trending Market Intelligence /marketintelligence/en/news-insights/trending/fqVPRs5qxakgh5ChDIvqIw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Navient extends final maturity dates of student loan-backed securitizations

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Banking Essentials Newsletter: May Edition, Part-2


Navient extends final maturity dates of student loan-backed securitizations

Navient Corp. amended transaction agreements for company-sponsored securitizations, totaling $170 million of bonds backed by federally guaranteed student loans.

The amendments, effective Dec. 12, extended the legal final maturity date on the B tranches of SLC Student Loan Trust 2005-3, SLC Student Loan Trust 2006-1, and SLM Student Loan Trust 2005-8 to 2055. The transaction agreement amendments also extended the B tranche of SLM Student Loan Trust 2006-7 to 2056.

Over the last 12 months, Navient has extended the legal final maturity dates on nearly $9.3 billion of bonds from company-sponsored Federal Family Education Loan Program securitizations.