v3.26.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
Navient 401(k) Savings Plan [Member]  
Fair Value Measurements [Abstract]  
Fair Value Measurements
3.
Fair Value Measurements
 
The fair value of Plan investments at December 31, 2025 and 2024 are shown in the tables below:
 
                     
     
 
 Based on  
                     
   
Fair value at
December 31,
2025
   
Quoted prices in
active markets
(Level 1)
   
Other
observable
Inputs
(Level 2)
   
Unobservable
Inputs
(Level 3)
 
Mutual funds
 $131,016,324   $131,016,324   $ -    $ -  
Common stock fund
  6,016,875     -     6,016,875     -  
Self-directed brokerage account
  27,626,365    27,626,365     -      -  
    164,659,564   $158,642,689   $6,016,875   $ -  
Investments measured at NAV (a)
  478,369,446                
   $643,029,010                
 
                     
      
 
Based on  
                     
   
Fair value at
December 31,
2024
   
Quoted prices in
active markets
(Level 1)
   
Other
observable
Inputs
(Level 2)
   
Unobservable
Inputs
(Level 3)
 
Mutual funds
 $482,999,332   $482,999,332   $ -    $ -  
Common stock fund
  7,390,479     -     7,390,479     -  
Self-directed brokerage account   33,293,316    33,293,316    -    - 
    523,683,127   $516,292,648   $7,390,479   $ -  
Investments measured at NAV (a)
  164,007,040                
   $687,690,167                
 
(a) In accordance with Subtopic 820-10, investments in common collective trusts that were measured at NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits. There are no participant redemptions restrictions for these investments; however, the Plan is required to provide a one-year redemption notice to liquidate its entire share.