Navient Student Loan Trust 2014 7
12/08/2025 | Press release | Distributed by Public on 12/08/2025 08:52
Asset-Backed Issuer Distribution Report (Form 10-D)
Navient Student Loan Trust 2014-7
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 2014-7 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| I. |
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
08/14/2014
|
09/30/2025
|
10/31/2025
|
|||||||||
|
|
Principal Balance
|
$
|
154,923,176.48
|
$
|
50,396,820.71
|
$
|
50,158,038.64
|
||||||
|
|
Interest to be Capitalized Balance
|
872,283.20
|
293,026.20
|
286,049.13
|
|||||||||
|
|
Pool Balance
|
$
|
155,795,459.68
|
$
|
50,689,846.91
|
$
|
50,444,087.77
|
||||||
|
|
Specified Reserve Account Balance
|
3,559,654.00
|
- N/A -
|
- N/A -
|
|||||||||
|
|
Adjusted Pool (1)
|
$
|
159,355,113.68
|
$
|
50,689,846.91
|
$
|
50,444,087.77
|
||||||
|
|
Weighted Average Coupon (WAC)
|
5.58%
|
|
5.76%
|
|
5.76%
|
|
||||||
|
|
Number of Loans
|
6,861
|
1,939
|
1,927
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
2,688,511.12
|
$
|
2,706,402.36
|
||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
48,001,335.79
|
$
|
47,737,685.41
|
||||||||
|
|
Pool Factor
|
0.320402320
|
0.318848916
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
4.95%
|
|
4.90%
|
|
||||||||
| (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
|
||||||||
| A |
|
63939AAA9
|
$
|
43,739,846.91
|
$
|
43,571,755.92
|
||||||
| B |
|
63939AAB7
|
$
|
4,200,000.00
|
$
|
4,200,000.00
|
||||||
|
C
|
Account Balances
|
10/27/2025
|
11/25/2025
|
||||||
|
|
Reserve Account Balance
|
$
|
158,207.00
|
$
|
158,207.00
|
||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
6,864.18
|
$
|
11,418.62
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability
|
10/27/2025
|
11/25/2025
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
50,689,846.91
|
$
|
50,444,087.77
|
||||
|
|
Total Notes
|
$
|
47,939,846.91
|
$
|
47,771,755.92
|
||||
|
|
Difference |
$
|
2,750,000.00
|
$
|
2,672,331.85
|
||||
|
|
Parity Ratio
|
1.05736
|
1.05594
|
||||||
|
Page 2 of 9
|
Trust 2014-7 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
|
158,908.14
|
||||
|
Guarantor Principal
|
156,005.09
|
||||
|
Consolidation Activity Principal
|
13.37
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
|
|||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
314,926.60
|
|||
| B |
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
90,674.81
|
||||
|
Guarantor Interest
|
12,025.51
|
||||
|
Consolidation Activity Interest
|
0.09
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
1,581.75
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
1,649.97
|
||||
|
Total Interest Receipts
|
$
|
105,932.13
|
|||
| C |
Reserves in Excess of Requirement
|
|
-
|
||
| D |
Investment Income
|
$
|
2,186.23
|
||
|
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
|
$
|
(45,298.13)
|
|
||
|
Floor Income Rebate Fees to Dept. of Education
|
-
|
||||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(4,554.44)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
373,192.39
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(76,144.53)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
3,733.70
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2014-7 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| III. |
2014-7 Portfolio Characteristics
|
|
|
|
10/31/2025
|
09/30/2025
|
|||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
|||||||||||||||||||||||||||
|
INTERIM:
|
DEFERMENT
|
4.91%
|
|
63
|
$
|
1,671,647.74
|
3.333%
|
|
4.95%
|
|
73
|
$
|
2,105,300.15
|
4.177%
|
|
|||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
5.62%
|
|
1,547
|
$
|
34,900,035.57
|
69.580%
|
|
5.71%
|
|
1,536
|
$
|
34,970,633.76
|
69.391%
|
|
|||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
5.75%
|
|
54
|
$
|
2,223,219.00
|
4.432%
|
|
5.78%
|
|
48
|
$
|
1,474,588.43
|
2.926%
|
|
|||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
5.98%
|
|
26
|
$
|
912,737.51
|
1.820%
|
|
6.24%
|
|
35
|
$
|
1,318,616.00
|
2.616%
|
|
|||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
5.54%
|
|
23
|
$
|
659,201.27
|
1.314%
|
|
6.08%
|
|
30
|
$
|
1,159,477.49
|
2.301%
|
|
|||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
5.91%
|
|
64
|
$
|
2,658,768.95
|
5.301%
|
|
5.60%
|
|
65
|
$
|
2,277,901.63
|
4.520%
|
|
|||||||||||||||||||
|
|
FORBEARANCE
|
6.41%
|
|
144
|
$
|
6,287,516.74
|
12.535%
|
|
5.96%
|
|
142
|
$
|
6,156,070.62
|
12.215%
|
|
|||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
7.66%
|
|
6
|
$
|
844,911.86
|
1.684%
|
|
7.35%
|
|
10
|
$
|
934,232.63
|
1.854%
|
|
|||||||||||||||||||
|
TOTAL
|
|
1,927
|
$
|
50,158,038.64
|
100.00%
|
|
1,939
|
$
|
50,396,820.71
|
100.00%
|
|
|||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2014-7 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| IV. |
2014-7 Portfolio Characteristics (cont'd)
|
|
10/31/2025
|
09/30/2025
|
|||||||
|
Pool Balance
|
$
|
50,444,087.77
|
$
|
50,689,846.91
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
1,719,997.92
|
$
|
1,667,394.40
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
286,049.13
|
$
|
293,026.20
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
292,345.50
|
$
|
291,969.53
|
||||
|
Total # Loans
|
1,927
|
1,939
|
||||||
|
Total # Borrowers
|
1,080
|
1,085
|
||||||
|
Weighted Average Coupon
|
5.76%
|
|
5.76%
|
|
||||
|
Weighted Average Remaining Term
|
203.90
|
203.45
|
||||||
|
Non-Reimbursable Losses
|
$
|
3,733.70
|
$
|
2,584.85
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
688,620.67
|
$
|
684,886.97
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
4.90%
|
|
4.95%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
63,994.14
|
$
|
63,994.14
|
||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
$ |
77,668.15
|
-
|
|||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
79,841.72
|
$
|
255,114.84
|
||||
|
Borrower Interest Accrued
|
$
|
234,517.56
|
$
|
227,025.91
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
6,584.40
|
$
|
6,923.27
|
||||
|
Special Allowance Payments Accrued
|
$
|
66,805.16
|
$
|
69,446.25
|
||||
|
Page 5 of 9
|
Trust 2014-7 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
V.
|
2014-7 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
|
- GSL (1) - Subsidized
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- GSL - Unsubsidized
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- PLUS (2) Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- SLS (3) Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- Consolidation Loans
|
5.76%
|
|
1,927
|
50,158,038.64
|
100.000%
|
|
||||||||||
|
|
Total
|
5.76%
|
|
1,927
|
$
|
50,158,038.64
|
100.000%
|
|
|||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
|
- Four Year
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- Two Year
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- Technical
|
8.00%
|
|
1
|
16,444.57
|
0.033%
|
|
||||||||||
|
|
- Other
|
5.76%
|
|
1,926
|
50,141,594.07
|
99.967%
|
|
||||||||||
|
|
Total
|
5.76%
|
|
1,927
|
$
|
50,158,038.64
|
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 2014-7 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
VI.
|
2014-7 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
373,192.39
|
|||||||
| A |
Trustee Fees
|
|
-
|
$
|
373,192.39
|
||||
| B |
Primary Servicing Fee
|
$
|
5,913.25
|
$
|
367,279.14
|
||||
| C |
Administration Fee
|
$
|
6,667.00
|
$
|
360,612.14
|
||||
| D |
Class A Noteholders' Interest Distribution Amount
|
$
|
172,907.05
|
$
|
187,705.09
|
||||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
19,614.10
|
$
|
168,090.99
|
||||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
168,090.99
|
|||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
168,090.99
|
|
-
|
||||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
|
-
|
|||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
|
-
|
|||||
|
J
|
Carryover Servicing Fee
|
-
|
|
-
|
|||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
|
-
|
|||||
|
L
|
Excess Distribution Certificateholder
|
|
-
|
-
|
|||||
|
Waterfall Triggers
|
|||||
| A |
Student Loan Principal Outstanding
|
$
|
50,158,038.64
|
||
| B |
Interest to be Capitalized
|
$
|
286,049.13
|
||
| C |
Capitalized Interest Account Balance
|
-
|
|||
| D |
Reserve Account Balance (after any reinstatement)
|
$
|
158,207.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(158,207.00)
|
|
|
|
F
|
Total
|
$
|
50,444,087.77
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
43,571,755.92
|
||
|
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 2014-7 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| VII. |
2014-7 Distributions
|
Distribution Amounts
| A |
|
B |
|
|||||
|
Cusip/Isin
|
63939AAA9
|
63939AAB7
|
||||||
|
Beginning Balance
|
$
|
43,739,846.91
|
$
|
4,200,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.61%
|
|
1.50%
|
|
||||
|
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*
|
4.90727%
|
|
5.79727%
|
|
||||
|
Accrued Interest Factor
|
0.003953079
|
0.004670024
|
||||||
|
Current Interest Due
|
$
|
172,907.05
|
$
|
19,614.10
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
172,907.05
|
$
|
19,614.10
|
||||
|
Interest Paid
|
$
|
172,907.05
|
$
|
19,614.10
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
168,090.99
|
-
|
|||||
|
Ending Principal Balance
|
$
|
43,571,755.92
|
$
|
4,200,000.00
|
||||
|
Paydown Factor
|
0.001092919
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.283301404
|
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 2014-7 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| VIII. |
2014-7 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance
|
$
|
47,939,846.91
|
||
|
|
Adjusted Pool Balance
|
$
|
50,444,087.77
|
||
|
|
Overcollateralization Amount
|
$
|
2,750,000.00
|
||
|
|
Principal Distribution Amount
|
$
|
245,759.14
|
||
|
|
Principal Distribution Amount Paid
|
$
|
168,090.99
|
||
|
B
|
Reserve Account Reconciliation
|
||||
|
|
Beginning Period Balance
|
$
|
158,207.00
|
||
|
|
Reserve Funds Utilized
|
0.00
|
|||
|
|
Reserve Funds Reinstated
|
0.00
|
|||
|
|
Balance Available
|
$
|
158,207.00
|
||
|
|
Required Reserve Acct Balance
|
$
|
158,207.00
|
||
|
|
Release to Collection Account
|
|
-
|
||
|
|
Ending Reserve Account Balance
|
$
|
158,207.00
|
||
|
C
|
Floor Income Rebate Account
|
||||
|
|
Beginning Period Balance
|
$
|
6,864.18
|
||
|
|
Deposits for the Period
|
$
|
4,554.44
|
||
|
|
Release to Collection Account
|
|
-
|
||
|
|
Ending Balance
|
$
|
11,418.62
|
||
|
D
|
Supplemental Purchase Account
|
||||
|
|
Beginning Period Balance
|
-
|
|||
|
|
Supplemental Loan Purchases
|
-
|
|||
|
|
Transfers to Collection Account
|
-
|
|||
|
|
Ending Balance
|
-
|
|||
|
Page 9 of 9
|
Trust 2014-7 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
Navient Student Loan Trust 2014 7 published this content on December 08, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 08, 2025 at 14:52 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]