SLM Student Loan Trust 2013 1
07/08/2026 | Press release | Distributed by Public on 07/08/2026 09:24
Asset-Backed Issuer Distribution Report (Form 10-D)
SLM Student Loan Trust 2013-1
Monthly Servicing Report
Distribution Date 06/25/2026
Collection Period 05/01/2026 - 05/31/2026
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 2013-1 Monthly Servicing Report: Collection Period 05/01/2026 - 05/31/2026, Distribution Date 06/25/2026
|
|
I.
|
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
02/14/2013
|
04/30/2026
|
05/31/2026
|
||||||||||
|
Principal Balance
|
$
|
1,181,837,043.20
|
$
|
210,341,095.09
|
$
|
209,052,052.14
|
||||||||
|
Interest to be Capitalized Balance
|
27,971,606.70
|
3,556,893.14
|
3,554,774.29
|
|||||||||||
|
Pool Balance
|
$
|
1,209,808,649.90
|
$
|
213,897,988.23
|
$
|
212,606,826.43
|
||||||||
|
Specified Reserve Account Balance
|
9,373,341.00
|
- N/A -
|
- N/A -
|
|||||||||||
|
Adjusted Pool (1)
|
$
|
1,219,181,990.90
|
$
|
213,897,988.23
|
$
|
212,606,826.43
|
||||||||
|
Weighted Average Coupon (WAC)
|
6.88%
|
|
6.92%
|
|
6.92%
|
|
||||||||
|
Number of Loans
|
271,308
|
30,427
|
30,121
|
|||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
555,028.43
|
$
|
559,197.64
|
||||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
213,342,959.80
|
$
|
212,047,628.79
|
||||||||||
|
Pool Factor
|
0.171148671
|
0.170115558
|
||||||||||||
|
Since Issued Constant Prepayment Rate
|
(77.45)%
|
|
(77.05)%
|
|
||||||||||
| (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
|
05/26/2026
|
06/25/2026
|
||||||
|
A3
|
78447MAC2
|
$
|
176,759,008.35
|
$
|
175,480,758.17
|
|||||
|
B
|
78447MAD0
|
$
|
35,000,000.00
|
$
|
35,000,000.00
|
|||||
|
C
|
Account Balances
|
05/26/2026
|
06/25/2026
|
||||||
|
Reserve Account Balance
|
$
|
1,249,779.00
|
$
|
1,249,779.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
518,454.13
|
$
|
181,809.73
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
|
D
|
Asset / Liability
|
05/26/2026
|
06/25/2026
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
213,897,988.23
|
$
|
212,606,826.43
|
|||||
|
Total Notes
|
$
|
211,759,008.35
|
$
|
210,480,758.17
|
|||||
|
Difference
|
$
|
2,138,979.88
|
$
|
2,126,068.26
|
|||||
|
Parity Ratio
|
1.01010
|
1.01010
|
|||||||
|
Page 2 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 05/01/2026 - 05/31/2026, Distribution Date 06/25/2026
|
|
II.
|
Trust Activity 05/01/2026 through 05/31/2026
|
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
428,485.50
|
||||
|
Guarantor Principal
|
1,102,360.42
|
||||
|
Consolidation Activity Principal
|
536,916.52
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
2,067,762.44
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
259,150.98
|
||||
|
Guarantor Interest
|
40,955.63
|
||||
|
Consolidation Activity Interest
|
30,952.67
|
||||
|
Special Allowance Payments
|
100,256.96
|
||||
|
Interest Subsidy Payments
|
137,525.18
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
61.23
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
12,114.87
|
||||
|
Total Interest Receipts
|
$
|
581,017.52
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
13,849.04
|
||
|
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
|
$ |
518,454.13
|
||
|
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
|
$ |
(521,758.44)
|
|||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(181,809.73)
|
|||
|
M
|
AVAILABLE FUNDS
|
$
|
2,477,514.96
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(778,719.49)
|
||
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
24,496.53
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 05/01/2026 - 05/31/2026, Distribution Date 06/25/2026
|
|
III.
|
2013-1 Portfolio Characteristics
|
|
05/31/2026
|
04/30/2026
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal |
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.65%
|
|
36
|
$
|
164,973.46
|
0.079%
|
|
6.66%
|
|
35
|
$
|
179,896.52
|
0.086%
|
|
||||||||||||||||||
|
|
GRACE
|
6.80%
|
|
6
|
$
|
45,942.00
|
0.022%
|
|
6.80%
|
|
7
|
$
|
31,018.94
|
0.015%
|
|
||||||||||||||||||
|
|
DEFERMENT
|
6.80%
|
|
1,899
|
$
|
11,640,559.18
|
5.568%
|
|
6.79%
|
|
2,097
|
$
|
12,699,979.39
|
6.038%
|
|
||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.93%
|
|
20,083
|
$
|
134,018,157.66
|
64.108%
|
|
6.93%
|
|
20,000
|
$
|
131,902,964.72
|
62.709%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.97%
|
|
960
|
$
|
7,880,556.87
|
3.770%
|
|
6.97%
|
|
1,005
|
$
|
8,391,005.85
|
3.989%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.88%
|
|
695
|
$
|
5,463,289.25
|
2.613%
|
|
6.93%
|
|
585
|
$
|
4,795,227.29
|
2.280%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.86%
|
|
367
|
$
|
3,055,970.91
|
1.462%
|
|
6.90%
|
|
407
|
$
|
3,342,122.57
|
1.589%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.88%
|
|
1,320
|
$
|
10,892,608.15
|
5.210%
|
|
6.89%
|
|
1,286
|
$
|
11,137,359.00
|
5.295%
|
|
||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
|
FORBEARANCE
|
6.93%
|
|
4,432
|
$
|
33,637,522.48
|
16.091%
|
|
6.92%
|
|
4,663
|
$
|
35,197,962.45
|
16.734%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.94%
|
|
323
|
$
|
2,252,472.18
|
1.077%
|
|
7.03%
|
|
342
|
$
|
2,663,558.36
|
1.266%
|
|
||||||||||||||||||
|
TOTAL
|
30,121
|
$
|
209,052,052.14
|
100.00%
|
|
30,427
|
$
|
210,341,095.09
|
100.00%
|
|
|||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 05/01/2026 - 05/31/2026, Distribution Date 06/25/2026
|
|
IV.
|
2013-1 Portfolio Characteristics (cont'd)
|
|
05/31/2026
|
04/30/2026 | |||||||
|
Pool Balance
|
$
|
212,606,826.43
|
$
|
213,897,988.23
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
11,963,724.52
|
$
|
11,924,012.86
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
3,554,774.29
|
$
|
3,556,893.14
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,017,661.06
|
$
|
1,090,635.37
|
||||
|
Total # Loans
|
30,121
|
30,427
|
||||||
|
Total # Borrowers
|
12,024
|
12,167
|
||||||
|
Weighted Average Coupon
|
6.92%
|
|
6.92%
|
|
||||
|
Weighted Average Remaining Term
|
201.04
|
199.95
|
||||||
|
Non-Reimbursable Losses
|
$
|
24,496.53
|
$
|
32,186.78
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,825,967.55
|
$
|
6,801,471.02
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-77.05%
|
|
-77.45%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
477,941.48
|
$
|
477,941.48
|
||||
|
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
|
$
|
804,104.17
|
$
|
740,638.26
|
||||
|
Borrower Interest Accrued
|
$
|
1,173,984.47
|
$
|
1,142,307.62
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
44,030.29
|
$
|
45,280.88
|
||||
|
Special Allowance Payments Accrued
|
$
|
35,028.14
|
$
|
34,094.08
|
||||
|
Page 5 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 05/01/2026 - 05/31/2026, Distribution Date 06/25/2026
|
|
V.
|
2013-1 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- GSL (1) - Subsidized
|
6.76%
|
|
15,715
|
75,492,688.99
|
36.112%
|
|
|||||||||||
|
- GSL - Unsubsidized
|
6.79%
|
|
13,702
|
115,818,899.67
|
55.402%
|
|
|||||||||||
|
- PLUS (2) Loans
|
8.49%
|
|
700
|
17,719,011.62
|
8.476%
|
|
|||||||||||
|
- SLS (3) Loans
|
7.23%
|
|
4
|
21,451.86
|
0.010%
|
|
|||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.92%
|
|
30,121
|
$
|
209,052,052.14
|
100.000%
|
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- Four Year
|
6.94%
|
|
23,475
|
173,591,591.02
|
83.037%
|
|
|||||||||||
|
- Two Year
|
6.82%
|
|
5,316
|
28,291,797.71
|
13.533%
|
|
|||||||||||
|
- Technical
|
6.82%
|
|
1,330
|
7,168,663.41
|
3.429%
|
|
|||||||||||
|
- Other
|
0.00%
|
|
0 |
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.92%
|
|
30,121
|
$
|
209,052,052.14
|
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 2013-1 Monthly Servicing Report: Collection Period 05/01/2026 - 05/31/2026, Distribution Date 06/25/2026
|
|
VI.
|
2013-1 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
2,477,514.96
|
|||||||
|
A |
Trustee Fees |
- |
$ |
2,477,514.96
|
|||||
|
B
|
Primary Servicing Fee
|
$
|
62,977.45
|
$
|
2,414,537.51
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
2,407,870.51
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
629,936.70
|
$
|
1,777,933.81
|
||||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
161,191.92
|
$
|
1,616,741.89
|
||||
|
F
|
Reserve Account Reinstatement
|
- |
$
|
1,616,741.89
|
|||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
1,278,250.18
|
$ |
338,491.71
|
||||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$ |
338,491.71
|
|||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$ |
338,491.71
|
|||||
| J |
Carryover Servicing Fee
|
-
|
$ |
338,491.71
|
|||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$ |
338,491.71
|
|||||
|
L
|
Excess Distribution Certificateholder
|
$
|
338,491.71
|
-
|
|||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
209,052,052.14
|
||
|
B
|
Interest to be Capitalized
|
$
|
3,554,774.29
|
||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
1,249,779.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(1,249,779.00)
|
||
|
F
|
Total
|
$
|
212,606,826.43
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
175,480,758.17
|
||
|
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 2013-1 Monthly Servicing Report: Collection Period 05/01/2026 - 05/31/2026, Distribution Date 06/25/2026
|
|
VII.
|
2013-1 Distributions
|
Distribution Amounts
|
A3
|
B
|
|||||||
|
Cusip/Isin
|
78447MAC2
|
78447MAD0
|
||||||
|
Beginning Balance
|
$
|
176,759,008.35
|
$
|
35,000,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.55%
|
|
1.80%
|
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
5/26/2026
|
5/26/2026
|
||||||
|
Accrual Period End
|
6/25/2026
|
6/25/2026
|
||||||
|
Daycount Fraction
|
0.08333333
|
0.08333333
|
||||||
|
Interest Rate*
|
4.27658%
|
|
5.52658%
|
|
||||
|
Accrued Interest Factor
|
0.003563817
|
0.004605483
|
||||||
|
Current Interest Due
|
$
|
629,936.70
|
$
|
161,191.92
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
629,936.70
|
$
|
161,191.92
|
||||
|
Interest Paid
|
$
|
629,936.70
|
$
|
161,191.92
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
1,278,250.18
|
-
|
|||||
|
Ending Principal Balance
|
$
|
175,480,758.17
|
$
|
35,000,000.00
|
||||
|
Paydown Factor
|
0.002375930
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.326172413
|
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 2013-1 Monthly Servicing Report: Collection Period 05/01/2026 - 05/31/2026, Distribution Date 06/25/2026
|
|
VIII.
|
2013-1 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
211,759,008.35
|
|||
|
Adjusted Pool Balance
|
$
|
212,606,826.43
|
|||
|
Overcollateralization Amount
|
$
|
2,126,068.26
|
|||
|
Principal Distribution Amount
|
$
|
1,278,250.18
|
|||
|
Principal Distribution Amount Paid
|
$
|
1,278,250.18
|
|||
|
B
|
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
1,249,779.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
1,249,779.00
|
|||
|
Required Reserve Acct Balance
|
$
|
1,249,779.00
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Reserve Account Balance
|
$
|
1,249,779.00
|
|||
|
C
|
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
518,454.13
|
|||
|
Deposits for the Period
|
$
|
181,809.73
|
|||
|
Release to Collection Account
|
$ |
(518,454.13)
|
|||
|
Ending Balance
|
$
|
181,809.73
|
|||
|
D
|
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 05/01/2026 - 05/31/2026, Distribution Date 06/25/2026
|
SLM Student Loan Trust 2013 1 published this content on July 08, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 08, 2026 at 15:24 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]