Navient Student Loan Trust 2014 4
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 2014-4
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 2014-4 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
|
$
|
257,634,642.08
|
$
|
77,434,987.61
|
$
|
76,898,987.27
|
||||||
|
|
Interest to be Capitalized Balance
|
1,346,161.30
|
450,001.62
|
494,392.49
|
|||||||||
|
|
Pool Balance
|
$
|
258,980,803.38
|
$
|
77,884,989.23
|
$
|
77,393,379.76
|
||||||
|
|
Specified Reserve Account Balance
|
5,932,561.00
|
- N/A -
|
- N/A -
|
|||||||||
|
|
Adjusted Pool (1)
|
$
|
264,913,364.38
|
$
|
77,884,989.23
|
$
|
77,393,379.76
|
||||||
|
|
Weighted Average Coupon (WAC)
|
5.58%
|
|
5.66%
|
|
5.66%
|
|
||||||
|
|
Number of Loans
|
11,290
|
3,227
|
3,201
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
4,438,935.43
|
$
|
4,436,784.02
|
||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
73,446,053.80
|
$
|
72,956,595.74
|
||||||||
|
|
Pool Factor
|
0.295388835
|
0.293524343
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
5.64%
|
|
5.59%
|
|
||||||||
| (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 |
63938QAA5
|
$
|
67,466,502.82
|
$
|
67,075,102.70
|
|||||
| B |
63938QAB3
|
$
|
7,000,000.00
|
$
|
7,000,000.00
|
|||||
|
C
|
Account Balances
|
10/27/2025
|
11/25/2025
|
||||||
|
|
Reserve Account Balance
|
$
|
263,669.00
|
$
|
263,669.00
|
||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
12,387.38
|
$
|
20,156.29
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability
|
10/27/2025
|
11/25/2025
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
77,884,989.23
|
$
|
77,393,379.76
|
||||
|
|
Total Notes
|
$
|
74,466,502.82
|
$
|
74,075,102.70
|
||||
|
|
Difference
|
$
|
3,418,486.41
|
$
|
3,318,277.06
|
||||
|
|
Parity Ratio
|
1.04591
|
1.04480
|
||||||
|
Page 2 of 9
|
Trust 2014-4 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
|
259,567.21
|
||||
|
Guarantor Principal
|
109,710.38
|
||||
|
Consolidation Activity Principal
|
277,807.82
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
647,085.41
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
119,864.88
|
||||
|
Guarantor Interest
|
5,912.41
|
||||
|
Consolidation Activity Interest
|
1,343.87
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
1,864.82
|
||||
|
Servicer Interest Reimbursement
|
1,564.45
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
3,573.90
|
||||
|
Total Interest Receipts
|
$
|
134,124.33
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
4,374.52
|
||
|
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
|
$
|
(69,911.55)
|
|
||
|
Floor Income Rebate Fees to Dept. of Education
|
|
-
|
|
||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(7,768.91)
|
|
||
|
M |
AVAILABLE FUNDS
|
$
|
707,903.80
|
||
|
N |
Non-Cash Principal Activity During Collection Period
|
$
|
(111,085.07)
|
|
|
|
O |
Non-Reimbursable Losses During Collection Period
|
$
|
2,890.87
|
||
|
P |
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
|
Q |
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2014-4 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| III. |
2014-4 Portfolio Characteristics
|
|
10/31/2025
|
09/30/2025
|
|||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
|||||||||||||||||||||||||||
|
INTERIM:
|
DEFERMENT
|
5.98%
|
|
85
|
$
|
2,174,389.22
|
2.828%
|
|
5.90%
|
|
77
|
$
|
1,994,442.26
|
2.576%
|
|
|||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
5.55%
|
|
2,484
|
$
|
51,739,187.92
|
67.282%
|
|
5.57%
|
|
2,546
|
$
|
53,971,590.26
|
69.699%
|
|
|||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.38%
|
|
120
|
$
|
4,179,444.89
|
5.435%
|
|
6.12%
|
|
92
|
$
|
2,501,630.70
|
3.231%
|
|
|||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.34%
|
|
58
|
$
|
1,754,735.94
|
2.282%
|
|
5.62%
|
|
72
|
$
|
2,359,895.61
|
3.048%
|
|
|||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
5.35%
|
|
42
|
$
|
1,590,814.10
|
2.069%
|
|
5.95%
|
|
44
|
$
|
1,468,249.34
|
1.896%
|
|
|||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
5.63%
|
|
133
|
$
|
5,064,518.00
|
6.586%
|
|
5.61%
|
|
119
|
$
|
4,802,531.98
|
6.202%
|
|
|||||||||||||||||||
|
|
FORBEARANCE |
5.68%
|
|
243
|
$
|
9,132,387.31
|
11.876%
|
|
5.91%
|
|
245
|
$
|
9,160,090.67
|
11.829%
|
|
|||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.61%
|
|
36
|
$
|
1,263,509.89
|
1.643%
|
|
6.45%
|
|
32
|
$
|
1,176,556.79
|
1.519%
|
|
|||||||||||||||||||
|
TOTAL
|
3,201
|
$
|
76,898,987.27
|
100.00%
|
|
3,227
|
$
|
77,434,987.61
|
100.00%
|
|
||||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2014-4 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| IV. |
2014-4 Portfolio Characteristics (cont'd)
|
|
10/31/2025
|
09/30/2025
|
|||||||
|
Pool Balance
|
$
|
77,393,379.76
|
$
|
77,884,989.23
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
3,301,767.67
|
$
|
3,187,456.09
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
494,392.49
|
$
|
450,001.62
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
602,012.70
|
$
|
559,871.17
|
||||
|
Total # Loans
|
3,201
|
3,227
|
||||||
|
Total # Borrowers
|
1,805
|
1,817
|
||||||
|
Weighted Average Coupon
|
5.66%
|
|
5.66%
|
|
||||
|
Weighted Average Remaining Term
|
206.75
|
206.85
|
||||||
|
Non-Reimbursable Losses
|
$
|
2,890.87
|
$
|
1,773.31
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
1,092,833.63
|
$
|
1,089,942.76
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
5.59%
|
|
5.64%
|
|
||||
|
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
|
$ |
164,425.03
|
$ |
86,338.11
|
||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
113,997.32
|
$
|
164,860.71
|
||||
|
Borrower Interest Accrued
|
$
|
355,516.03
|
$
|
345,967.24
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
6,755.59
|
$
|
6,236.96
|
||||
|
Special Allowance Payments Accrued
|
$
|
111,596.60
|
$
|
115,559.47
|
||||
|
Page 5 of 9
|
Trust 2014-4 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| 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%
|
|
3,201
|
76,898,987.27
|
100.000%
|
|
||||||||||
|
|
Total
|
5.66%
|
|
3,201
|
$
|
76,898,987.27
|
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%
|
|
3,201
|
76,898,987.27
|
100.000%
|
|
||||||||||
|
|
Total
|
5.66%
|
|
3,201
|
$
|
76,898,987.27
|
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 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| VI. |
2014-4 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
707,903.80
|
|||||||
|
A
|
Trustee Fees
|
-
|
$
|
707,903.80
|
|||||
|
B
|
Primary Servicing Fee
|
$
|
9,902.65
|
$
|
698,001.15
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
691,334.15
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
267,243.87
|
$
|
424,090.28
|
||||
| E |
Class B Noteholders' Interest Distribution Amount
|
$
|
32,690.16
|
$
|
391,400.12
|
||||
| F |
Reserve Account Reinstatement
|
-
|
$
|
391,400.12
|
|||||
| G |
Class A Noteholders' Principal Distribution Amount
|
$
|
391,400.12
|
|
-
|
||||
| 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
|
$
|
76,898,987.27
|
||
|
B
|
Interest to be Capitalized
|
$
|
494,392.49
|
||
|
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
|
$
|
77,393,379.76
|
||
| G |
Class A Notes Outstanding (after application of available funds)
|
$
|
67,075,102.70
|
||
| 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 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| VII. |
2014-4 Distributions
|
Distribution Amounts
| A |
|
B |
|
|||||
|
Cusip/Isin
|
63938QAA5
|
63938QAB3
|
||||||
|
Beginning Balance
|
$
|
67,466,502.82
|
$
|
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
|
10/27/2025
|
10/27/2025
|
||||||
|
Accrual Period End
|
11/25/2025
|
11/25/2025
|
||||||
|
Daycount Fraction
|
0.08055556
|
0.08055556
|
||||||
|
Interest Rate*
|
4.91727%
|
|
5.79727%
|
|
||||
|
Accrued Interest Factor
|
0.003961134
|
0.004670023
|
||||||
|
Current Interest Due
|
$
|
267,243.87
|
$
|
32,690.16
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
267,243.87
|
$
|
32,690.16
|
||||
|
Interest Paid
|
$
|
267,243.87
|
$
|
32,690.16
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
391,400.12
|
-
|
|||||
|
Ending Principal Balance
|
$
|
67,075,102.70
|
$
|
7,000,000.00
|
||||
|
Paydown Factor
|
0.001526522
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.261603365
|
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 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| VIII. |
2014-4 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance
|
$
|
74,466,502.82
|
||
|
|
Adjusted Pool Balance
|
$
|
77,393,379.76
|
||
|
|
Overcollateralization Amount
|
$
|
3,482,702.09
|
||
|
|
Principal Distribution Amount
|
$
|
555,825.15
|
||
|
|
Principal Distribution Amount Paid
|
$
|
391,400.12
|
||
|
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
|
$
|
12,387.38
|
||
|
|
Deposits for the Period
|
$
|
7,768.91
|
||
|
|
Release to Collection Account
|
|
-
|
|
|
|
|
Ending Balance
|
$
|
20,156.29
|
||
|
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 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
Navient Student Loan Trust 2014 4 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]