Navient Student Loan Trust 2014 3
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 2014-3
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 2014-3 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
|
$
|
257,379,779.65
|
$
|
81,469,218.71
|
$
|
80,420,202.47
|
|||||||
|
Interest to be Capitalized Balance
|
1,434,913.67
|
344,640.82
|
331,047.75
|
||||||||||
|
Pool Balance
|
$
|
258,814,693.32
|
$
|
81,813,859.53
|
$
|
80,751,250.22
|
|||||||
|
Specified Reserve Account Balance
|
5,924,377.00
|
- N/A -
|
- N/A -
|
||||||||||
|
Adjusted Pool (1)
|
$
|
264,739,070.32
|
$
|
81,813,859.53
|
$
|
80,751,250.22
|
|||||||
|
Weighted Average Coupon (WAC)
|
5.51%
|
|
5.77%
|
|
5.77%
|
|
|||||||
|
Number of Loans
|
11,328
|
3,326
|
3,274
|
||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
5,209,062.09
|
$
|
5,224,578.76
|
|||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
76,604,797.44
|
$
|
75,526,671.46
|
|||||||||
|
Pool Factor
|
0.310718220
|
0.306682571
|
|||||||||||
|
Since Issued Constant Prepayment Rate
|
5.22%
|
|
5.23%
|
|
|||||||||
| (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 |
|
63938JAA1
|
$
|
71,293,347.98
|
$
|
70,339,347.86
|
|||||
| B |
|
63938JAB9
|
$
|
7,000,000.00
|
$
|
7,000,000.00
|
|||||
| C |
Account Balances
|
10/27/2025
|
11/25/2025 | ||||||
|
Reserve Account Balance
|
$
|
263,306.00
|
$
|
263,306.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
16,341.44
|
$
|
26,472.24
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
| D |
Asset / Liability
|
10/27/2025
|
11/25/2025 | ||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
81,813,859.53
|
$
|
80,751,250.22
|
|||||
|
Total Notes
|
$
|
78,293,347.98
|
$
|
77,339,347.86
|
|||||
|
Difference
|
$
|
3,520,511.55
|
$
|
3,411,902.36
|
|||||
|
Parity Ratio
|
1.04497
|
1.04412
|
|||||||
|
Page 2 of 9
|
Trust 2014-3 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
|
296,988.42
|
||||
|
Guarantor Principal
|
505,473.79
|
||||
|
Consolidation Activity Principal
|
364,122.16
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
|
|||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
1,166,584.37
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
130,702.60
|
||||
|
Guarantor Interest
|
35,547.97
|
||||
|
Consolidation Activity Interest
|
22,964.29
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
3,445.07
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
4,858.90
|
||||
|
Total Interest Receipts
|
$
|
197,518.83
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
4,901.73
|
||
|
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
|
$
|
(72,955.53)
|
|
||
|
Floor Income Rebate Fees to Dept. of Education
|
-
|
||||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(10,130.80)
|
|
||
|
M
|
AVAILABLE FUNDS
|
$
|
1,285,918.60
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(117,568.13)
|
|
|
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
11,241.20
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2014-3 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| III. |
2014-3 Portfolio Characteristics
|
|
10/31/2025
|
09/30/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
DEFERMENT
|
6.44%
|
|
71
|
$
|
2,850,288.02
|
3.544%
|
|
6.43%
|
|
75
|
$
|
2,866,869.65
|
3.519%
|
|
||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
5.63%
|
|
2,594
|
$
|
56,261,902.70
|
69.960%
|
|
5.58%
|
|
2,601
|
$
|
53,994,911.64
|
66.276%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.32%
|
|
85
|
$
|
2,540,164.67
|
3.159%
|
|
6.06%
|
|
92
|
$
|
3,219,521.43
|
3.952%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
5.80%
|
|
60
|
$
|
1,914,054.42
|
2.380%
|
|
5.99%
|
|
86
|
$
|
3,382,095.36
|
4.151%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.25%
|
|
46
|
$
|
2,325,059.39
|
2.891%
|
|
6.82%
|
|
35
|
$
|
1,115,934.81
|
1.370%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.23%
|
|
145
|
$
|
5,179,621.65
|
6.441%
|
|
6.19%
|
|
152
|
$
|
5,404,179.44
|
6.633%
|
|
||||||||||||||||||
|
|
FORBEARANCE
|
5.89%
|
|
255
|
$
|
8,558,215.37
|
10.642%
|
|
6.15%
|
|
248
|
$
|
10,454,946.06
|
12.833%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
5.50%
|
|
18
|
$
|
790,896.25
|
0.983%
|
|
5.44%
|
|
37
|
$
|
1,030,760.32
|
1.265%
|
|
||||||||||||||||||
|
TOTAL
|
3,274
|
$
|
80,420,202.47
|
100.00%
|
|
3,326
|
$
|
81,469,218.71
|
100.00%
|
|
|||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2014-3 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| IV. |
2014-3 Portfolio Characteristics (cont'd)
|
|
10/31/2025
|
09/30/2025
|
|||||||
|
Pool Balance
|
$
|
80,751,250.22
|
$
|
81,813,859.53
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
3,199,456.13
|
$
|
3,139,605.91
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
331,047.75
|
$
|
344,640.82
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
626,013.83
|
$
|
658,638.69
|
||||
|
Total # Loans
|
3,274
|
3,326
|
||||||
|
Total # Borrowers
|
1,835
|
1,864
|
||||||
|
Weighted Average Coupon
|
5.77%
|
|
5.77%
|
|
||||
|
Weighted Average Remaining Term
|
207.08
|
207.03
|
||||||
|
Non-Reimbursable Losses
|
$
|
11,241.20
|
$
|
1,657.46
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
1,039,129.72
|
$
|
1,027,888.52
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
5.23%
|
|
5.22%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
440,252.75
|
$
|
440,252.75
|
||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
$ |
221,903.90
|
$ |
161,112.13
|
||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
128,763.01
|
$
|
155,599.09
|
||||
|
Borrower Interest Accrued
|
$
|
376,407.04
|
$
|
368,087.67
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
11,540.30
|
$
|
10,621.59
|
||||
|
Special Allowance Payments Accrued
|
$
|
111,587.56
|
$
|
115,320.02
|
||||
|
Page 5 of 9
|
Trust 2014-3 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| V. |
2014-3 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
|
5.77%
|
|
3,274
|
80,420,202.47
|
100.000%
|
|
|||||||||||
|
Total
|
5.77%
|
|
3,274
|
$
|
80,420,202.47
|
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
|
5.77%
|
|
3,274
|
80,420,202.47
|
100.000%
|
|
|||||||||||
|
Total
|
5.77%
|
|
3,274
|
$
|
80,420,202.47
|
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 2014-3 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| VI. |
2014-3 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
1,285,918.60
|
|||||||
|
A
|
Trustee Fees
|
|
-
|
$
|
1,285,918.60
|
||||
|
B
|
Primary Servicing Fee
|
$
|
10,158.80
|
$
|
1,275,759.80
|
||||
|
C
|
Administration Fee
|
$
|
6,667.00
|
$
|
1,269,092.80
|
||||
|
D
|
Class A Noteholders' Interest Distribution Amount
|
$
|
282,402.52
|
$
|
986,690.28
|
||||
|
E
|
Class B Noteholders' Interest Distribution Amount
|
$
|
32,690.16
|
$
|
954,000.12
|
||||
|
F
|
Reserve Account Reinstatement
|
-
|
$
|
954,000.12
|
|||||
|
G
|
Class A Noteholders' Principal Distribution Amount
|
$
|
954,000.12
|
$
|
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
|
$
|
80,420,202.47
|
||||||
|
B
|
Interest to be Capitalized
|
$
|
331,047.75
|
||||||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||||||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
263,306.00
|
||||||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(263,306.00)
|
|
|||||
|
F
|
Total
|
$
|
80,751,250.22
|
||||||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
70,339,347.86
|
||||||
|
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 2014-3 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| VII. |
2014-3 Distributions
|
Distribution Amounts
| A |
|
B |
|
|||||
|
Cusip/Isin
|
63938JAA1
|
63938JAB9
|
||||||
|
Beginning Balance
|
$
|
71,293,347.98
|
$
|
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
|
$
|
282,402.52
|
$
|
32,690.16
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
282,402.52
|
$
|
32,690.16
|
||||
|
Interest Paid
|
$
|
282,402.52
|
$
|
32,690.16
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
954,000.12
|
-
|
|||||
|
Ending Principal Balance
|
$
|
70,339,347.86
|
$
|
7,000,000.00
|
||||
|
Paydown Factor
|
0.003726563
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.274763078
|
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 2014-3 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
| VIII. |
2014-3 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
78,293,347.98
|
|||
|
Adjusted Pool Balance
|
$
|
80,751,250.22
|
|||
|
Overcollateralization Amount
|
$
|
3,633,806.26
|
|||
|
Principal Distribution Amount
|
$
|
1,175,904.02
|
|||
|
Principal Distribution Amount Paid
|
$
|
954,000.12
|
|||
|
B
|
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
263,306.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
263,306.00
|
|||
|
Required Reserve Acct Balance
|
$
|
263,306.00
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Reserve Account Balance
|
$
|
263,306.00
|
|||
|
C
|
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
16,341.44
|
|||
|
Deposits for the Period
|
$
|
10,130.80
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Balance
|
$
|
26,472.24
|
|||
|
D
|
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2014-3 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
|
Navient Student Loan Trust 2014 3 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]