Navient Student Loan Trust 2014 3
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 2014-3
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 2014-3 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
|
$
|
257,379,779.65
|
$
|
79,397,606.86
|
$
|
78,021,909.83
|
|||||||
|
Interest to be Capitalized Balance
|
1,434,913.67
|
286,618.21
|
296,114.53
|
||||||||||
|
Pool Balance
|
$
|
258,814,693.32
|
$
|
79,684,225.07
|
$
|
78,318,024.36
|
|||||||
|
Specified Reserve Account Balance
|
5,924,377.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool (1)
|
$
|
264,739,070.32
|
$
|
79,684,225.07
|
$
|
78,318,024.36
|
|||||||
|
Weighted Average Coupon (WAC)
|
5.51%
|
|
5.79%
|
|
5.79%
|
|
|||||||
|
Number of Loans
|
11,328
|
3,226
|
3,198
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
5,237,964.08
|
$
|
5,273,148.72
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
74,446,260.99
|
$
|
73,044,875.64
|
|||||||||
|
Pool Factor
|
0.302630150
|
0.297441501
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
5.14%
|
|
5.19%
|
|
|||||||||
| (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 |
|
63938JAA1
|
$
|
69,113,430.30
|
$
|
67,793,713.26
|
|||||
| B |
|
63938JAB9
|
$
|
7,000,000.00
|
$
|
7,000,000.00
|
|||||
| C |
Account Balances
|
01/26/2026
|
02/25/2026 | ||||||
|
Reserve Account Balance
|
$
|
263,306.00
|
$
|
263,306.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
25,922.78
|
$
|
44,526.18
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
| D |
Asset / Liability
|
01/26/2026
|
02/25/2026 | ||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
79,684,225.07
|
$
|
78,318,024.36
|
|||||
|
Total Notes
|
$
|
76,113,430.30
|
$
|
74,793,713.26
|
|||||
|
Difference
|
$
|
3,570,794.77
|
$
|
3,524,311.10
|
|||||
|
Parity Ratio
|
1.04691
|
1.04712
|
|||||||
|
Page 2 of 9
|
Trust 2014-3 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
|
269,659.47
|
||||
|
Guarantor Principal
|
320,610.87
|
||||
|
Consolidation Activity Principal
|
1,028,408.36
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
|
|||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
1,618,678.70
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
126,287.01
|
||||
|
Guarantor Interest
|
21,332.72
|
||||
|
Consolidation Activity Interest
|
11,280.16
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
3,327.92
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
4,680.45
|
||||
|
Total Interest Receipts
|
$
|
166,908.26
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
3,843.73
|
||
|
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
|
$
|
(70,785.18)
|
|
||
|
Floor Income Rebate Fees to Dept. of Education
|
-
|
||||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(18,603.40)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
1,700,042.11
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(242,981.67)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
9,461.05
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2014-3 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| III. |
2014-3 Portfolio Characteristics
|
|
01/31/2026
|
12/31/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
DEFERMENT
|
5.77%
|
|
64
|
$
|
2,025,584.27
|
2.596%
|
|
5.83%
|
|
59
|
$
|
1,779,643.38
|
2.241%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
5.50%
|
|
2,614
|
$
|
53,672,290.65
|
68.791%
|
|
5.56%
|
|
2,643
|
$
|
55,190,097.22
|
69.511%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.34%
|
|
81
|
$
|
2,663,627.80
|
3.414%
|
|
6.32%
|
|
74
|
$
|
3,667,947.88
|
4.620%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
5.46%
|
|
47
|
$
|
1,864,422.29
|
2.390%
|
|
7.03%
|
|
45
|
$
|
2,654,022.06
|
3.343%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.65%
|
|
25
|
$
|
1,281,883.25
|
1.643%
|
|
6.96%
|
|
30
|
$
|
933,281.00
|
1.175%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.51%
|
|
117
|
$
|
4,954,604.31
|
6.350%
|
|
6.39%
|
|
129
|
$
|
5,113,638.27
|
6.441%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
6.68%
|
|
217
|
$
|
10,578,505.26
|
13.558%
|
|
6.13%
|
|
219
|
$
|
9,071,170.20
|
11.425%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.08%
|
|
33
|
$
|
980,992.00
|
1.257%
|
|
5.42%
|
|
27
|
$
|
987,806.85
|
1.244%
|
|
||||||||||||||||||
|
TOTAL
|
3,198
|
$
|
78,021,909.83
|
100.00%
|
|
3,226
|
$
|
79,397,606.86
|
100.00%
|
|
|||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2014-3 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| IV. |
2014-3 Portfolio Characteristics (cont'd)
|
|
01/31/2026
|
12/31/2025
|
|||||||
|
Pool Balance
|
$
|
78,318,024.36
|
$
|
79,684,225.07
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
3,116,168.43
|
$
|
3,161,945.64
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
296,114.53
|
$
|
286,618.21
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
590,305.19
|
$
|
646,206.76
|
||||
|
Total # Loans
|
3,198
|
3,226
|
||||||
|
Total # Borrowers
|
1,790
|
1,805
|
||||||
|
Weighted Average Coupon
|
5.79%
|
|
5.79%
|
|
||||
|
Weighted Average Remaining Term
|
204.53
|
206.60
|
||||||
|
Non-Reimbursable Losses
|
$
|
9,461.05
|
$
|
7,519.39
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
1,060,694.58
|
$
|
1,051,233.53
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
5.19%
|
|
5.14%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
440,252.75
|
$
|
440,252.75
|
||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
-
|
$ |
14,995.36
|
|||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
252,438.10
|
$
|
315,614.84
|
||||
|
Borrower Interest Accrued
|
$
|
369,035.52
|
$
|
371,419.59
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
11,389.02
|
$
|
10,920.72
|
||||
|
Special Allowance Payments Accrued
|
$
|
88,493.14
|
$
|
95,086.99
|
||||
|
Page 5 of 9
|
Trust 2014-3 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| V. |
2014-3 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
|
5.79%
|
|
3,198
|
78,021,909.83
|
100.000%
|
|
|||||||||||
|
Total
|
5.79%
|
|
3,198
|
$
|
78,021,909.83
|
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
|
5.79%
|
|
3,198
|
78,021,909.83
|
100.000%
|
|
|||||||||||
|
Total
|
5.79%
|
|
3,198
|
$
|
78,021,909.83
|
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 2014-3 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| VI. |
2014-3 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
1,700,042.11
|
|||||||
|
A
|
Trustee Fees
|
|
-
|
$
|
1,700,042.11
|
||||
|
B
|
Primary Servicing Fee
|
$
|
9,837.25
|
$
|
1,690,204.86
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
1,683,537.86
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
255,245.11
|
$
|
1,428,292.75
|
||||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
30,985.27
|
$
|
1,397,307.48
|
||||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
1,397,307.48
|
|||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
1,319,717.04
|
$
|
77,590.44
|
||||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
77,590.44
|
|||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$
|
77,590.44
|
|||||
|
J
|
Carryover Servicing Fee
|
-
|
$
|
77,590.44
|
|||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
77,590.44
|
|||||
|
L
|
Excess Distribution Certificateholder
|
$
|
77,590.44
|
-
|
|||||
|
Waterfall Triggers
|
|||||||||
|
A
|
Student Loan Principal Outstanding
|
$
|
78,021,909.83
|
||||||
|
B
|
Interest to be Capitalized
|
$
|
296,114.53
|
||||||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||||||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
263,306.00
|
||||||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(263,306.00)
|
|
|||||
|
F
|
Total
|
$
|
78,318,024.36
|
||||||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
67,793,713.26
|
||||||
|
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 2014-3 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| VII. |
2014-3 Distributions
|
Distribution Amounts
| A |
|
B |
|
|||||
|
Cusip/Isin
|
63938JAA1
|
63938JAB9
|
||||||
|
Beginning Balance
|
$
|
69,113,430.30
|
$
|
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
|
$
|
255,245.11
|
$
|
30,985.27
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
255,245.11
|
$
|
30,985.27
|
||||
|
Interest Paid
|
$
|
255,245.11
|
$
|
30,985.27
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
1,319,717.04
|
-
|
|||||
|
Ending Principal Balance
|
$
|
67,793,713.26
|
$
|
7,000,000.00
|
||||
|
Paydown Factor
|
0.005155145
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.264819192
|
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 2014-3 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
| VIII. |
2014-3 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
76,113,430.30
|
|||
|
Adjusted Pool Balance
|
$
|
78,318,024.36
|
|||
|
Overcollateralization Amount
|
$
|
3,524,311.10
|
|||
|
Principal Distribution Amount
|
$
|
1,319,717.04
|
|||
|
Principal Distribution Amount Paid
|
$
|
1,319,717.04
|
|||
|
B
|
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
263,306.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
263,306.00
|
|||
|
Required Reserve Acct Balance
|
$
|
263,306.00
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Reserve Account Balance
|
$
|
263,306.00
|
|||
|
C
|
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
25,922.78
|
|||
|
Deposits for the Period
|
$
|
18,603.40
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Balance
|
$
|
44,526.18
|
|||
|
D
|
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2014-3 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
Navient Student Loan Trust 2014 3 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]