SLM Student Loan Trust 2005-5 - Navient / Legacy SLM spin-off
Navient's education loan management business will include Legacy SLM's portfolios of loans made under the Federal Family Education Loan Program (FFELP) and private education loans, with all associated entities remaining subsidiaries of Navient post-separation.
Why this matters
Navient is a company involved in education loan management, specifically handling portfolios of loans made under the Federal Family Education Loan Program (FFELP) and private education loans. The company has announced the spin-off of its Legacy SLM business, which will remain a subsidiary of Navient post-separation. This move involves the remarketing of class A-5 notes originally issued by the SLM Student Loan Trust 2005-5, with a principal amount of $211,500,770. The remarketing is set to occur on October 26, 2026, and noteholders must submit a hold notice by October 21, 2026, if they wish to retain their notes.