SLM Student Loan Trust 2006-7 Reports Planned Hold and Buy Bids in August 2026 Auctions

What Happened SLM Student Loan Trust 2006-7 filed an 8-K (Item 8.01) on August 17, 2026, disclosing that an affiliate of Navient Funding, LLC plans actions in two upcoming note auctions. For the Class A-6B Notes auction on August 19, 2026, the affiliate intends to submit a Hold Order for the Class A-6B Notes it currently holds, which represent all issued and outstanding A-6B Notes. For the Class A-6C Notes auction on August 21, 2026, the affiliate intends to submit buy bids for all outstanding A-6C Notes it does not currently hold at a rate equal to 30-day Average SOFR + 0.11448% + 1.50% per annum, and to submit a Hold Order for the A-6C Notes it currently holds. The filing attaches an Event Notice as Exhibit 99.1.

Key Details

• Filing date: August 17, 2026 (8-K Item 8.01).
• Class A-6B auction: August 19, 2026 — affiliate will submit a Hold Order for all issued and outstanding A-6B Notes it holds.
• Class A-6C auction: August 21, 2026 — affiliate will submit buy bids for remaining outstanding A-6C Notes at 30-day Average SOFR + 0.11448% + 1.50% p.a., and Hold Order for A-6C Notes it already holds.
• Event Notice describing these actions is filed as Exhibit 99.1 (Item 9.01).

Why It Matters These disclosed actions tell investors which party intends to participate and how in the August auctions for these note classes. The affiliate’s Hold Orders and specified buy-bid rate for A-6C provide concrete information about expected demand and pricing behavior for those auctions. Investors and noteholders who monitor auction participation or pricing for SLM Student Loan Trust 2006-7 should review the attached Event Notice (Exhibit 99.1) for full details.