Navient said Monday that investors in six student loan securitizations it services had voted to extend the maturity dates of the bonds.

The trusts, Navient Student Loan Trusts 2014-2, 2014-3, 2014-4, 2014-5, 2014-6 and 2014-7, issued a total of $1.1 billion of bonds backed by federally guaranteed student loans, an asset class that has come under pressure because borrowers are taking so long to repay.  Over the summer, Moody’s Investors Service and Fitch Ratings put some $37 billion of bonds backed by Federal Family Education Loans under review for a possible downgrade.

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