SLM Student Loan Trust 2013 6
11/07/2024 | Press release | Distributed by Public on 11/07/2024 14:34
Asset Backed Issuer Distribution Report Form 10 D
SLM Student Loan Trust 2013-6
Monthly Servicing Report
Distribution Date 10/25/2024
Collection Period 09/01/2024 - 09/30/2024
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 09/01/2024 - 09/30/2024, Distribution Date 10/25/2024
|
|
I.
|
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
11/14/2013
|
08/31/2024
|
09/30/2024
|
|||||||||
|
|
Principal Balance
|
$
|
952,236,013.41
|
$
|
193,994,859.01
|
$
|
192,624,211.54
|
||||||
|
|
Interest to be Capitalized Balance
|
19,888,623.55
|
2,640,736.04
|
2,499,782.42
|
|||||||||
|
|
Pool Balance
|
$
|
972,124,636.96
|
$
|
196,635,595.05
|
$
|
195,123,993.96
|
||||||
|
|
Specified Reserve Account Balance
|
4,992,316.00
|
- N/A -
|
- N/A -
|
|||||||||
|
|
Adjusted Pool (1)
|
$
|
977,116,952.96
|
$
|
196,635,595.05
|
$
|
195,123,993.96
|
||||||
|
|
Weighted Average Coupon (WAC)
|
6.29%
|
|
7.13%
|
|
7.13%
|
|
||||||
|
|
Number of Loans
|
200,093
|
29,824
|
29,467
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
-
|
-
|
||||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR |
$
|
196,635,595.05
|
$
|
195,123,993.96
|
||||||||
|
|
Pool Factor
|
0.196938262
|
0.195424334
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
(20.44)%
|
|
(21.96)%
|
|
| (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
|
09/25/2024
|
10/25/2024
|
|||||||
|
A3
|
78448CAG4
|
$
|
167,269,239.10
|
$
|
165,772,754.02
|
||||||
|
B |
|
78448CAH2
|
$
|
27,400,000.00
|
$
|
27,400,000.00
|
|
C
|
Account Balances
|
09/25/2024
|
10/25/2024
|
||||||
|
|
Reserve Account Balance |
$
|
998,463.00
|
$
|
998,463.00
|
||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
16,559.73
|
$
|
33,776.48
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
|
D
|
Asset / Liability
|
09/25/2024
|
10/25/2024
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
196,635,595.05
|
$
|
195,123,993.96
|
||||
|
|
Total Notes
|
$
|
194,669,239.10
|
$
|
193,172,754.02
|
||||
|
|
Difference
|
$
|
1,966,355.95
|
$
|
1,951,239.94
|
||||
|
|
Parity Ratio |
1.01010
|
1.01010
|
|
Page 2 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 09/01/2024 - 09/30/2024, Distribution Date 10/25/2024
|
| II. |
Trust Activity 09/01/2024 through 09/30/2024
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
578,992.44
|
||||
|
Guarantor Principal
|
1,454,021.72
|
||||
|
Consolidation Activity Principal
|
184,101.16
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
(41.67)
|
|
|||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
2,217,073.65
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
282,254.72
|
||||
|
Guarantor Interest
|
78,181.27
|
||||
|
Consolidation Activity Interest
|
519.26
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
0.00
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
8,575.84
|
||||
|
Total Interest Receipts
|
$
|
369,531.09
|
|||
|
C
|
Reserves in Excess of Requirement
|
-
|
|||
|
D
|
Investment Income
|
$
|
23,787.85
|
||
|
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
|
-
|
||||
|
Floor Income Rebate Fees to Dept. of Education
|
-
|
||||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(17,216.75)
|
|
||
|
M |
AVAILABLE FUNDS
|
$
|
2,593,175.84
|
||
|
N |
Non-Cash Principal Activity During Collection Period
|
$
|
(846,426.18)
|
|
|
|
O |
Non-Reimbursable Losses During Collection Period
|
$
|
12,817.86
|
||
|
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 09/01/2024 - 09/30/2024, Distribution Date 10/25/2024
|
| III. |
2013-6 Portfolio Characteristics
|
|
09/30/2024
|
08/31/2024
|
||||||||||||||||||||||||||||||||
|
Wtd Avg Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg Coupon
|
# Loans
|
Principal
|
% of Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.88%
|
|
53
|
$
|
381,108.30
|
0.198%
|
|
6.86%
|
|
41
|
$
|
329,329.30
|
0.170%
|
|
||||||||||||||||||
|
|
GRACE
|
6.80%
|
|
2
|
$
|
20,500.00
|
0.011%
|
|
6.95%
|
|
14
|
$
|
72,279.00
|
0.037%
|
|
||||||||||||||||||
|
|
DEFERMENT
|
7.03%
|
|
1,548
|
$
|
9,630,072.03
|
4.999%
|
|
7.03%
|
|
1,582
|
$
|
9,766,551.81
|
5.034%
|
|
||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
7.13%
|
|
20,485
|
$
|
126,618,295.28
|
65.733%
|
|
7.13%
|
|
20,468
|
$
|
124,401,786.83
|
64.126%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
7.10%
|
|
808
|
$
|
6,063,232.91
|
3.148%
|
|
7.10%
|
|
814
|
$
|
5,741,305.25
|
2.960%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
7.14%
|
|
550
|
$
|
4,125,235.98
|
2.142%
|
|
7.07%
|
|
600
|
$
|
4,651,148.67
|
2.398%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
7.06%
|
|
404
|
$
|
3,152,624.50
|
1.637%
|
|
6.98%
|
|
532
|
$
|
4,059,569.04
|
2.093%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
7.10%
|
|
1,155
|
$
|
9,527,590.45
|
4.946%
|
|
7.18%
|
|
1,156
|
$
|
9,905,343.49
|
5.106%
|
|
||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
|
FORBEARANCE
|
7.14%
|
|
4,133
|
$
|
30,919,778.97
|
16.052%
|
|
7.12%
|
|
4,245
|
$
|
32,160,781.18
|
16.578%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
7.39%
|
|
329
|
$
|
2,185,773.12
|
1.135%
|
|
7.51%
|
|
372
|
$
|
2,906,764.44
|
1.498%
|
|
||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
TOTAL
|
29,467
|
$
|
192,624,211.54
|
100.00%
|
|
29,824
|
$
|
193,994,859.01
|
100.00%
|
|
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 09/01/2024 - 09/30/2024, Distribution Date 10/25/2024
|
| IV. |
2013-6 Portfolio Characteristics (cont'd)
|
|
09/30/2024
|
08/31/2024
|
|||||||
|
Pool Balance
|
$
|
195,123,993.96
|
$
|
196,635,595.05
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
9,936,516.15
|
$
|
10,070,344.65
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
2,499,782.42
|
$
|
2,640,736.04
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
933,726.94
|
$
|
1,067,290.32
|
||||
|
Total # Loans
|
29,467
|
29,824
|
||||||
|
Total # Borrowers
|
8,381
|
8,492
|
||||||
|
Weighted Average Coupon
|
7.13%
|
|
7.13%
|
|
||||
|
Weighted Average Remaining Term
|
193.11
|
192.70
|
||||||
|
Non-Reimbursable Losses
|
$
|
12,817.86
|
$
|
13,937.02
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
2,968,601.35
|
$
|
2,955,783.49
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-21.96%
|
|
-20.44%
|
|
||||
|
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
|
$
|
860,105.52
|
$
|
629,795.14
|
||||
|
Borrower Interest Accrued
|
$
|
1,085,255.62
|
$
|
1,128,220.08
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
30,348.67
|
$
|
33,117.56
|
||||
|
Special Allowance Payments Accrued
|
$
|
132,678.61
|
$
|
147,333.09
|
|
Page 5 of 9
|
Trust 2013-6 Monthly Servicing Report: Collection Period 09/01/2024 - 09/30/2024, Distribution Date 10/25/2024
|
| V. |
2013-6 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
|
- GSL (1) - Subsidized
|
6.89%
|
|
15,401
|
65,888,777.30
|
34.206%
|
|
||||||||||
|
|
- GSL - Unsubsidized
|
6.92%
|
|
13,259
|
100,580,147.66
|
52.216%
|
|
||||||||||
|
|
- PLUS (2) Loans
|
8.50%
|
|
807
|
26,155,286.58
|
13.578%
|
|
||||||||||
|
|
- SLS (3) Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
Total
|
7.13%
|
|
29,467
|
$
|
192,624,211.54
|
100.000%
|
|
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon |
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
|
- Four Year
|
7.14%
|
|
25,447
|
176,406,478.97
|
91.581%
|
|
||||||||||
|
|
- Two Year
|
7.02%
|
|
3,448
|
13,986,924.68
|
7.261%
|
|
||||||||||
|
|
- Technical
|
7.02%
|
|
531
|
2,093,172.20
|
1.087%
|
|
||||||||||
|
|
- Other
|
7.21%
|
|
41
|
137,635.69
|
0.071%
|
|
||||||||||
|
|
Total
|
7.13%
|
|
29,467
|
$
|
192,624,211.54
|
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 09/01/2024 - 09/30/2024, Distribution Date 10/25/2024
|
| VI. |
2013-6 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
|||||||
|
Total Available Funds
|
$
|
2,593,175.84
|
||||||
|
A
|
Trustee Fees
|
-
|
$
|
2,593,175.84
|
||||
|
B
|
Primary Servicing Fee
|
$
|
40,392.73
|
$
|
2,552,783.11
|
|||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
2,546,116.11
|
|||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
842,563.04
|
$
|
1,703,553.07
|
|||
| E |
Class B Noteholders' Interest Distribution Amount
|
$
|
157,426.70
|
$
|
1,546,126.37
|
|||
|
F |
Reserve Account Reinstatement
|
-
|
$
|
1,546,126.37
|
||||
| G |
Class A Noteholders' Principal Distribution Amount
|
$
|
1,496,485.08
|
$
|
49,641.29
|
|||
| H |
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
49,641.29
|
||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$
|
49,641.29
|
||||
|
J
|
Carryover Servicing Fee
|
-
|
$
|
49,641.29
|
||||
| K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
49,641.29
|
||||
|
L |
Excess Distribution Certificateholder
|
$ | 49,641.29 |
- |
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
192,624,211.54
|
||
|
B
|
Interest to be Capitalized
|
$
|
2,499,782.42
|
||
|
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
|
$
|
195,123,993.96
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
165,772,754.02
|
||
|
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 09/01/2024 - 09/30/2024, Distribution Date 10/25/2024
|
| VII. |
2013-6 Distributions
|
Distribution Amounts
|
A3
|
B |
|
||||||
|
Cusip/Isin
|
78448CAG4
|
78448CAH2
|
||||||
|
Beginning Balance
|
$
|
167,269,239.10
|
$
|
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
|
9/25/2024
|
9/25/2024
|
||||||
|
Accrual Period End
|
10/25/2024
|
10/25/2024
|
||||||
|
Daycount Fraction
|
0.08333333
|
0.08333333
|
||||||
|
Interest Rate*
|
6.04460%
|
|
6.89460%
|
|
||||
|
Accrued Interest Factor
|
0.005037167
|
0.005745500
|
||||||
|
Current Interest Due
|
$
|
842,563.04
|
$
|
157,426.70
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
842,563.04
|
$
|
157,426.70
|
||||
|
Interest Paid
|
$
|
842,563.04
|
$
|
157,426.70
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
1,496,485.08
|
-
|
|||||
|
Ending Principal Balance
|
$
|
165,772,754.02
|
$
|
27,400,000.00
|
||||
|
Paydown Factor
|
0.002930263
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.324599088
|
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 09/01/2024 - 09/30/2024, Distribution Date 10/25/2024
|
| VIII. |
2013-6 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance |
$
|
194,669,239.10
|
||
|
|
Adjusted Pool Balance
|
$
|
195,123,993.96
|
||
|
|
Overcollateralization Amount
|
$
|
1,951,239.94
|
||
|
|
Principal Distribution Amount
|
$
|
1,496,485.08
|
||
|
|
Principal Distribution Amount Paid
|
$
|
1,496,485.08
|
||
|
|
|||||
|
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
|
$
|
16,559.73
|
||
|
|
Deposits for the Period
|
$
|
17,216.75
|
||
|
|
Release to Collection Account
|
-
|
|||
|
|
Ending Balance
|
$
|
33,776.48
|
||
|
|
|||||
|
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 09/01/2024 - 09/30/2024, Distribution Date 10/25/2024
|