SLM Student Loan Trust 2013 6
01/08/2025 | Press release | Distributed by Public on 01/08/2025 11:27
Asset Backed Issuer Distribution Report (Form 10 D)
SLM Student Loan Trust 2013-6
Monthly Servicing Report
Distribution Date 12/26/2024
Collection Period 11/01/2024 - 11/30/2024
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 2013-6 Monthly Servicing Report: Collection Period 11/01/2024 - 11/30/2024, Distribution Date 12/26/2024
|
|
I.
|
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
11/14/2013
|
10/31/2024
|
11/30/2024
|
|||||||||
|
|
Principal Balance
|
$
|
952,236,013.41
|
$
|
192,082,705.10
|
$
|
190,314,965.66
|
||||||
|
|
Interest to be Capitalized Balance
|
19,888,623.55
|
2,521,596.24
|
2,524,129.08
|
|||||||||
|
|
Pool Balance
|
$
|
972,124,636.96
|
$
|
194,604,301.34
|
$
|
192,839,094.74
|
||||||
|
|
Specified Reserve Account Balance
|
4,992,316.00
|
- N/A -
|
- N/A -
|
|||||||||
|
|
Adjusted Pool (1)
|
$
|
977,116,952.96
|
$
|
194,604,301.34
|
$
|
192,839,094.74
|
||||||
|
|
Weighted Average Coupon (WAC)
|
6.29
|
%
|
7.13
|
%
|
7.12
|
%
|
||||||
|
|
Number of Loans
|
200,093
|
29,237
|
28,882
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
-
|
-
|
||||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
194,604,301.34
|
$
|
192,839,094.74
|
||||||||
|
|
Pool Factor
|
0.194903842
|
0.193135918
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
(23.49
|
)%
|
(25.02
|
)%
|
| (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
|
11/25/2024
|
12/26/2024 | ||||||
|
A3
|
78448CAG4
|
$
|
165,258,258.33
|
$ |
163,510,703.79 |
|||||
|
B |
78448CAH2
|
$
|
27,400,000.00
|
$
|
27,400,000.00
|
|
C |
Account Balances
|
11/25/2024
|
12/26/2024
|
||||||
|
Reserve Account Balance
|
$
|
998,463.00
|
$
|
998,463.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
60,022.23
|
$
|
29,191.61
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|
D |
Asset / Liability
|
11/25/2024
|
12/26/2024
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
194,604,301.34
|
$
|
192,839,094.74
|
|||||
|
Total Notes
|
$
|
192,658,258.33
|
$
|
190,910,703.79
|
|||||
|
Difference
|
$
|
1,946,043.01
|
$
|
1,928,390.95
|
|||||
|
Parity Ratio
|
1.01010
|
1.01010
|
|
Page 2 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 11/01/2024 - 11/30/2024, Distribution Date 12/26/2024
|
| II. |
Trust Activity 11/01/2024 through 11/30/2024
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
525,250.42
|
||||
|
Guarantor Principal
|
1,347,786.41
|
||||
|
Consolidation Activity Principal
|
408,792.35
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
- |
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
2,281,829.18
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
255,992.05
|
||||
|
Guarantor Interest
|
82,975.54
|
||||
|
Consolidation Activity Interest
|
9,091.02
|
||||
|
Special Allowance Payments
|
415,251.52
|
||||
|
Interest Subsidy Payments
|
100,313.72
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
0.00 | ||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
6,284.16
|
||||
|
Total Interest Receipts
|
$
|
869,908.01
|
|||
|
C
|
Reserves in Excess of Requirement
|
-
|
|||
|
D
|
Investment Income
|
$
|
14,436.05
|
||
|
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
|
$
|
60,022.23
|
||
|
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
|
$
|
(51,743.75
|
)
|
||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(29,191.61
|
)
|
||
|
M |
AVAILABLE FUNDS
|
$
|
3,145,260.11
|
||
|
N |
Non-Cash Principal Activity During Collection Period
|
$
|
(514,089.74
|
)
|
|
|
O |
Non-Reimbursable Losses During Collection Period
|
$
|
15,387.56
|
||
|
P |
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
|
Q |
Aggregate Loan Substitutions
|
- |
|
Page 3 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 11/01/2024 - 11/30/2024, Distribution Date 12/26/2024
|
| III. |
2013-6 Portfolio Characteristics
|
|
11/30/2024
|
10/31/2024
|
||||||||||||||||||||||||||||||||
|
Wtd Avg Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg Coupon
|
# Loans
|
Principal
|
% of Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.87%
|
|
34
|
$
|
288,658.30
|
0.152%
|
|
6.89%
|
|
44
|
$
|
335,174.30
|
0.174%
|
|
||||||||||||||||||
|
|
GRACE
|
6.93%
|
|
17
|
$
|
82,200.00
|
0.043%
|
|
6.78%
|
|
9
|
$
|
56,184.00
|
0.029%
|
|
||||||||||||||||||
|
|
DEFERMENT
|
7.11%
|
|
1,535
|
$
|
9,514,681.23
|
4.999%
|
|
7.05%
|
|
1,578
|
$
|
9,742,480.72
|
5.072%
|
|
||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
7.15%
|
|
19,602
|
$
|
122,631,492.73
|
64.436%
|
|
7.14%
|
|
20,131
|
$
|
124,872,526.70
|
65.010%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
7.09%
|
|
1,316
|
$
|
10,043,160.81
|
5.277%
|
|
7.05%
|
|
1,052
|
$
|
7,482,619.71
|
3.896%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
7.09%
|
|
763
|
$
|
5,821,129.44
|
3.059%
|
|
7.09%
|
|
481
|
$
|
3,701,758.73
|
1.927%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
7.11%
|
|
405
|
$
|
3,153,279.80
|
1.657%
|
|
7.13%
|
|
373
|
$
|
2,905,271.48
|
1.513%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
7.02%
|
|
1,184
|
$
|
8,840,394.50
|
4.645%
|
|
6.99%
|
|
1,091
|
$
|
8,271,760.75
|
4.306%
|
|
||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
|
FORBEARANCE
|
7.09%
|
|
3,881
|
$
|
28,666,220.39
|
15.063%
|
|
7.14%
|
|
4,204
|
$
|
32,572,631.48
|
16.958%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
7.33%
|
|
145
|
$
|
1,273,748.46
|
0.669%
|
|
7.41%
|
|
274
|
$
|
2,142,297.23
|
1.115%
|
|
||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
TOTAL
|
28,882
|
$
|
190,314,965.66
|
100.00%
|
|
29,237
|
$
|
192,082,705.10
|
100.00%
|
|
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 11/01/2024 - 11/30/2024, Distribution Date 12/26/2024
|
| IV. |
2013-6 Portfolio Characteristics (cont'd)
|
|
11/30/2024
|
|
10/31/2024
|
||||||
|
Pool Balance
|
$
|
192,839,094.74
|
$
|
194,604,301.34
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
10,004,844.37
|
$
|
9,807,236.11
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
2,524,129.08
|
$
|
2,521,596.24
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
973,694.29
|
$
|
859,327.96
|
||||
|
Total # Loans
|
28,882
|
29,237
|
||||||
|
Total # Borrowers
|
8,199
|
8,308 | ||||||
|
Weighted Average Coupon
|
7.12
|
%
|
7.13%
|
|
||||
|
Weighted Average Remaining Term
|
194.09
|
193.80
|
|
|||||
|
Non-Reimbursable Losses
|
$
|
15,387.56
|
$
|
10,786.60
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
2,994,775.51
|
$
|
2,979,387.95
|
|
|||
|
Since Issued Constant Prepayment Rate (CPR)
|
-25.02
|
%
|
-23.49%
|
|||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
|
-
|
|||||
|
Cumulative Rejected Claim Repurchases
|
$
|
232,854.41
|
$
|
232,854.41
|
||||
|
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
|
$
|
529,595.64
|
$
|
923,881.16
|
||||
|
Borrower Interest Accrued
|
$
|
1,074,671.14
|
$
|
1,117,014.54
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
27,639.55
|
$
|
30,824.89
|
||||
|
Special Allowance Payments Accrued
|
$
|
66,892.48
|
$
|
91,205.72
|
|
Page 5 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 11/01/2024 - 11/30/2024, Distribution Date 12/26/2024
|
| V. |
2013-6 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%
|
*
|
|||||||||||
|
|
- GSL (1) - Subsidized
|
6.89
|
%
|
15,080
|
65,127,025.10
|
34.221
|
%
|
||||||||||
|
|
- GSL - Unsubsidized
|
6.92
|
%
|
13,020
|
99,812,403.53
|
52.446
|
%
|
||||||||||
|
|
- PLUS (2) Loans
|
8.50
|
%
|
782
|
25,375,537.03
|
13.333
|
%
|
||||||||||
|
|
- SLS (3) Loans
|
0.00
|
%
|
0
|
-
|
0.000
|
%
|
||||||||||
|
|
- Consolidation Loans
|
0.00
|
%
|
0
|
-
|
0.000
|
%
|
||||||||||
|
|
Total |
7.12
|
%
|
28,882
|
$
|
190,314,965.66
|
100.000
|
%
|
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon |
# LOANS
|
$ AMOUNT
|
%
|
*
|
|||||||||||
|
|
- Four Year
|
7.13
|
%
|
24,956
|
174,257,367.77
|
91.563
|
%
|
||||||||||
|
|
- Two Year
|
7.02
|
%
|
3,378
|
13,840,560.39
|
7.272
|
%
|
||||||||||
|
|
- Technical
|
7.01
|
%
|
507
|
2,070,232.59
|
1.088
|
%
|
||||||||||
|
|
- Other
|
7.21
|
%
|
41
|
146,804.91
|
0.077
|
%
|
||||||||||
|
|
Total |
7.12
|
%
|
28,882
|
$
|
190,314,965.66
|
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 2013-6 Monthly Servicing Report: Collection Period 11/01/2024 - 11/30/2024, Distribution Date 12/26/2024
|
| VI. |
2013-6 Waterfall for Distributions
|
|
Paid
|
Remaining Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
3,145,260.11
|
|||||||
|
A |
Trustee Fees |
- |
$ |
3,145,260.11 |
|||||
|
B
|
Primary Servicing Fee
|
$
|
39,526.01 |
$
|
3,105,734.10
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
3,099,067.10
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
782,469.44
|
$
|
2,316,597.66
|
||||
| E |
Class B Noteholders' Interest Distribution Amount
|
$
|
149,789.57
|
$
|
2,166,808.09
|
||||
|
F |
Reserve Account Reinstatement
|
-
|
$
|
2,166,808.09
|
|||||
|
G |
Class A Noteholders' Principal Distribution Amount
|
$
|
1,747,554.54
|
$
|
419,253.55
|
||||
|
H |
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
419,253.55
|
|||||
|
I |
Unpaid Expenses of The Trustees
|
-
|
$
|
419,253.55
|
|||||
|
J |
Carryover Servicing Fee
|
-
|
$
|
419,253.55
|
|||||
|
K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
419,253.55
|
|||||
|
L |
Excess Distribution Certificateholder
|
$
|
419,253.55 |
-
|
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
190,314,965.66
|
||
|
B
|
Interest to be Capitalized
|
$
|
2,524,129.08
|
||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
998,463.00
|
||
| E |
Less: Specified Reserve Account Balance
|
$
|
(998,463.00
|
)
|
|
|
F |
Total
|
$
|
192,839,094.74
|
||
|
G |
Class A Notes Outstanding (after application of available funds)
|
$
|
163,510,703.79
|
||
|
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 2013-6 Monthly Servicing Report: Collection Period 11/01/2024 - 11/30/2024, Distribution Date 12/26/2024
|
| VII. |
2013-6 Distributions
|
Distribution Amounts
|
A3
|
B |
|
||||||
|
Cusip/Isin
|
78448CAG4
|
78448CAH2
|
||||||
|
Beginning Balance
|
$
|
165,258,258.33
|
$
|
27,400,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.65
|
%
|
1.50
|
%
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
11/25/2024
|
11/25/2024
|
||||||
|
Accrual Period End
|
12/26/2024
|
12/26/2024
|
||||||
|
Daycount Fraction
|
0.08611111
|
0.08611111
|
||||||
|
Interest Rate*
|
5.49851
|
%
|
6.34851
|
%
|
||||
|
Accrued Interest Factor
|
0.004734828
|
0.005466773
|
||||||
|
Current Interest Due
|
$
|
782,469.44
|
$
|
149,789.57
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
782,469.44
|
$
|
149,789.57
|
||||
|
Interest Paid
|
$
|
782,469.44
|
$
|
149,789.57
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
1,747,554.54
|
-
|
|||||
|
Ending Principal Balance
|
$
|
163,510,703.79
|
$
|
27,400,000.00
|
||||
|
Paydown Factor
|
0.003421881
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.320169774
|
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 2013-6 Monthly Servicing Report: Collection Period 11/01/2024 - 11/30/2024, Distribution Date 12/26/2024
|
| VIII. |
2013-6 Reconciliations
|
| A |
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
192,658,258.33
|
|||
|
Adjusted Pool Balance
|
$
|
192,839,094.74
|
|||
|
Overcollateralization Amount
|
$
|
1,928,390.95
|
|||
|
Principal Distribution Amount
|
$
|
1,747,554.54
|
|||
|
Principal Distribution Amount Paid
|
$
|
1,747,554.54
|
|||
| B |
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
998,463.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
998,463.00
|
|||
|
Required Reserve Acct Balance
|
$
|
998,463.00
|
|||
|
Release to Collection Account
|
-
|
||||
|
Ending Reserve Account Balance
|
$
|
998,463.00
|
|||
| C |
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
60,022.23
|
|||
|
Deposits for the Period
|
$
|
29,191.61
|
|||
|
Release to Collection Account
|
$
|
(60,022.23
|
)
|
||
|
Ending Balance
|
$
|
29,191.61
|
|||
| D |
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
|
Page 9 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 11/01/2024 - 11/30/2024, Distribution Date 12/26/2024
|