Navient Student Loan Trust 2014 4
03/10/2026 | Press release | Distributed by Public on 03/10/2026 07:49
Asset-Backed Issuer Distribution Report (Form 10-D)
Navient Student Loan Trust 2014-4
Monthly Servicing Report
Distribution Date 02/25/2026
Collection Period 01/01/2026 - 01/31/2026
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 2014-4 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| I. |
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
08/14/2014
|
12/31/2025
|
01/31/2026
|
|||||||||
|
|
Principal Balance
|
$
|
257,634,642.08
|
$
|
75,569,559.20
|
$
|
75,256,035.79
|
||||||
|
|
Interest to be Capitalized Balance
|
1,346,161.30
|
440,284.90
|
397,158.73
|
|||||||||
|
|
Pool Balance
|
$
|
258,980,803.38
|
$
|
76,009,844.10
|
$
|
75,653,194.52
|
||||||
|
|
Specified Reserve Account Balance
|
5,932,561.00
|
- N/A -
|
- N/A -
|
|||||||||
|
|
Adjusted Pool (1)
|
$
|
264,913,364.38
|
$
|
76,009,844.10
|
$
|
75,653,194.52
|
||||||
|
|
Weighted Average Coupon (WAC)
|
5.58%
|
|
5.66%
|
|
5.66%
|
|
||||||
|
|
Number of Loans
|
11,290
|
3,122
|
3,098
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
4,422,104.27
|
$
|
4,387,444.86
|
||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
71,587,739.83
|
$
|
71,265,749.66
|
||||||||
|
|
Pool Factor
|
0.288277106
|
0.286924467
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
5.54%
|
|
5.48%
|
|
||||||||
| (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
|
01/26/2026
|
02/25/2026
|
||||||
| A |
63938QAA5
|
$
|
65,618,242.10
|
$
|
65,359,688.32
|
|||||
| B |
63938QAB3
|
$
|
7,000,000.00
|
$
|
7,000,000.00
|
|||||
|
C
|
Account Balances
|
01/26/2026
|
02/25/2026
|
||||||
|
|
Reserve Account Balance
|
$
|
263,669.00
|
$
|
263,669.00
|
||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
20,393.95
|
$
|
35,408.38
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability
|
01/26/2026
|
02/25/2026
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
76,009,844.10
|
$
|
75,653,194.52
|
||||
|
|
Total Notes
|
$
|
72,618,242.10
|
$
|
72,359,688.32
|
||||
|
|
Difference
|
$
|
3,391,602.00
|
$
|
3,293,506.20
|
||||
|
|
Parity Ratio
|
1.04670
|
1.04552
|
||||||
|
Page 2 of 9
|
Trust 2014-4 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| II. |
Trust Activity 01/01/2026 through 01/31/2026
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
256,957.96
|
||||
|
Guarantor Principal
|
107,726.41
|
||||
|
Consolidation Activity Principal
|
25,385.12
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
100,061.69
|
||||
|
Total Principal Receipts
|
$
|
490,131.18
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
121,750.69
|
||||
|
Guarantor Interest
|
8,539.88
|
||||
|
Consolidation Activity Interest
|
73.48
|
||||
|
Special Allowance Payments
|
0.00 | ||||
|
Interest Subsidy Payments
|
0.00 | ||||
|
Seller Interest Reimbursement
|
88.40
|
||||
|
Servicer Interest Reimbursement
|
2,470.27
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
4,507.40
|
||||
|
Total Interest Receipts
|
$
|
137,430.12
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
3,981.99
|
||
|
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
|
$
|
(68,388.44)
|
|
||
|
Floor Income Rebate Fees to Dept. of Education
|
|
-
|
|
||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(15,014.43)
|
|
||
|
M |
AVAILABLE FUNDS
|
$
|
548,140.42
|
||
|
N |
Non-Cash Principal Activity During Collection Period
|
$
|
(176,607.77)
|
|
|
|
O |
Non-Reimbursable Losses During Collection Period
|
$
|
2,278.93
|
||
|
P |
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
$ |
101,814.99
|
||
|
Q |
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2014-4 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| III. |
2014-4 Portfolio Characteristics
|
|
01/31/2026
|
12/31/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
DEFERMENT
|
5.85%
|
|
76
|
$
|
2,025,588.79
|
2.692%
|
|
5.93%
|
|
82
|
$
|
2,280,788.88
|
3.018%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
5.61%
|
|
2,500
|
$
|
54,193,618.20
|
72.012%
|
|
5.56%
|
|
2,446
|
$
|
52,178,793.89
|
69.047%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.06%
|
|
62
|
$
|
2,192,518.52
|
2.913%
|
|
6.27%
|
|
100
|
$
|
2,681,049.78
|
3.548%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.59%
|
|
71
|
$
|
1,619,448.01
|
2.152%
|
|
5.28%
|
|
60
|
$
|
1,628,587.09
|
2.155%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
5.80%
|
|
34
|
$
|
1,120,632.94
|
1.489%
|
|
6.07%
|
|
45
|
$
|
1,497,626.64
|
1.982%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
5.73%
|
|
100
|
$
|
3,078,788.30
|
4.091%
|
|
5.72%
|
|
121
|
$
|
4,058,042.89
|
5.370%
|
|
||||||||||||||||||
|
|
FORBEARANCE |
5.63%
|
|
215
|
$
|
9,451,434.44
|
12.559%
|
|
5.93%
|
|
252
|
$
|
10,704,603.40
|
14.165%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
5.57%
|
|
40
|
$
|
1,574,006.59
|
2.092%
|
|
5.56%
|
|
16
|
$
|
540,066.63
|
0.715%
|
|
||||||||||||||||||
|
TOTAL
|
3,098
|
$
|
75,256,035.79
|
100.00%
|
|
3,122
|
$
|
75,569,559.20
|
100.00%
|
|
|||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2014-4 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| IV. |
2014-4 Portfolio Characteristics (cont'd)
|
|
01/31/2026
|
12/31/2025
|
|||||||
|
Pool Balance
|
$
|
75,653,194.52
|
$
|
76,009,844.10
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
3,205,746.65
|
$
|
3,167,901.64
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
397,158.73
|
$
|
440,284.90
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
424,587.45
|
$
|
405,636.78
|
||||
|
Total # Loans
|
3,098
|
3,122
|
||||||
|
Total # Borrowers
|
1,748
|
1,761
|
||||||
|
Weighted Average Coupon
|
5.66%
|
|
5.66%
|
|
||||
|
Weighted Average Remaining Term
|
207.16
|
207.03
|
||||||
|
Non-Reimbursable Losses
|
$
|
2,278.93
|
$
|
19,365.62
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
1,129,249.97
|
$
|
1,126,971.04
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
5.48%
|
|
5.54%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
94,153.60
|
$
|
94,153.60
|
||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
$ |
110,887.55
|
$ |
28,840.98
|
||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
178,869.86
|
$
|
224,898.77
|
||||
|
Borrower Interest Accrued
|
$
|
346,807.47
|
$
|
349,515.94
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
7,556.90
|
$
|
7,625.15
|
||||
|
Special Allowance Payments Accrued
|
$
|
89,390.51
|
$
|
95,707.40
|
||||
|
Page 5 of 9
|
Trust 2014-4 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| V. |
2014-4 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
|
5.66%
|
|
3,098
|
75,256,035.79
|
100.000%
|
|
||||||||||
|
|
Total
|
5.66%
|
|
3,098
|
$
|
75,256,035.79
|
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
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- Other
|
5.66%
|
|
3,098
|
75,256,035.79
|
100.000%
|
|
||||||||||
|
|
Total
|
5.66%
|
|
3,098
|
$
|
75,256,035.79
|
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 2014-4 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| VI. |
2014-4 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
548,140.42
|
|||||||
|
A
|
Trustee Fees
|
-
|
$
|
548,140.42
|
|||||
|
B
|
Primary Servicing Fee
|
$
|
9,597.45
|
$
|
538,542.97
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
531,875.97
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
242,336.92
|
$
|
289,539.05
|
||||
| E |
Class B Noteholders' Interest Distribution Amount
|
$
|
30,985.27
|
$
|
258,553.78
|
||||
| F |
Reserve Account Reinstatement
|
-
|
$
|
258,553.78
|
|||||
| G |
Class A Noteholders' Principal Distribution Amount
|
$
|
258,553.78
|
$
|
0.00
|
||||
| H |
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
0.00
|
|||||
| I |
Unpaid Expenses of The Trustees
|
-
|
$
|
0.00
|
|||||
| J |
Carryover Servicing Fee
|
-
|
$
|
0.00
|
|||||
| K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
0.00
|
|||||
|
L |
Excess Distribution Certificateholder
|
|
-
|
$ |
0.00
|
||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
75,256,035.79
|
||
|
B
|
Interest to be Capitalized
|
$
|
397,158.73
|
||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
263,669.00
|
||
| E |
Less: Specified Reserve Account Balance
|
$
|
(263,669.00
|
)
|
|
| F |
Total
|
$
|
75,653,194.52
|
||
| G |
Class A Notes Outstanding (after application of available funds)
|
$
|
65,359,688.32
|
||
| 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 2014-4 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| VII. |
2014-4 Distributions
|
Distribution Amounts
| A |
|
B |
|
|||||
|
Cusip/Isin
|
63938QAA5
|
63938QAB3
|
||||||
|
Beginning Balance
|
$
|
65,618,242.10
|
$
|
7,000,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.62%
|
|
1.50%
|
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
1/26/2026
|
1/26/2026
|
||||||
|
Accrual Period End
|
2/25/2026
|
2/25/2026
|
||||||
|
Daycount Fraction
|
0.08333333
|
0.08333333
|
||||||
|
Interest Rate*
|
4.43176%
|
|
5.31176%
|
|
||||
|
Accrued Interest Factor
|
0.003693133
|
0.004426467
|
||||||
|
Current Interest Due
|
$
|
242,336.92
|
$
|
30,985.27
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
242,336.92
|
$
|
30,985.27
|
||||
|
Interest Paid
|
$
|
242,336.92
|
$
|
30,985.27
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
258,553.78
|
-
|
|||||
|
Ending Principal Balance
|
$
|
65,359,688.32
|
$
|
7,000,000.00
|
||||
|
Paydown Factor
|
0.001008400
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.254912981
|
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 2014-4 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| VIII. |
2014-4 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance
|
$
|
72,618,242.10
|
||
|
|
Adjusted Pool Balance
|
$
|
75,653,194.52
|
||
|
|
Overcollateralization Amount
|
$
|
3,404,393.75
|
||
|
|
Principal Distribution Amount
|
$
|
369,441.33
|
||
|
|
Principal Distribution Amount Paid
|
$
|
258,553.78
|
||
|
B
|
Reserve Account Reconciliation
|
||||
|
|
Beginning Period Balance
|
$
|
263,669.00
|
||
|
|
Reserve Funds Utilized
|
0.00
|
|||
|
|
Reserve Funds Reinstated
|
0.00
|
|||
|
|
Balance Available
|
$
|
263,669.00
|
||
|
|
Required Reserve Acct Balance
|
$
|
263,669.00
|
||
|
|
Release to Collection Account
|
|
-
|
||
|
|
Ending Reserve Account Balance
|
$
|
263,669.00
|
||
|
C
|
Floor Income Rebate Account
|
||||
|
|
Beginning Period Balance
|
$
|
20,393.95
|
||
|
|
Deposits for the Period
|
$
|
15,014.43
|
||
|
|
Release to Collection Account
|
|
-
|
|
|
|
|
Ending Balance
|
$
|
35,408.38
|
||
|
D
|
Supplemental Purchase Account
|
||||
|
|
Beginning Period Balance
|
-
|
|||
|
|
Supplemental Loan Purchases
|
-
|
|||
|
|
Transfers to Collection Account
|
-
|
|||
|
|
Ending Balance
|
-
|
|||
|
Page 9 of 9
|
Trust 2014-4 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
Navient Student Loan Trust 2014 4 published this content on March 10, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 10, 2026 at 13:49 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]