issuer Distribution Report (Form 10-D)
SLM Student Loan Trust 2013-1
Monthly Servicing Report
Distribution Date 11/25/2025
Collection Period 10/01/2025 - 10/31/2025
Navient Funding, LLC - Depositor
Navient Solutions - Master Servicer and Administrator
Deutsche Bank National Trust Company - Indenture Trustee
Deutsche Bank Trust Company Americas - Eligible Lender Trustee
Navient Funding - Excess Distribution Certificateholder
|
Page 1 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
|
I.
|
Deal Parameters
|
|
A |
Student Loan Portfolio Characteristics
|
02/14/2013
|
09/30/2025
|
10/31/2025
|
|
||||||||
|
Principal Balance
|
$
|
1,181,837,043.20
|
$
|
224,991,925.55
|
$
|
223,625,358.25
|
|||||||
|
Interest to be Capitalized Balance
|
27,971,606.70
|
3,484,423.80
|
3,511,363.25
|
||||||||||
|
Pool Balance
|
$
|
1,209,808,649.90
|
$
|
228,476,349.35
|
$
|
227,136,721.50
|
|||||||
|
Specified Reserve Account Balance
|
9,373,341.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool (1)
|
$
|
1,219,181,990.90
|
$
|
228,476,349.35
|
$
|
227,136,721.50
|
|||||||
|
Weighted Average Coupon (WAC)
|
6.88
|
%
|
6.92
|
%
|
6.92
|
%
|
|||||||
|
Number of Loans
|
271,308
|
33,256
|
32,890
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
570,487.01
|
$
|
570,531.70
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
227,905,862.34
|
$
|
226,566,189.80
|
|||||||||
|
Pool Factor
|
0.182813423
|
0.181741531
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
(80.92
|
)%
|
(80.43
|
)%
|
|||||||||
| (1) |
The Specified Reserve Account balance is included in the Adjusted Pool until the Pool Balance is less than or equal to 40% of the original pool.
|
|
B
|
Debt Securities
|
Cusip/Isin
|
10/27/2025
|
11/25/2025
|
|||||||
|
|
A3
|
78447MAC2
|
$
|
191,191,585.86
|
$
|
189,865,354.28
|
|||||
|
|
B |
|
78447MAD0
|
$
|
35,000,000.00
|
$
|
35,000,000.00
|
||||
|
C |
Account Balances
|
10/27/2025
|
11/25/2025
|
||||||
|
|
Reserve Account Balance
|
$
|
1,249,779.00
|
$
|
1,249,779.00
|
||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
131,398.66
|
$
|
214,525.38
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D |
Asset / Liability
|
10/27/2025
|
11/25/2025
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
228,476,349.35
|
$
|
227,136,721.50
|
||||
|
|
Total Notes
|
$
|
226,191,585.86
|
$
|
224,865,354.28
|
||||
|
|
Difference
|
$
|
2,284,763.49
|
$
|
2,271,367.22
|
||||
|
|
Parity Ratio
|
1.01010
|
1.01010
|
||||||
|
Page 2 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
|
II.
|
Trust Activity 10/01/2025 through 10/31/2025
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
621,530.73
|
||||
|
Guarantor Principal
|
851,701.95
|
||||
|
Consolidation Activity Principal
|
737,809.97
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
2,211,042.65
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
288,272.68
|
||||
|
Guarantor Interest
|
38,971.26
|
||||
|
Consolidation Activity Interest
|
26,468.14
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
433.89
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
19,652.88
|
||||
|
Total Interest Receipts
|
$
|
373,798.85
|
|||
|
C
|
Reserves in Excess of Requirement
|
-
|
|||
|
D
|
Investment Income
|
$
|
15,021.37
|
||
| E |
Funds Borrowed from Next Collection Period
|
-
|
|||
| F |
Funds Repaid from Prior Collection Period
|
-
|
|||
| G |
Loan Sale or Purchase Proceeds
|
-
|
|||
|
H
|
Initial Deposits to Collection Account
|
-
|
|||
|
I
|
Excess Transferred from Other Accounts
|
|
-
|
||
| J |
Other Deposits
|
-
|
|||
| K |
Funds Released from Capitalized Interest Account
|
-
|
|||
|
L
|
Less: Funds Previously Remitted:
|
||||
|
Servicing Fees to Servicer
|
-
|
||||
|
Consolidation Loan Rebate Fees to Dept. of Education
|
-
|
||||
|
Floor Income Rebate Fees to Dept. of Education
|
|
-
|
|||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(83,126.72
|
)
|
||
| M |
AVAILABLE FUNDS
|
$
|
2,516,736.15
|
||
| N |
Non-Cash Principal Activity During Collection Period
|
$
|
(844,475.35
|
)
|
|
| O |
Non-Reimbursable Losses During Collection Period
|
$
|
23,421.94
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
| Q |
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
|
III.
|
2013-1 Portfolio Characteristics
|
|
10/31/2025
|
09/30/2025
|
|||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal |
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
|||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.68%
|
|
42
|
$
|
210,915.46
|
0.094%
|
|
6.69%
|
|
45
|
$
|
216,815.46
|
0.096%
|
|
|||||||||||||||||||
|
|
GRACE
|
6.80%
|
|
3
|
$
|
5,900.00
|
0.003%
|
|
0.00%
|
|
0
|
|
-
|
0.000%
|
|
|||||||||||||||||||
|
|
DEFERMENT
|
6.81%
|
|
2,283
|
$
|
14,136,832.64
|
6.322%
|
|
6.80%
|
|
2,316
|
$
|
14,258,762.52
|
6.337%
|
|
|||||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.95%
|
|
20,786
|
$
|
133,330,468.45
|
59.622%
|
|
6.93%
|
|
20,796
|
$
|
132,130,687.68
|
58.727%
|
|
|||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.91%
|
|
1,201
|
$
|
9,716,828.35
|
4.345%
|
|
6.95%
|
|
1,080
|
$
|
9,020,124.60
|
4.009%
|
|
|||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.98%
|
|
675
|
$
|
6,059,303.04
|
2.710%
|
|
6.88%
|
|
763
|
$
|
6,166,771.59
|
2.741%
|
|
|||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.86%
|
|
494
|
$
|
3,964,226.84
|
1.773%
|
|
6.97%
|
|
590
|
$
|
4,674,664.10
|
2.078%
|
|
|||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.93%
|
|
2,090
|
$
|
16,639,726.46
|
7.441%
|
|
6.92%
|
|
2,266
|
$
|
17,681,844.78
|
7.859%
|
|
|||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
|
FORBEARANCE
|
6.90%
|
|
4,887
|
$
|
36,476,848.21
|
16.312%
|
|
6.95%
|
|
5,072
|
$
|
38,445,204.66
|
17.087%
|
|
|||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.74%
|
|
429
|
$
|
3,084,308.80
|
1.379%
|
|
6.78%
|
|
328
|
$
|
2,397,050.16
|
1.065%
|
|
|||||||||||||||||||
|
TOTAL
|
32,890
|
$
|
223,625,358.25
|
100.00%
|
|
33,256
|
$
|
224,991,925.55
|
100.00%
|
|
||||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
|
IV.
|
2013-1 Portfolio Characteristics (cont'd)
|
|
10/31/2025
|
09/30/2025
|
|||||||
|
Pool Balance
|
$
|
227,136,721.50
|
$
|
228,476,349.35
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
11,811,143.81
|
$
|
11,778,959.26
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
3,511,363.25
|
$
|
3,484,423.80
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,279,746.56
|
$
|
1,343,763.17
|
||||
|
Total # Loans
|
32,890
|
33,256
|
||||||
|
Total # Borrowers
|
13,182
|
13,346
|
||||||
|
Weighted Average Coupon
|
6.92
|
%
|
6.92
|
%
|
||||
|
Weighted Average Remaining Term
|
194.43
|
193.45
|
||||||
|
Non-Reimbursable Losses
|
$
|
23,421.94
|
$
|
28,523.42
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,568,248.23
|
$
|
6,544,826.29
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-80.43
|
%
|
-80.92
|
%
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
477,941.48
|
$
|
477,941.48
|
||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
-
|
-
|
||||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
872,356.85
|
$
|
886,887.12
|
||||
|
Borrower Interest Accrued
|
$
|
1,255,503.03
|
$
|
1,221,900.41
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
48,626.56
|
$
|
46,882.65
|
||||
|
Special Allowance Payments Accrued
|
$
|
37,326.56
|
$
|
45,962.94
|
||||
|
Page 5 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
|
V.
|
2013-1 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
|
|||||||||||
|
|
- GSL (1) - Subsidized
|
6.76
|
%
|
17,167
|
80,873,978.33
|
36.165
|
%
|
||||||||||
|
|
- GSL - Unsubsidized
|
6.79
|
%
|
14,928
|
123,516,199.10
|
55.234
|
%
|
||||||||||
|
|
- PLUS (2) Loans
|
8.49
|
%
|
790
|
19,205,860.20
|
8.588
|
%
|
||||||||||
|
|
- SLS (3) Loans
|
7.23
|
%
|
5
|
29,320.62
|
0.013
|
%
|
||||||||||
|
|
- Consolidation Loans
|
0.00
|
%
|
0
|
-
|
0.000
|
%
|
||||||||||
|
|
Total
|
6.92
|
%
|
32,890
|
$
|
223,625,358.25
|
100.000
|
%
|
|||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
|
- Four Year
|
6.94
|
%
|
25,618
|
185,546,470.85
|
82.972
|
%
|
||||||||||
|
|
- Two Year
|
6.82
|
%
|
5,885
|
30,718,839.36
|
13.737
|
%
|
||||||||||
|
|
- Technical
|
6.82
|
%
|
1,387
|
7,360,048.04
|
3.291
|
%
|
||||||||||
|
|
- Other
|
0.00
|
%
|
0
|
-
|
0.000
|
%
|
||||||||||
|
|
Total
|
6.92
|
%
|
32,890
|
$
|
223,625,358.25
|
100.000
|
%
|
|||||||||
*Percentages may not total 100% due to rounding.
| (1) |
Guaranteed Stafford Loan
|
| (2) |
Parent Loans for Undergraduate Students
|
| (3) |
Supplemental Loans to Students. The Unsubsidized Stafford Loan program replaced the SLS program on July 1, 1994.
|
|
Page 6 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
|
VI.
|
2013-1 Waterfall for Distributions
|
|
|
Paid
|
Remaining
Funds Balance
|
|||||||
|
Total Available Funds
|
$
|
2,516,736.15
|
|||||||
|
A |
Trustee Fees |
- |
$ |
2,516,736.15 |
|||||
|
B |
Primary Servicing Fee
|
$
|
67,079.97
|
$
|
2,449,656.18
|
||||
|
C |
Administration Fee
|
$
|
6,667.00
|
$
|
2,442,989.18
|
||||
|
D |
Class A Noteholders' Interest Distribution Amount
|
$
|
746,554.44
|
$
|
1,696,434.74
|
||||
|
E |
Class B Noteholders' Interest Distribution Amount
|
$
|
171,909.14
|
$
|
1,524,525.60
|
||||
|
F |
Reserve Account Reinstatement
|
-
|
$
|
1,524,525.60
|
|||||
|
G |
Class A Noteholders' Principal Distribution Amount
|
$
|
1,326,231.58
|
$
|
198,294.02
|
||||
|
H |
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
198,294.02
|
|||||
|
I |
Unpaid Expenses of The Trustees
|
-
|
$
|
198,294.02
|
|||||
|
J |
Carryover Servicing Fee
|
-
|
$
|
198,294.02
|
|||||
|
K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
198,294.02
|
|||||
|
L |
Excess Distribution Certificateholder
|
$
|
198,294.02
|
-
|
|||||
|
Waterfall Triggers
|
|||||||||
|
A
|
Student Loan Principal Outstanding
|
$
|
223,625,358.25
|
||||||
|
B
|
Interest to be Capitalized
|
$
|
3,511,363.25
|
||||||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||||||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
1,249,779.00
|
||||||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(1,249,779.00
|
)
|
|||||
|
F
|
Total
|
$
|
227,136,721.50
|
||||||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
189,865,354.28
|
||||||
|
H
|
Insolvency Event or Event of Default Under Indenture
|
N
|
|
||||||
|
I
|
Available Funds Applied to Class A Noteholders' Distribution Amount Before Any Amounts are Applied to the Class B Noteholders' Distribution Amount (G>F or H=Y)
|
N
|
|
||||||
|
Page 7 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
|
VII.
|
2013-1 Distributions
|
Distribution Amounts
|
A3
|
B |
|||||||
|
Cusip/Isin
|
78447MAC2
|
78447MAD0
|
||||||
|
Beginning Balance
|
$
|
191,191,585.86
|
$
|
35,000,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.55
|
%
|
1.80
|
%
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
10/27/2025
|
10/27/2025
|
||||||
|
Accrual Period End
|
11/25/2025
|
11/25/2025
|
||||||
|
Daycount Fraction
|
0.08055556
|
0.08055556
|
||||||
|
Interest Rate*
|
4.84727
|
%
|
6.09727
|
%
|
||||
|
Accrued Interest Factor
|
0.003904745
|
0.004911690
|
||||||
|
Current Interest Due
|
$
|
746,554.44
|
$
|
171,909.14
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
746,554.44
|
$
|
171,909.14
|
||||
|
Interest Paid
|
$
|
746,554.44
|
$
|
171,909.14
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
1,326,231.58
|
-
|
|||||
|
Ending Principal Balance
|
$
|
189,865,354.28
|
$
|
35,000,000.00
|
||||
|
Paydown Factor
|
0.002465114
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.352909580
|
1.000000000
|
||||||
* Pay rates for Current Distribution. For the interest rates applicable to the next distribution date, please see https://images.navient.com/investors/data/abrate.txt.
|
Page 8 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
|
VIII.
|
2013-1 Reconciliations
|
|
A |
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
226,191,585.86
|
|||
|
Adjusted Pool Balance
|
$
|
227,136,721.50
|
|||
|
Overcollateralization Amount
|
$
|
2,271,367.22
|
|||
|
Principal Distribution Amount
|
$
|
1,326,231.58
|
|||
|
Principal Distribution Amount Paid
|
$
|
1,326,231.58
|
|||
|
B |
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
1,249,779.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
1,249,779.00
|
|||
|
Required Reserve Acct Balance
|
$
|
1,249,779.00
|
|||
|
Release to Collection Account
|
-
|
||||
|
Ending Reserve Account Balance
|
$
|
1,249,779.00
|
|||
|
C |
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
131,398.66
|
|||
|
Deposits for the Period
|
$
|
83,126.72
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Balance
|
$
|
214,525.38
|
|||
|
D |
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
SLM Student Loan Trust 2013 1 published this content on December 08, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 08, 2025 at 14:59 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]