Navient Student Loan Trust 2014 8
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 2014-8
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 2014-8 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| I. |
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
11/25/2014
|
09/30/2025
|
10/31/2025
|
|||||||||
|
|
Principal Balance
|
$
|
986,262,493.46
|
$
|
233,845,059.16
|
$
|
232,856,700.10
|
||||||
|
|
Interest to be Capitalized Balance
|
9,997,361.62
|
2,717,866.95
|
2,867,238.08
|
|||||||||
|
|
Pool Balance
|
$
|
996,259,855.08
|
$
|
236,562,926.11
|
$
|
235,723,938.18
|
||||||
|
|
Specified Reserve Account Balance
|
5,098,821.00
|
- N/A -
|
- N/A -
|
|||||||||
|
|
Adjusted Pool (1)
|
$
|
1,001,358,676.08
|
$
|
236,562,926.11
|
$
|
235,723,938.18
|
||||||
|
|
Weighted Average Coupon (WAC)
|
5.29%
|
|
6.88%
|
|
6.88%
|
|
||||||
|
|
Number of Loans
|
247,055
|
39,051
|
38,644
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
23,334,114.53
|
$
|
23,228,411.05
|
||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
213,228,811.58
|
$
|
212,495,527.13
|
||||||||
|
|
Pool Factor
|
0.231978047
|
0.231155320
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
(43.34)%
|
|
(43.52)%
|
|
||||||||
| (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
|
|||||||
|
A3
|
63939DAC9
|
$
|
206,297,296.85
|
$
|
205,466,698.80
|
||||||
| B |
63939DAD7
|
$
|
27,900,000.00
|
$
|
27,900,000.00
|
||||||
|
C
|
Account Balances
|
10/27/2025
|
11/25/2025
|
||||||
|
|
Reserve Account Balance
|
$
|
1,019,764.00
|
$
|
1,019,764.00
|
||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
84,564.92
|
$
|
138,199.20
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability
|
10/27/2025
|
11/25/2025
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
236,562,926.11
|
$
|
235,723,938.18
|
||||
|
|
Total Notes
|
$
|
234,197,296.85
|
$
|
233,366,698.80
|
||||
|
|
Difference
|
$
|
2,365,629.26
|
$
|
2,357,239.38
|
||||
|
|
Parity Ratio
|
1.01010
|
1.01010
|
||||||
|
Page 2 of 9
|
Trust 2014-8 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
|
463,801.37
|
||||
|
Guarantor Principal
|
897,151.10
|
||||
|
Consolidation Activity Principal
|
565,970.83
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
1,926,923.30
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
243,826.26
|
||||
|
Guarantor Interest
|
37,597.63
|
||||
|
Consolidation Activity Interest
|
19,663.86
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
737.45
|
|
|||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
13,223.03
|
||||
|
Total Interest Receipts
|
$
|
315,048.23
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
14,372.63
|
||
|
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
|
$
|
(53,634.28)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
2,202,709.88
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(938,564.24)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
21,402.18
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2014-8 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| III. |
2014-8 Portfolio Characteristics
|
|
10/31/2025
|
09/30/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg Coupon
|
# Loans
|
Principal
|
% of Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.28%
|
|
22
|
$
|
101,119.00
|
0.043%
|
|
6.29%
|
|
23
|
$
|
104,619.00
|
0.045%
|
|
||||||||||||||||||
|
|
GRACE |
6.61%
|
|
6
|
$
|
19,937.00
|
0.009%
|
|
6.57%
|
|
5
|
$
|
16,437.00
|
0.007%
|
|
||||||||||||||||||
|
|
DEFERMENT |
6.58%
|
|
2,615
|
$
|
14,254,085.20
|
6.121%
|
|
6.58%
|
|
2,713
|
$
|
14,709,891.77
|
6.290%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.88%
|
|
23,926
|
$
|
132,769,163.24
|
57.018%
|
|
6.89%
|
|
24,193
|
$
|
135,304,115.34
|
57.861%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
7.00%
|
|
1,546
|
$
|
12,202,870.14
|
5.241%
|
|
6.90%
|
|
1,318
|
$
|
8,938,463.78
|
3.822%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.88%
|
|
925
|
$
|
6,234,999.46
|
2.678%
|
|
6.87%
|
|
1,112
|
$
|
8,182,311.62
|
3.499%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.89%
|
|
695
|
$
|
5,359,234.87
|
2.302%
|
|
7.01%
|
|
632
|
$
|
4,947,395.76
|
2.116%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.89%
|
|
2,845
|
$
|
19,377,973.82
|
8.322%
|
|
6.86%
|
|
3,075
|
$
|
19,858,518.44
|
8.492%
|
|
||||||||||||||||||
|
|
FORBEARANCE |
6.96%
|
|
5,502
|
$
|
39,116,694.05
|
16.799%
|
|
6.98%
|
|
5,531
|
$
|
39,079,045.82
|
16.712%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.81%
|
|
562
|
$
|
3,420,623.32
|
1.469%
|
|
6.78%
|
|
449
|
$
|
2,704,260.63
|
1.156%
|
|
||||||||||||||||||
|
TOTAL
|
38,644
|
$
|
232,856,700.10
|
100.00%
|
|
39,051
|
$
|
233,845,059.16
|
100.00%
|
|
|||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2014-8 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| IV. |
2014-8 Portfolio Characteristics (cont'd)
|
|
10/31/2025
|
09/30/2025
|
|||||||
|
Pool Balance
|
$
|
235,723,938.18
|
$
|
236,562,926.11
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
10,997,736.37
|
$
|
10,950,537.27
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
2,867,238.08
|
$
|
2,717,866.95
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,564,750.67
|
$
|
1,661,410.14
|
||||
|
Total # Loans
|
38,644
|
39,051
|
||||||
|
Total # Borrowers
|
14,350
|
14,523
|
||||||
|
Weighted Average Coupon
|
6.88%
|
|
6.88%
|
|
||||
|
Weighted Average Remaining Term
|
192.63
|
192.11
|
||||||
|
Non-Reimbursable Losses
|
$
|
21,402.18
|
$
|
39,701.91
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,373,390.43
|
$
|
6,351,988.25
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-43.52%
|
|
-43.34%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
|
-
|
-
|
|||||
|
Cumulative Rejected Claim Repurchases
|
$
|
618,889.27
|
$
|
618,889.27
|
||||
|
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
|
$
|
958,765.92
|
$
|
904,891.62
|
||||
|
Borrower Interest Accrued
|
$
|
1,301,230.77
|
$
|
1,265,155.37
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
54,883.63
|
$
|
53,076.99
|
||||
|
Special Allowance Payments Accrued
|
$
|
40,021.55
|
$
|
53,792.65
|
||||
|
Page 5 of 9
|
Trust 2014-8 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| V. |
2014-8 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
|
|||||||||||
|
|
- GSL (1) - Subsidized
|
6.77%
|
|
21,438
|
95,511,557.63
|
41.017%
|
|
||||||||||
|
|
- GSL - Unsubsidized
|
6.76%
|
|
16,404
|
120,087,208.10
|
51.571%
|
|
||||||||||
|
|
- PLUS (2) Loans
|
8.36%
|
|
678
|
16,195,074.66
|
6.955%
|
|
||||||||||
|
|
- SLS (3) Loans
|
7.28%
|
|
124
|
1,062,859.71
|
0.456%
|
|
||||||||||
|
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
Total
|
6.88%
|
|
38,644
|
$
|
232,856,700.10
|
100.000%
|
|
|||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
|
|||||||||||
|
|
- Four Year
|
6.89%
|
|
30,568
|
197,711,478.14
|
84.907%
|
|
||||||||||
|
|
- Two Year
|
6.83%
|
|
6,205
|
27,196,810.46
|
11.680%
|
|
||||||||||
|
|
- Technical
|
6.87%
|
|
1,845
|
7,828,608.24
|
3.362%
|
|
||||||||||
|
|
- Other
|
6.52%
|
|
26
|
119,803.26
|
0.051%
|
|
||||||||||
|
|
Total
|
6.88%
|
|
38,644
|
$
|
232,856,700.10
|
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 2014-8 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| VI. |
2014-8 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
2,202,709.88
|
|||||||
|
A
|
Trustee Fees
|
-
|
$
|
2,202,709.88
|
|||||
|
B
|
Primary Servicing Fee
|
$
|
69,105.27
|
$
|
2,133,604.61
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
2,126,937.61
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
813,847.59
|
$
|
1,313,090.02
|
||||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
130,293.64
|
$
|
1,182,796.38
|
||||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
1,182,796.38
|
|||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
830,598.05
|
$
|
352,198.33
|
||||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
352,198.33
|
|||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$
|
352,198.33
|
|||||
|
J
|
Carryover Servicing Fee
|
-
|
$
|
352,198.33
|
|||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
352,198.33
|
|||||
|
L
|
Excess Distribution Certificateholder
|
$
|
352,198.33
|
-
|
|||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
232,856,700.10
|
||
|
B
|
Interest to be Capitalized
|
$
|
2,867,238.08
|
||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
1,019,764.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(1,019,764.00)
|
|
|
|
F
|
Total
|
$
|
235,723,938.18
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
205,466,698.80
|
||
|
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 2014-8 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
VII.
|
2014-8 Distributions
|
Distribution Amounts
|
A3
|
B |
|
||||||
|
Cusip/Isin
|
63939DAC9
|
63939DAD7
|
||||||
|
Beginning Balance
|
$
|
206,297,296.85
|
$
|
27,900,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.60%
|
|
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*
|
4.89727%
|
|
5.79727%
|
|
||||
|
Accrued Interest Factor
|
0.003945023
|
0.004670023
|
||||||
|
Current Interest Due
|
$
|
813,847.59
|
$
|
130,293.64
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
813,847.59
|
$
|
130,293.64
|
||||
|
Interest Paid
|
$
|
813,847.59
|
$
|
130,293.64
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
830,598.05
|
-
|
|||||
|
Ending Principal Balance
|
$
|
205,466,698.80
|
$
|
27,900,000.00
|
||||
|
Paydown Factor
|
0.001771754
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.438282207
|
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 2014-8 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
| VIII. |
2014-8 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance
|
$
|
234,197,296.85
|
||
|
|
Adjusted Pool Balance
|
$
|
235,723,938.18
|
||
|
|
Overcollateralization Amount
|
$
|
2,357,239.38
|
||
|
|
Principal Distribution Amount
|
$
|
830,598.05
|
||
|
|
Principal Distribution Amount Paid
|
$
|
830,598.05
|
||
|
B
|
Reserve Account Reconciliation
|
||||
|
|
Beginning Period Balance
|
$
|
1,019,764.00
|
||
|
|
Reserve Funds Utilized
|
0.00
|
|||
|
|
Reserve Funds Reinstated
|
0.00
|
|||
|
|
Balance Available
|
$
|
1,019,764.00
|
||
|
|
Required Reserve Acct Balance
|
$
|
1,019,764.00
|
||
|
|
Release to Collection Account
|
|
-
|
||
|
|
Ending Reserve Account Balance
|
$
|
1,019,764.00
|
||
|
C
|
Floor Income Rebate Account
|
||||
|
|
Beginning Period Balance
|
$
|
84,564.92
|
||
|
|
Deposits for the Period
|
$
|
53,634.28
|
||
|
|
Release to Collection Account
|
-
|
|||
|
|
Ending Balance
|
$
|
138,199.20
|
||
|
|
|||||
|
D
|
Supplemental Purchase Account
|
||||
|
|
Beginning Period Balance
|
-
|
|||
|
|
Supplemental Loan Purchases
|
-
|
|||
|
|
Transfers to Collection Account
|
-
|
|||
|
|
Ending Balance
|
-
|
|||
|
Page 9 of 9
|
Trust 2014-8 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
Navient Student Loan Trust 2014 8 published this content on December 08, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 08, 2025 at 14:53 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]