{"url_path":"/sec/cik-0001358239/8-k/2026-07-22/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/1358239/0001140361-26-029263-index.html","accession_number":"0001140361-26-029263","cik":"0001358239","ticker":null,"issuer_name":"SLM Student Loan Trust 2006-5","edgar_url":"https://www.sec.gov/Archives/edgar/data/1358239/0001140361-26-029263-index.html","primary_entity_key":"0001358239","primary_entity_name":"SLM Student Loan Trust 2006-5"},"word_count":235,"has_tables":true,"body_markdown":"Item 8.01\n\nOther Events\n\n \n\nOn July 27, 2026, the terms of the class A-6B and class A-6C notes (the “Notes”) issued by SLM Student Loan Trust 2006‑5 are scheduled to be\nreset from their current terms, in accordance with the terms of the related indenture and remarketing agreement.\n\n \n\nPursuant to the remarketing process, the new spread on the Notes was required to be determined by no later than 3:00 P.M., New York City time,\non July 22, 2026.  However, sufficient committed purchasers were not obtained for all of the tendered Notes at the spread proposed by the remarketing agents.  As a result, a failed remarketing has been declared.  Consequently, all existing\nclass A-6B and class A-6C noteholders will be required to retain their Notes on the reset date.  The related interest rate for the Notes will be the failed remarketing rate which is equal to the SOFR Rate plus 0.75% per annum and the related reset period will be three months.  As such, the next applicable reset date will be October 26, 2026.\n\nSIGNATURES\n\n \n\nPursuant to the requirements of the Securities Exchange Act of 1934, the Trust has duly caused this report to be signed on its behalf by the\nundersigned hereunto duly authorized.\n\nSLM STUDENT LOAN TRUST 2006-5\n\nBy:  NAVIENT SOLUTIONS, LLC, in its capacity as administrator of the Trust\n\nDated:  July 22, 2026\n\nBy:  /s/ Mai Le-Cao\n\nName:\n\nMai Le-Cao\n\nTitle:\n\nManaging Director"}