Navient affiliate plans hold orders and buy bids for SLM Trust 2006-7 auction-rate notes

SLM Student Loan Trust 2006-7

Affiliate holds all $32.7M of Class A-6B Notes; will submit Hold Order at May 28 auction.
Affiliate holds $32.65M of $32.7M Class A-6C Notes; will buy remaining $50k at SOFR+1.50%.
Hold Order also planned for currently held Class A-6C Notes at May 30 auction.
Previous auctions left affiliate as sole holder of A-6B and near sole holder of A-6C.

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