SLM Student Loan Trust 2012-6

12/08/2025 | Press release | Distributed by Public on 12/08/2025 08:59

Asset-Backed Issuer Distribution Report (Form 10-D)


SLM Student Loan Trust 2012-6

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 2012-6 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
I.
Deal Parameters

A
Student Loan Portfolio Characteristics
09/20/2012
09/30/2025
10/31/2025

Principal Balance
$
1,181,065,142.80
$
193,218,739.20
$
192,256,161.77

Interest to be Capitalized Balance
42,536,761.45
2,482,600.95
2,521,234.05

Pool Balance
$
1,223,601,904.25
$
195,701,340.15
$
194,777,395.82

Capitalized Interest Account Balance
$
10,000,000.00
-
-

Specified Reserve Account Balance
3,118,972.00
- N/A -
- N/A -

Adjusted Pool (1)
$
1,236,720,876.25
$
195,701,340.15
$
194,777,395.82

Weighted Average Coupon (WAC)
6.70%

6.98%

6.98%


Number of Loans
245,812
26,796
26,548

Aggregate Outstanding Principal Balance - Tbill
$
967,992.23
$
944,075.47

Aggregate Outstanding Principal Balance - SOFR
$
194,733,347.92
$
193,833,320.35

Pool Factor
0.156863654
0.156123070

Since Issued Constant Prepayment Rate
(75.87)%

(75.75)%


(1)
The Specified Reserve Account balance is included in the Adjusted Pool until the Pool Balance is less than 40% of the original pool.

B
Debt Securities
Cusip/Isin
10/27/2025
11/25/2025
A3
78447GAC5
$
156,351,389.98
$
155,429,621.86
B
78447GAD3
$
37,400,000.00
$
37,400,000.00

C
Account Balances
10/27/2025
11/25/2025

Reserve Account Balance
$
1,247,589.00
$
1,247,589.00

Capitalized Interest Account Balance
-
-

Floor Income Rebate Account
$
160,546.77
$
256,012.50

Supplemental Loan Purchase Account
-
-

D
Asset / Liability
10/27/2025
11/25/2025

Adjusted Pool Balance + Supplemental Loan Purchase
$
195,701,340.15
$
194,777,395.82

Total Notes
$
193,751,389.98
$
192,829,621.86

Difference
$
1,949,950.17
$
1,947,773.96

Parity Ratio
1.01006
1.01010

Page 2 of 9
Trust 2012-6 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
547,694.66
Guarantor Principal
689,316.09
Consolidation Activity Principal
527,479.84
Seller Principal Reimbursement
-
Servicer Principal Reimbursement
-
Rejected Claim Repurchased Principal
-
Other Principal Deposits
-
Total Principal Receipts
$
1,764,490.59
B
Student Loan Interest Receipts
Borrower Interest
299,277.46
Guarantor Interest
25,560.12
Consolidation Activity Interest
32,604.55
Special Allowance Payments
0.00
Interest Subsidy Payments
0.00
Seller Interest Reimbursement
0.00
Servicer Interest Reimbursement
315.46
Rejected Claim Repurchased Interest
0.00
Other Interest Deposits
14,898.62
Total Interest Receipts
$
372,656.21
C
Reserves in Excess of Requirement

-
D
Investment Income
$
13,941.63
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
$
(95,465.73)

M
AVAILABLE FUNDS
$
2,055,622.70
N
Non-Cash Principal Activity During Collection Period
$
(801,913.16)

O
Non-Reimbursable Losses During Collection Period
$
20,689.15
P
Aggregate Purchased Amounts by the Depositor, Servicer or Seller

-
Q
Aggregate Loan Substitutions
-

Page 3 of 9
Trust 2012-6 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
III.
2012-6 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
6.62%

26
$
120,434.00
0.063%

6.61%

24
$
110,936.00
0.057%


GRACE
0.00%

0

-
0.000%

6.73%

4
$
17,998.00
0.009%


DEFERMENT
6.87%

1,636
$
10,602,387.46
5.515%

6.86%

1,670
$
10,765,520.90
5.572%

REPAYMENT:
CURRENT
7.01%

17,528
$
120,403,880.59
62.627%

7.01%

17,780
$
121,875,401.35
63.076%


31-60 DAYS DELINQUENT
6.88%

1,017
$
7,867,908.27
4.092%

6.95%

841
$
6,572,975.79
3.402%


61-90 DAYS DELINQUENT
6.86%

562
$
4,370,405.38
2.273%

7.06%

611
$
5,732,547.98
2.967%


91-120 DAYS DELINQUENT
7.04%

372
$
3,510,385.59
1.826%

6.95%

486
$
4,224,896.17
2.187%


> 120 DAYS DELINQUENT
6.89%

1,645
$
13,800,859.65
7.178%

6.87%

1,738
$
13,634,388.61
7.056%


FORBEARANCE
7.02%

3,415
$
28,722,803.67
14.940%

6.98%

3,408
$
28,445,370.47
14.722%


CLAIMS IN PROCESS
6.82%

347
$
2,857,097.16
1.486%

6.85%

234
$
1,838,703.93
0.952%

TOTAL
26,548
$
192,256,161.77
100.00%

26,796
$
193,218,739.20
100.00%


* Percentages may not total 100% due to rounding

Page 4 of 9
Trust 2012-6 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
IV.
2012-6 Portfolio Characteristics (cont'd)

10/31/2025
09/30/2025
Pool Balance
$
194,777,395.82
$
195,701,340.15
Outstanding Borrower Accrued Interest
$
10,027,701.95
$
10,106,071.69
Borrower Accrued Interest to be Capitalized
$
2,521,234.05
$
2,482,600.95
Borrower Accrued Interest >30 Days Delinquent
$
1,087,817.04
$
1,112,065.94
Total # Loans
26,548
26,796
Total # Borrowers
11,940
12,065
Weighted Average Coupon
6.98%

6.98%

Weighted Average Remaining Term
196.45
195.81
Non-Reimbursable Losses
$
20,689.15
$
24,053.89
Cumulative Non-Reimbursable Losses
$
6,581,756.38
$
6,561,067.23
Since Issued Constant Prepayment Rate (CPR)
-75.75%

-75.87%

Loan Substitutions
-
-
Cumulative Loan Substitutions
-
-
Rejected Claim Repurchases
-
-
Cumulative Rejected Claim Repurchases
$
606,646.74
$
606,646.74
Unpaid Primary Servicing Fees
-
-
Unpaid Administration Fees
-
-
Unpaid Carryover Servicing Fees
-
-
Note Principal Shortfall
-
$
7,063.23
Note Interest Shortfall
-
-
Unpaid Interest Carryover
-
-
Non-Cash Principal Activity - Capitalized Interest
$
822,216.49
$
685,104.12
Borrower Interest Accrued
$
1,099,056.95
$
1,069,161.68
Interest Subsidy Payments Accrued
$
31,294.95
$
30,749.19
Special Allowance Payments Accrued
$
36,209.09
$
43,365.56

Page 5 of 9
Trust 2012-6 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
V.
2012-6 Portfolio Statistics by School and Program

A
LOAN TYPE
Weighted
Average Coupon
# LOANS
$ AMOUNT
%*

- GSL (1) - Subsidized
6.63%

13,461
63,033,474.56
32.786%

- GSL - Unsubsidized
6.78%

11,973
101,021,697.56
52.545%

- PLUS (2) Loans
8.49%

1,081
27,832,888.86
14.477%

- SLS (3) Loans
7.22%

33
368,100.79
0.191%

- Consolidation Loans
0.00%

0
-
0.000%

Total
6.98%

26,548
$
192,256,161.77
100.000%


B
SCHOOL TYPE
Weighted
Average Coupon
# LOANS
$ AMOUNT
%*

- Four Year
7.02%

21,724
166,814,340.13
86.767%

- Two Year
6.75%

4,035
21,271,591.85
11.064%

- Technical
6.80%

779
4,123,725.88
2.145%

- Other
6.83%

10
46,503.91
0.024%

Total
6.98%

26,548
$
192,256,161.77
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 2012-6 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
VI.
2012-6 Waterfall for Distributions

Paid
Remaining
Funds Balance
Total Available Funds
$
2,055,622.70
A
Trustee Fees

-
$
2,055,622.70
B
Primary Servicing Fee
$
62,700.49
$
1,992,922.21
C
Administration Fee
$
6,667.00
$
1,986,255.21
D
Class A Noteholders' Interest Distribution Amount
$
635,702.30
$
1,350,552.91
E
Class B Noteholders' Interest Distribution Amount
$
159,594.97
$
1,190,957.94
F
Reserve Account Reinstatement

-
$
1,190,957.94
G
Class A Noteholders' Principal Distribution Amount
$
921,768.12
$
269,189.82
H
Class B Noteholders' Principal Distribution Amount
-
$
269,189.82
I
Unpaid Expenses of The Trustees
-
$
269,189.82
J
Carryover Servicing Fee
-
$
269,189.82
K
Remaining Amounts to the Noteholders after the first auction date

-
$
269,189.82
L
Excess Distribution Certificateholder
$
269,189.82
-

Waterfall Triggers
A
Student Loan Principal Outstanding
$
192,256,161.77
B
Interest to be Capitalized
$
2,521,234.05
C
Capitalized Interest Account Balance
-
D
Reserve Account Balance (after any reinstatement)
$
1,247,589.00
E
Less: Specified Reserve Account Balance
$
(1,247,589.00)

F
Total
$
194,777,395.82
G
Class A Notes Outstanding (after application of available funds)
$
155,429,621.86
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 2012-6 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
VII.
2012-6 Distributions

Distribution Amounts

A3
B
Cusip/Isin
78447GAC5
78447GAD3
Beginning Balance
$
156,351,389.98
$
37,400,000.00
Index
SOFR
SOFR
Spread/Fixed Rate
0.75%

1.00%

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*
5.04727%

5.29727%

Accrued Interest Factor
0.004065856
0.004267245
Current Interest Due
$
635,702.30
$
159,594.97
Interest Shortfall from Prior Period Plus Accrued Interest
-
-
Total Interest Due
$
635,702.30
$
159,594.97
Interest Paid
$
635,702.30
$
159,594.97
Interest Shortfall
-
-
Principal Paid
$
921,768.12
-
Ending Principal Balance
$
155,429,621.86
$
37,400,000.00
Paydown Factor
0.001603075
0.000000000
Ending Balance Factor
0.270312386
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 2012-6 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
VIII.
2012-6 Reconciliations

A
Principal Distribution Reconciliation

Notes Outstanding Principal Balance
$
193,751,389.98

Adjusted Pool Balance
$
194,777,395.82

Overcollateralization Amount
$
1,947,773.96

Principal Distribution Amount
$
921,768.12

Principal Distribution Amount Paid
$
921,768.12
B
Reserve Account Reconciliation

Beginning Period Balance
$
1,247,589.00

Reserve Funds Utilized
0.00

Reserve Funds Reinstated
0.00

Balance Available
$
1,247,589.00

Required Reserve Acct Balance
$
1,247,589.00

Release to Collection Account
-

Ending Reserve Account Balance
$
1,247,589.00
C
Capitalized Interest Account

Beginning Period Balance
-

Transfers to Collection Account
-

Ending Balance
-
D
Floor Income Rebate Account

Beginning Period Balance
$
160,546.77

Deposits for the Period
$
95,465.73

Release to Collection Account

-


Ending Balance
$
256,012.50
E
Supplemental Purchase Account

Beginning Period Balance
-

Supplemental Loan Purchases
-

Transfers to Collection Account
-

Ending Balance
-

Page 9 of 9
Trust 2012-6 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025
SLM Student Loan Trust 2012-6 published this content on December 08, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 08, 2025 at 14:59 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]