Navient Student Loan Trust 2014-6
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 2014-6
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 2014-6 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
|
$
|
154,772,903.21
|
$
|
44,816,623.58
|
$
|
43,923,585.45
|
|||||||
|
Interest to be Capitalized Balance
|
729,738.48
|
224,484.71
|
212,288.56
|
||||||||||
|
Pool Balance
|
$
|
155,502,641.69
|
$
|
45,041,108.29
|
$
|
44,135,874.01
|
|||||||
|
Specified Reserve Account Balance
|
3,559,801.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool (1)
|
$
|
159,062,442.69
|
$
|
45,041,108.29
|
$
|
44,135,874.01
|
|||||||
|
Weighted Average Coupon (WAC)
|
5.54%
|
|
5.71%
|
|
5.72%
|
|
|||||||
|
Number of Loans
|
6,838
|
1,922
|
1,891
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
2,843,737.57
|
$
|
2,684,491.37
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
42,197,370.72
|
$
|
41,451,382.64
|
|||||||||
|
Pool Factor
|
0.284685875
|
0.278964271
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
5.63%
|
|
5.69%
|
|
|||||||||
| (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 |
63939BAA7
|
$
|
38,164,064.10
|
$
|
37,326,045.74
|
|||||
| B |
63939BAB5
|
$
|
4,200,000.00
|
$
|
4,200,000.00
|
|||||
|
C |
Account Balances
|
01/26/2026
|
02/25/2026
|
||||||
|
Reserve Account Balance
|
$
|
158,213.00
|
$
|
158,213.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
13,420.59
|
$
|
23,448.35
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
|
D |
Asset / Liability
|
01/26/2026
|
02/25/2026
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
45,041,108.29
|
$
|
44,135,874.01
|
|||||
|
Total Notes
|
$
|
42,364,064.10
|
$
|
41,526,045.74
|
|||||
|
Difference
|
$
|
2,677,044.19
|
$
|
2,609,828.27
|
|||||
|
Parity Ratio
|
1.06319
|
1.06285
|
|||||||
|
Page 2 of 9
|
Trust 2014-6 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
|
203,787.48
|
||||
|
Guarantor Principal
|
389,841.70
|
||||
|
Consolidation Activity Principal
|
367,357.31
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
960,986.49
|
|||
|
B |
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
74,896.55
|
||||
|
Guarantor Interest
|
15,050.79
|
||||
|
Consolidation Activity Interest
|
2,323.01
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
671.93
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
2,275.63
|
||||
|
Total Interest Receipts
|
$
|
95,217.91
|
|||
|
C |
Reserves in Excess of Requirement
|
|
-
|
||
|
D |
Investment Income
|
$
|
3,167.10
|
||
|
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
|
$
|
(39,537.93)
|
|
||
|
Floor Income Rebate Fees to Dept. of Education
|
-
|
||||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(10,027.76)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
1,009,805.81
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(67,948.36)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
1,135.96
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2014-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| III. |
2014-6 Portfolio Characteristics
|
|
01/31/2026
|
12/31/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
DEFERMENT
|
5.90%
|
|
38
|
$
|
857,281.67
|
1.952%
|
|
5.90%
|
|
38
|
$
|
838,412.23
|
1.871%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
5.57%
|
|
1,564
|
$
|
32,857,994.11
|
74.807%
|
|
5.53%
|
|
1,557
|
$
|
32,033,107.34
|
71.476%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.07%
|
|
23
|
$
|
409,162.25
|
0.932%
|
|
6.71%
|
|
39
|
$
|
1,552,923.31
|
3.465%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
5.68%
|
|
21
|
$
|
571,600.08
|
1.301%
|
|
6.00%
|
|
36
|
$
|
1,019,206.36
|
2.274%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
5.87%
|
|
24
|
$
|
720,541.24
|
1.640%
|
|
5.77%
|
|
17
|
$
|
686,793.52
|
1.532%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
5.76%
|
|
67
|
$
|
2,377,222.22
|
5.412%
|
|
5.93%
|
|
82
|
$
|
2,935,664.51
|
6.550%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
6.33%
|
|
134
|
$
|
5,251,603.47
|
11.956%
|
|
6.23%
|
|
132
|
$
|
5,138,185.45
|
11.465%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
7.13%
|
|
20
|
$
|
878,180.41
|
1.999%
|
|
6.49%
|
|
21
|
$
|
612,330.86
|
1.366%
|
|
||||||||||||||||||
|
TOTAL
|
1,891
|
$
|
43,923,585.45
|
100.00%
|
|
1,922
|
$
|
44,816,623.58
|
100.00%
|
|
|||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2014-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| IV. |
2014-6 Portfolio Characteristics (cont'd)
|
|
01/31/2026
|
12/31/2025
|
|||||||
|
Pool Balance
|
$
|
44,135,874.01
|
$
|
45,041,108.29
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
1,675,061.05
|
$
|
1,631,570.06
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
212,288.56
|
$
|
224,484.71
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
215,941.70
|
$
|
242,279.88
|
||||
|
Total # Loans
|
1,891
|
1,922
|
||||||
|
Total # Borrowers
|
1,067
|
1,083
|
||||||
|
Weighted Average Coupon
|
5.72%
|
|
5.71%
|
|
||||
|
Weighted Average Remaining Term
|
197.62
|
197.76
|
||||||
|
Non-Reimbursable Losses
|
$
|
1,135.96
|
$
|
1,376.35
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
658,378.33
|
$
|
657,242.37
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
5.69%
|
|
5.63%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
$ |
140,171.73
|
$ |
72,955.81
|
||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
69,010.10
|
$
|
88,946.31
|
||||
|
Borrower Interest Accrued
|
$
|
204,310.59
|
$
|
207,261.61
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
5,716.43
|
$
|
5,824.72
|
||||
|
Special Allowance Payments Accrued
|
$
|
51,016.43
|
$
|
54,903.57
|
||||
|
Page 5 of 9
|
Trust 2014-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| V. |
2014-6 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
|
5.72%
|
|
1,891
|
43,923,585.45
|
100.000%
|
|
|||||||||||
|
Total
|
5.72%
|
|
1,891
|
$
|
43,923,585.45
|
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
|
5.72%
|
|
1,891
|
43,923,585.45
|
100.000%
|
|
|||||||||||
|
Total
|
5.72%
|
|
1,891
|
$
|
43,923,585.45
|
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 2014-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| VI. |
2014-6 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
1,009,805.81
|
|||||||
| A |
Trustee Fees
|
|
-
|
$
|
1,009,805.81
|
||||
| B |
Primary Servicing Fee
|
$
|
5,902.35
|
$
|
1,003,903.46
|
||||
| C |
Administration Fee
|
$
|
6,667.00
|
$
|
997,236.46
|
||||
| D |
Class A Noteholders' Interest Distribution Amount
|
$
|
140,626.94
|
$
|
856,609.52
|
||||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
18,591.16
|
$
|
838,018.36
|
||||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
838,018.36
|
|||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
838,018.36
|
|
-
|
||||
|
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
|
$
|
43,923,585.45
|
||
| B |
Interest to be Capitalized
|
$
|
212,288.56
|
||
| C |
Capitalized Interest Account Balance
|
-
|
|||
| D |
Reserve Account Balance (after any reinstatement)
|
$
|
158,213.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(158,213.00)
|
|
|
|
F
|
Total
|
$
|
44,135,874.01
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
37,326,045.74
|
||
|
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 2014-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| VII. |
2014-6 Distributions
|
Distribution Amounts
| A |
|
B |
|
|||||
|
Cusip/Isin
|
63939BAA7
|
63939BAB5
|
||||||
|
Beginning Balance
|
$
|
38,164,064.10
|
$
|
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
|
1/26/2026
|
1/26/2026
|
||||||
|
Accrual Period End
|
2/25/2026
|
2/25/2026
|
||||||
|
Daycount Fraction
|
0.08333333
|
0.08333333
|
||||||
|
Interest Rate*
|
4.42176%
|
|
5.31176%
|
|
||||
|
Accrued Interest Factor
|
0.003684800
|
0.004426467
|
||||||
|
Current Interest Due
|
$
|
140,626.94
|
$
|
18,591.16
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
140,626.94
|
$
|
18,591.16
|
||||
|
Interest Paid
|
$
|
140,626.94
|
$
|
18,591.16
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
838,018.36
|
-
|
|||||
|
Ending Principal Balance
|
$
|
37,326,045.74
|
$
|
4,200,000.00
|
||||
|
Paydown Factor
|
0.005448754
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.242692105
|
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 2014-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| VIII. |
2014-6 Reconciliations
|
|
A |
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
42,364,064.10
|
|||
|
Adjusted Pool Balance
|
$
|
44,135,874.01
|
|||
|
Overcollateralization Amount
|
$
|
2,750,000.00
|
|||
|
Principal Distribution Amount
|
$
|
978,190.09
|
|||
|
Principal Distribution Amount Paid
|
$
|
838,018.36
|
|||
|
B |
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
158,213.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
158,213.00
|
|||
|
Required Reserve Acct Balance
|
$
|
158,213.00
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Reserve Account Balance
|
$
|
158,213.00
|
|||
|
C |
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
13,420.59
|
|||
|
Deposits for the Period
|
$
|
10,027.76
|
|||
|
Release to Collection Account
|
-
|
||||
|
Ending Balance
|
$
|
23,448.35
|
|||
|
D |
|||||
|
|
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2014-6 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
Navient Student Loan Trust 2014-6 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]