SLM Student Loan Trust 2013 1
03/10/2026 | Press release | Distributed by Public on 03/10/2026 07:52
Asset-Backed Issuer Distribution Report (Form 10-D)
SLM Student Loan Trust 2013-1
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 2013-1 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
|
I.
|
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
02/14/2013
|
12/31/2025
|
01/31/2026
|
||||||||||
|
Principal Balance
|
$
|
1,181,837,043.20
|
$
|
219,558,709.15
|
$
|
218,049,872.15
|
||||||||
|
Interest to be Capitalized Balance
|
27,971,606.70
|
3,357,722.54
|
3,404,566.90
|
|||||||||||
|
Pool Balance
|
$
|
1,209,808,649.90
|
$
|
222,916,431.69
|
$
|
221,454,439.05
|
||||||||
|
Specified Reserve Account Balance
|
9,373,341.00
|
- N/A -
|
- N/A -
|
|||||||||||
|
Adjusted Pool (1)
|
$
|
1,219,181,990.90
|
$
|
222,916,431.69
|
$
|
221,454,439.05
|
||||||||
|
Weighted Average Coupon (WAC)
|
6.88%
|
|
6.93%
|
|
6.92%
|
|
||||||||
|
Number of Loans
|
271,308
|
32,105
|
31,738
|
|||||||||||
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
568,672.65
|
$
|
568,213.80
|
||||||||||
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
222,347,759.04
|
$
|
220,886,225.25
|
||||||||||
|
Pool Factor
|
0.178364702
|
0.177194901
|
||||||||||||
|
Since Issued Constant Prepayment Rate
|
(79.39)%
|
|
(78.93)%
|
|
||||||||||
| (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
|
||||||
|
A3
|
78447MAC2
|
$
|
185,687,267.37
|
$
|
184,239,894.66
|
|||||
|
B
|
78447MAD0
|
$
|
35,000,000.00
|
$
|
35,000,000.00
|
|||||
|
C
|
Account Balances
|
01/26/2026
|
02/25/2026
|
||||||
|
Reserve Account Balance
|
$
|
1,249,779.00
|
$
|
1,249,779.00
|
|||||
|
Capitalized Interest Account Balance
|
-
|
-
|
|||||||
|
Floor Income Rebate Account
|
$
|
234,048.16
|
$
|
409,171.00
|
|||||
|
Supplemental Loan Purchase Account
|
-
|
-
|
|||||||
|
D
|
Asset / Liability
|
01/26/2026
|
02/25/2026
|
||||||
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
222,916,431.69
|
$
|
221,454,439.05
|
|||||
|
Total Notes
|
$
|
220,687,267.37
|
$
|
219,239,894.66
|
|||||
|
Difference
|
$
|
2,229,164.32
|
$
|
2,214,544.39
|
|||||
|
Parity Ratio
|
1.01010
|
1.01010
|
|||||||
|
Page 2 of 9
|
Trust 2013-1 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
|
628,763.08
|
||||
|
Guarantor Principal
|
955,287.43
|
||||
|
Consolidation Activity Principal
|
786,133.10
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
2,370,183.61
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
280,100.24
|
||||
|
Guarantor Interest
|
38,529.01
|
||||
|
Consolidation Activity Interest
|
11,144.23
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
160.24
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
19,482.45
|
||||
|
Total Interest Receipts
|
$
|
349,416.17
|
|||
|
C
|
Reserves in Excess of Requirement
|
|
-
|
||
|
D
|
Investment Income
|
$
|
15,742.84
|
||
|
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
|
$
|
(175,122.84)
|
|||
|
M
|
AVAILABLE FUNDS
|
$
|
2,560,219.78
|
||
|
N
|
Non-Cash Principal Activity During Collection Period
|
$
|
(861,346.61)
|
||
|
O
|
Non-Reimbursable Losses During Collection Period
|
$
|
22,419.57
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
|
-
|
||
|
Q
|
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
|
III.
|
2013-1 Portfolio Characteristics
|
|
01/31/2026
|
12/31/2025
|
||||||||||||||||||||||||||||||||
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal |
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||||
|
INTERIM:
|
IN SCHOOL
|
6.68%
|
|
40
|
$
|
203,435.46
|
0.093%
|
|
6.68%
|
|
40
|
$
|
203,435.46
|
0.093%
|
|
||||||||||||||||||
|
|
GRACE
|
6.80%
|
|
5
|
$
|
13,380.00
|
0.006%
|
|
6.80%
|
|
5
|
$
|
13,380.00
|
0.006%
|
|
||||||||||||||||||
|
|
DEFERMENT
|
6.84%
|
|
2,032
|
$
|
12,748,322.72
|
5.847%
|
|
6.83%
|
|
2,112
|
$
|
13,152,849.47
|
5.991%
|
|
||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
6.93%
|
|
20,584
|
$
|
132,707,267.73
|
60.861%
|
|
6.93%
|
|
20,559
|
$
|
132,320,365.30
|
60.267%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.96%
|
|
1,047
|
$
|
8,747,213.20
|
4.012%
|
|
6.95%
|
|
1,276
|
$
|
10,324,397.15
|
4.702%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.95%
|
|
780
|
$
|
6,494,664.24
|
2.979%
|
|
7.00%
|
|
778
|
$
|
6,872,525.60
|
3.130%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.95%
|
|
475
|
$
|
4,057,386.15
|
1.861%
|
|
6.90%
|
|
523
|
$
|
4,651,264.67
|
2.118%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.90%
|
|
1,610
|
$
|
13,452,759.20
|
6.170%
|
|
6.90%
|
|
1,896
|
$
|
15,292,736.53
|
6.965%
|
|
||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
|
FORBEARANCE
|
6.94%
|
|
4,645
|
$
|
35,368,739.17
|
16.220%
|
|
6.93%
|
|
4,559
|
$
|
33,911,623.85
|
15.445%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.86%
|
|
520
|
$
|
4,256,704.28
|
1.952%
|
|
6.86%
|
|
357
|
$
|
2,816,131.12
|
1.283%
|
|
||||||||||||||||||
|
TOTAL
|
31,738
|
$
|
218,049,872.15
|
100.00%
|
|
32,105
|
$
|
219,558,709.15
|
100.00%
|
|
|||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
|
IV.
|
2013-1 Portfolio Characteristics (cont'd)
|
|
01/31/2026
|
12/31/2025
|
|||||||
|
Pool Balance
|
$
|
221,454,439.05
|
$
|
222,916,431.69
|
||||
|
Outstanding Borrower Accrued Interest
|
$
|
11,866,544.70
|
$
|
11,854,067.13
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
3,404,566.90
|
$
|
3,357,722.54
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
1,224,030.29
|
$
|
1,260,250.96
|
||||
|
Total # Loans
|
31,738
|
32,105
|
||||||
|
Total # Borrowers
|
12,722
|
12,875
|
||||||
|
Weighted Average Coupon
|
6.92%
|
|
6.93%
|
|
||||
|
Weighted Average Remaining Term
|
196.68
|
195.49
|
||||||
|
Non-Reimbursable Losses
|
$
|
22,419.57
|
$
|
45,204.43
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
6,674,993.60
|
$
|
6,652,574.03
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
-78.93%
|
|
-79.39%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
477,941.48
|
$
|
477,941.48
|
||||
|
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
|
$
|
883,700.75
|
$
|
897,077.69
|
||||
|
Borrower Interest Accrued
|
$
|
1,226,469.49
|
$
|
1,234,733.17
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
45,324.13
|
$
|
46,396.55
|
||||
|
Special Allowance Payments Accrued
|
$
|
35,406.39
|
$
|
34,716.92
|
||||
|
Page 5 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
|
V.
|
2013-1 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- GSL (1) - Subsidized
|
6.76%
|
|
16,562
|
78,725,602.29
|
36.104%
|
|
|||||||||||
|
- GSL - Unsubsidized
|
6.79%
|
|
14,417
|
120,428,467.89
|
55.230%
|
|
|||||||||||
|
- PLUS (2) Loans
|
8.49%
|
|
754
|
18,867,435.30
|
8.653%
|
|
|||||||||||
|
- SLS (3) Loans
|
7.23%
|
|
5
|
28,366.67
|
0.013%
|
|
|||||||||||
|
- Consolidation Loans
|
0.00%
|
|
0
|
-
|
0.000%
|
|
|||||||||||
|
Total
|
6.92%
|
|
31,738
|
$
|
218,049,872.15
|
100.000%
|
|
||||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
% *
|
||||||||||||
|
- Four Year
|
6.95%
|
|
24,708
|
180,930,597.79
|
82.977%
|
|
|||||||||||
|
- Two Year
|
6.81%
|
|
5,679
|
29,826,195.27
|
13.679%
|
|
|||||||||||
|
- Technical
|
6.82%
|
|
1,351
|
7,293,079.09
|
3.345%
|
|
|||||||||||
|
- Other
|
0.00%
|
|
0 |
- |
0.000%
|
|
|||||||||||
|
Total
|
6.92%
|
|
31,738
|
$
|
218,049,872.15
|
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 2013-1 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
|
VI.
|
2013-1 Waterfall for Distributions
|
|
Paid
|
Remaining
Funds Balance
|
||||||||
|
Total Available Funds
|
$
|
2,560,219.78
|
|||||||
|
A |
Trustee Fees |
- | $ | 2,560,219.78 | |||||
|
B |
Primary Servicing Fee
|
$
|
64,716.57
|
$
|
2,495,503.21
|
||||
|
C |
Administration Fee
|
$
|
6,667.00
|
$
|
2,488,836.21
|
||||
|
D |
Class A Noteholders' Interest Distribution Amount
|
$
|
674,936.08
|
$
|
1,813,900.13
|
||||
|
E |
Class B Noteholders' Interest Distribution Amount
|
$
|
163,676.33
|
$
|
1,650,223.80
|
||||
|
F |
Reserve Account Reinstatement
|
|
-
|
$
|
1,650,223.80
|
||||
|
G |
Class A Noteholders' Principal Distribution Amount
|
$
|
1,447,372.71
|
$ |
202,851.09
|
||||
|
H |
Class B Noteholders' Principal Distribution Amount
|
|
-
|
$ |
202,851.09
|
||||
|
I |
Unpaid Expenses of The Trustees
|
-
|
$ |
202,851.09
|
|||||
|
J |
Carryover Servicing Fee
|
-
|
$ |
202,851.09
|
|||||
|
K |
Remaining Amounts to the Noteholders after the first auction date
|
-
|
$ |
202,851.09
|
|||||
|
L |
Excess Distribution Certificateholder
|
$ |
202,851.09
|
$ |
(0.00) |
||||
|
Waterfall Triggers
|
|||||
|
A
|
Student Loan Principal Outstanding
|
$
|
218,049,872.15
|
||
|
B
|
Interest to be Capitalized
|
$
|
3,404,566.90
|
||
|
C
|
Capitalized Interest Account Balance
|
-
|
|||
|
D
|
Reserve Account Balance (after any reinstatement)
|
$
|
1,249,779.00
|
||
|
E
|
Less: Specified Reserve Account Balance
|
$
|
(1,249,779.00)
|
||
|
F
|
Total
|
$
|
221,454,439.05
|
||
|
G
|
Class A Notes Outstanding (after application of available funds)
|
$
|
184,239,894.66
|
||
|
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 2013-1 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
|
VII.
|
2013-1 Distributions
|
Distribution Amounts
|
A3
|
B
|
|||||||
|
Cusip/Isin
|
78447MAC2
|
78447MAD0
|
||||||
|
Beginning Balance
|
$
|
185,687,267.37
|
$
|
35,000,000.00
|
||||
|
Index
|
SOFR |
SOFR
|
||||||
|
Spread/Fixed Rate
|
0.55%
|
|
1.80%
|
|
||||
|
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*
|
4.36176%
|
|
5.61176%
|
|
||||
|
Accrued Interest Factor
|
0.003634800
|
0.004676467
|
||||||
|
Current Interest Due
|
$
|
674,936.08
|
$
|
163,676.33
|
||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
674,936.08
|
$
|
163,676.33
|
||||
|
Interest Paid
|
$
|
674,936.08
|
$
|
163,676.33
|
||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
1,447,372.71
|
-
|
|||||
|
Ending Principal Balance
|
$
|
184,239,894.66
|
$
|
35,000,000.00
|
||||
|
Paydown Factor
|
0.002690284
|
0.000000000
|
||||||
|
Ending Balance Factor
|
0.342453336
|
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 2013-1 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
|
VIII.
|
2013-1 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
Notes Outstanding Principal Balance
|
$
|
220,687,267.37
|
|||
|
Adjusted Pool Balance
|
$
|
221,454,439.05
|
|||
|
Overcollateralization Amount
|
$
|
2,214,544.39
|
|||
|
Principal Distribution Amount
|
$
|
1,447,372.71
|
|||
|
Principal Distribution Amount Paid
|
$
|
1,447,372.71
|
|||
|
B
|
Reserve Account Reconciliation
|
||||
|
Beginning Period Balance
|
$
|
1,249,779.00
|
|||
|
Reserve Funds Utilized
|
0.00
|
||||
|
Reserve Funds Reinstated
|
0.00
|
||||
|
Balance Available
|
$
|
1,249,779.00
|
|||
|
Required Reserve Acct Balance
|
$
|
1,249,779.00
|
|||
|
Release to Collection Account
|
|
-
|
|||
|
Ending Reserve Account Balance
|
$
|
1,249,779.00
|
|||
|
C
|
Floor Income Rebate Account
|
||||
|
Beginning Period Balance
|
$
|
234,048.16
|
|||
|
Deposits for the Period
|
$
|
175,122.84
|
|||
|
Release to Collection Account
|
|
- |
|||
|
Ending Balance
|
$
|
409,171.00
|
|||
|
D
|
Supplemental Purchase Account
|
||||
|
Beginning Period Balance
|
-
|
||||
|
Supplemental Loan Purchases
|
-
|
||||
|
Transfers to Collection Account
|
-
|
||||
|
Ending Balance
|
-
|
||||
|
Page 9 of 9
|
Trust 2013-1 Monthly Servicing Report: Collection Period 01/01/2026 - 01/31/2026, Distribution Date 02/25/2026
|
SLM Student Loan Trust 2013 1 published this content on March 10, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 10, 2026 at 13:52 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]