Navient Student Loan Trust 2014 7
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 2014-7
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 2014-7 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
|
$
|
154,923,176.48
|
$
|
48,691,604.32
|
$
|
48,534,995.25
|
||||||
|
|
Interest to be Capitalized Balance
|
872,283.20
|
197,390.67
|
210,505.15
|
|||||||||
|
|
Pool Balance
|
$
|
155,795,459.68
|
$
|
48,888,994.99
|
$
|
48,745,500.40
|
||||||
|
|
Specified Reserve Account Balance
|
3,559,654.00
|
- N/A -
|
- N/A -
|
|||||||||
|
|
Adjusted Pool (1)
|
$
|
159,355,113.68
|
$
|
48,888,994.99
|
$
|
48,745,500.40
|
||||||
|
|
Weighted Average Coupon (WAC)
|
5.58%
|
|
5.74%
|
|
5.74%
|
|
||||||
|
|
Number of Loans
|
6,861
|
1,894
|
1,874
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
2,746,850.65
|
$
|
2,744,263.34
|
||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
46,142,144.34
|
$
|
46,001,237.06
|
||||||||
|
|
Pool Factor
|
0.309019426
|
0.308112420
|
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
4.96%
|
|
4.89%
|
|
||||||||
| (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 |
63939AAA9
|
$
|
41,950,128.95
|
$
|
41,803,082.25
|
|||||
| B |
63939AAB7
|
$
|
4,200,000.00
|
$
|
4,200,000.00
|
|||||
|
C
|
Account Balances
|
01/26/2026
|
02/25/2026
|
||||||
|
|
Reserve Account Balance
|
$
|
158,207.00
|
$
|
158,207.00
|
||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
12,462.93
|
$
|
21,981.05
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability
|
01/26/2026
|
02/25/2026
|
||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
48,888,994.99
|
$
|
48,745,500.40
|
||||
|
|
Total Notes
|
$
|
46,150,128.95
|
$
|
46,003,082.25
|
||||
|
|
Difference |
$
|
2,738,866.04
|
$
|
2,742,418.15
|
||||
|
|
Parity Ratio
|
1.05935
|
1.05961
|
||||||
|
Page 2 of 9
|
Trust 2014-7 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
|
167,846.36
|
||||
|
Guarantor Principal
|
34,328.78
|
||||
|
Consolidation Activity Principal
|
93,909.37
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
|
|||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
296,084.51
|
|||
| B |
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
78,942.69
|
||||
|
Guarantor Interest
|
2,215.45
|
||||
|
Consolidation Activity Interest
|
193.96
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
1,299.62
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
2,954.56
|
||||
|
Total Interest Receipts
|
$
|
85,606.28
|
|||
| C |
Reserves in Excess of Requirement
|
|
-
|
||
| D |
Investment Income
|
$
|
4,346.24
|
||
|
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
|
$
|
(43,848.31)
|
|
||
|
Floor Income Rebate Fees to Dept. of Education
|
-
|
||||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(9,518.12)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
332,670.60
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(139,475.44)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
742.96
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2014-7 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
| III. |
2014-7 Portfolio Characteristics
|
|
|
|
01/31/2026
|
12/31/2025
|
||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
DEFERMENT
|
5.02%
|
|
53
|
$
|
1,384,985.84
|
2.854%
|
|
5.08%
|
|
56
|
$
|
1,325,108.60
|
2.721%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
5.62%
|
|
1,485
|
$
|
32,722,232.38
|
67.420%
|
|
5.55%
|
|
1,504
|
$
|
32,875,903.99
|
67.519%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
5.55%
|
|
49
|
$
|
1,593,164.57
|
3.283%
|
|
6.03%
|
|
69
|
$
|
2,605,372.07
|
5.351%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
5.36%
|
|
39
|
$
|
1,475,379.62
|
3.040%
|
|
6.68%
|
|
35
|
$
|
2,551,245.41
|
5.240%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.95%
|
|
29
|
$
|
1,845,852.22
|
3.803%
|
|
5.66%
|
|
24
|
$
|
1,383,318.52
|
2.841%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.00%
|
|
68
|
$
|
2,364,735.19
|
4.872%
|
|
6.06%
|
|
74
|
$
|
2,842,230.59
|
5.837%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
6.06%
|
|
137
|
$
|
6,461,209.50
|
13.312%
|
|
6.31%
|
|
124
|
$
|
4,911,293.96
|
10.087%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.95%
|
|
14
|
$
|
687,435.93
|
1.416%
|
|
6.00%
|
|
8
|
$
|
197,131.18
|
0.405%
|
|
||||||||||||||||||
|
TOTAL
|
|
1,874
|
$
|
48,534,995.25
|
100.00%
|
|
1,894
|
$
|
48,691,604.32
|
100.00%
|
|
||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2014-7 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
| IV. |
2014-7 Portfolio Characteristics (cont'd)
|
|
01/31/2026
|
12/31/2025
|
|||||||
|
Pool Balance
|
$
|
48,745,500.40
|
$
|
48,888,994.99
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
1,688,960.66
|
$
|
1,683,283.99
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
210,505.15
|
$
|
197,390.67
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
260,748.68
|
$
|
284,521.28
|
||||
|
Total # Loans
|
1,874
|
1,894
|
||||||
|
Total # Borrowers
|
1,050
|
1,062
|
||||||
|
Weighted Average Coupon
|
5.74%
|
|
5.74%
|
|
||||
|
Weighted Average Remaining Term
|
202.00
|
201.26
|
||||||
|
Non-Reimbursable Losses
|
$
|
742.96
|
$
|
25,179.54
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
714,543.17
|
$
|
713,800.21
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
4.89%
|
|
4.96%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
63,994.14
|
$
|
63,994.14
|
||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
$ |
7,581.85
|
$ |
11,133.96
|
||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
140,242.51
|
$
|
151,003.76
|
||||
|
Borrower Interest Accrued
|
$
|
226,432.45
|
$
|
229,410.94
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
5,883.43
|
$
|
5,965.21
|
||||
|
Special Allowance Payments Accrued
|
$
|
53,257.15
|
$
|
57,229.57
|
||||
|
Page 5 of 9
|
Trust 2014-7 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
|
V.
|
2014-7 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
|
5.74%
|
|
1,874
|
48,534,995.25
|
100.000%
|
|
||||||||||
|
|
Total
|
5.74%
|
|
1,874
|
$
|
48,534,995.25
|
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
|
8.00%
|
|
1
|
15,943.90
|
0.033%
|
|
||||||||||
|
|
- Other
|
5.74%
|
|
1,873
|
48,519,051.35
|
99.967%
|
|
||||||||||
|
|
Total
|
5.74%
|
|
1,874
|
$
|
48,534,995.25
|
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 2014-7 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
|
VI.
|
2014-7 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
332,670.60
|
|||||||
| A |
Trustee Fees
|
|
-
|
$
|
332,670.60
|
||||
| B |
Primary Servicing Fee
|
$
|
5,787.90
|
$
|
326,882.70
|
||||
| C |
Administration Fee
|
$
|
6,667.00
|
$
|
320,215.70
|
||||
| D |
Class A Noteholders' Interest Distribution Amount
|
$
|
154,577.84
|
$
|
165,637.86
|
||||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
18,591.16
|
$
|
147,046.70
|
||||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
147,046.70
|
|||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
147,046.70
|
$
|
(0.00)
|
||||
|
H
|
Class B Noteholders' Principal Distribution Amount
|
-
|
$
|
(0.00)
|
|||||
|
I
|
Unpaid Expenses of The Trustees
|
-
|
$
|
(0.00)
|
|||||
|
J
|
Carryover Servicing Fee
|
-
|
$
|
(0.00)
|
|||||
|
K
|
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$
|
(0.00)
|
|||||
|
L
|
Excess Distribution Certificateholder
|
|
-
|
$ |
(0.00)
|
||||
|
Waterfall Triggers
|
|||||
| A |
Student Loan Principal Outstanding
|
$
|
48,534,995.25
|
||
| B |
Interest to be Capitalized
|
$
|
210,505.15
|
||
| C |
Capitalized Interest Account Balance
|
-
|
|||
| D |
Reserve Account Balance (after any reinstatement)
|
$
|
158,207.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(158,207.00)
|
|
|
|
F
|
Total
|
$
|
48,745,500.40
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
41,803,082.25
|
||
|
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 2014-7 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
| VII. |
2014-7 Distributions
|
Distribution Amounts
| A |
|
B |
|
|||||
|
Cusip/Isin
|
63939AAA9
|
63939AAB7
|
||||||
|
Beginning Balance
|
$
|
41,950,128.95
|
$
|
4,200,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.61%
|
|
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*
|
4.42176%
|
|
5.31176%
|
|
||||
|
Accrued Interest Factor
|
0.003684800
|
0.004426467
|
||||||
|
Current Interest Due
|
$
|
154,577.84
|
$
|
18,591.16
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
154,577.84
|
$
|
18,591.16
|
||||
|
Interest Paid
|
$
|
154,577.84
|
$
|
18,591.16
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
147,046.70
|
-
|
|||||
|
Ending Principal Balance
|
$
|
41,803,082.25
|
$
|
4,200,000.00
|
||||
|
Paydown Factor
|
0.000956090
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.271801575
|
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 2014-7 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
| VIII. |
2014-7 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance
|
$
|
46,150,128.95
|
||
|
|
Adjusted Pool Balance
|
$
|
48,745,500.40
|
||
|
|
Overcollateralization Amount
|
$
|
2,750,000.00
|
||
|
|
Principal Distribution Amount
|
$
|
154,628.55
|
||
|
|
Principal Distribution Amount Paid
|
$
|
147,046.70
|
||
|
B
|
Reserve Account Reconciliation
|
||||
|
|
Beginning Period Balance
|
$
|
158,207.00
|
||
|
|
Reserve Funds Utilized
|
0.00
|
|||
|
|
Reserve Funds Reinstated
|
0.00
|
|||
|
|
Balance Available
|
$
|
158,207.00
|
||
|
|
Required Reserve Acct Balance
|
$
|
158,207.00
|
||
|
|
Release to Collection Account
|
|
-
|
||
|
|
Ending Reserve Account Balance
|
$
|
158,207.00
|
||
|
C
|
Floor Income Rebate Account
|
||||
|
|
Beginning Period Balance
|
$
|
12,462.93
|
||
|
|
Deposits for the Period
|
$
|
9,518.12
|
||
|
|
Release to Collection Account
|
|
-
|
||
|
|
Ending Balance
|
$
|
21,981.05
|
||
|
D
|
Supplemental Purchase Account
|
||||
|
|
Beginning Period Balance
|
-
|
|||
|
|
Supplemental Loan Purchases
|
-
|
|||
|
|
Transfers to Collection Account
|
-
|
|||
|
|
Ending Balance
|
-
|
|||
|
Page 9 of 9
|
Trust 2014-7 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026 |
Navient Student Loan Trust 2014 7 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]