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    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_D5BA2F7F1322A78E969DB45F2B6DE44D_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_D5BA2F7F1322A78E969DB45F2B6DE44D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earning assets</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_491BF322ECF2EC78B2B3B45F2B6D2292" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_218CE433DACF074399CFB45F2B6D5E8F_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_218CE433DACF074399CFB45F2B6D5E8F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_218CE433DACF074399CFB45F2B6D5E8F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InvestmentsFairValueDisclosure_E84C4B488E704DE13213B45F2B6EEC0B_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsFairValueDisclosure_E84C4B488E704DE13213B45F2B6EEC0B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available-for-sale investments</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentsFairValueDisclosure" xlink:label="loc_us-gaap_InvestmentsFairValueDisclosure_E84C4B488E704DE13213B45F2B6EEC0B" xlink:type="locator" />
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    <link:label id="lab_slm_AccruedInterestReceivableFairValueDisclosure_EDFBC9EE8392A3157C4AB45F2B6EDB7E_terseLabel_en-US" xlink:label="lab_slm_AccruedInterestReceivableFairValueDisclosure_EDFBC9EE8392A3157C4AB45F2B6EDB7E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest receivable</link:label>
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    <link:label id="lab_slm_AccruedInterestReceivableFairValueDisclosure_EDFBC9EE8392A3157C4AB45F2B6EDB7E_documentation_en-US" xlink:label="lab_slm_AccruedInterestReceivableFairValueDisclosure_EDFBC9EE8392A3157C4AB45F2B6EDB7E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accrued Interest Receivable, Fair Value Disclosure</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_AccruedInterestReceivableFairValueDisclosure" xlink:label="loc_slm_AccruedInterestReceivableFairValueDisclosure_EDFBC9EE8392A3157C4AB45F2B6EDB7E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeTaxReceivable_010D23E0A7837334C778B45F2B6EF673_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_010D23E0A7837334C778B45F2B6EF673" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax indemnification receivable</link:label>
    <link:label id="lab_us-gaap_IncomeTaxReceivable_010D23E0A7837334C778B45F2B6EF673_label_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_010D23E0A7837334C778B45F2B6EF673" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Receivable</link:label>
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    <link:label id="lab_slm_ExcessOfNetAssetFairValueOverCarryingValue_E035614E380213F7BF69B45F2B6ED80E_terseLabel_en-US" xlink:label="lab_slm_ExcessOfNetAssetFairValueOverCarryingValue_E035614E380213F7BF69B45F2B6ED80E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excess of net asset fair value over carrying value</link:label>
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    <link:label id="lab_slm_WeightedAverageInterestRateofPrivateEducationLoans_AF868DD7C6EC4645647CEDA11E580FF8_terseLabel_en-US" xlink:label="lab_slm_WeightedAverageInterestRateofPrivateEducationLoans_DDB7F030E8295372AF7BC53445464ACB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Interest Rate, Private Education Loans</link:label>
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    <link:label id="lab_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_DEC53235EB15B482F3FD99192AAA6221_verboseLabel_en-US" xlink:label="lab_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_DEC53235EB15B482F3FD99192AAA6221" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">TDR loans in in-school/grace/deferment</link:label>
    <link:label id="lab_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_DEC53235EB15B482F3FD99192AAA6221_label_en-US" xlink:label="lab_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_DEC53235EB15B482F3FD99192AAA6221" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Status In School Grace And Deferment Recorded Investment</link:label>
    <link:label id="lab_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_DEC53235EB15B482F3FD99192AAA6221_documentation_en-US" xlink:label="lab_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_DEC53235EB15B482F3FD99192AAA6221" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan status in school grace and deferment recorded investment.</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment" xlink:label="loc_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_DEC53235EB15B482F3FD99192AAA6221" xlink:type="locator" />
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    <link:label id="lab_slm_LoanStatusForbearanceRecordedInvestment_1023E1E7E43897B9B35C99192AAAB5AB_verboseLabel_en-US" xlink:label="lab_slm_LoanStatusForbearanceRecordedInvestment_1023E1E7E43897B9B35C99192AAAB5AB" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">TDR loans in forbearance</link:label>
    <link:label id="lab_slm_LoanStatusForbearanceRecordedInvestment_1023E1E7E43897B9B35C99192AAAB5AB_label_en-US" xlink:label="lab_slm_LoanStatusForbearanceRecordedInvestment_1023E1E7E43897B9B35C99192AAAB5AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Status Forbearance Recorded Investment</link:label>
    <link:label id="lab_slm_LoanStatusForbearanceRecordedInvestment_1023E1E7E43897B9B35C99192AAAB5AB_documentation_en-US" xlink:label="lab_slm_LoanStatusForbearanceRecordedInvestment_1023E1E7E43897B9B35C99192AAAB5AB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan status forbearance recorded investment.</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoanStatusForbearanceRecordedInvestment" xlink:label="loc_slm_LoanStatusForbearanceRecordedInvestment_1023E1E7E43897B9B35C99192AAAB5AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_slm_LoanStatusForbearanceRecordedInvestment_1023E1E7E43897B9B35C99192AAAB5AB" xlink:to="lab_slm_LoanStatusForbearanceRecordedInvestment_1023E1E7E43897B9B35C99192AAAB5AB" xlink:type="arc" />
    <link:label id="lab_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_CF49427F1A6AE09F657C99192AAA9EBF_verboseLabel_en-US" xlink:label="lab_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_CF49427F1A6AE09F657C99192AAA9EBF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">TDR loans in repayment and percentage of each status:</link:label>
    <link:label id="lab_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_CF49427F1A6AE09F657C99192AAA9EBF_label_en-US" xlink:label="lab_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_CF49427F1A6AE09F657C99192AAA9EBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans In Repayment And Percentage Of Each Status [Abstract]</link:label>
    <link:label id="lab_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_CF49427F1A6AE09F657C99192AAA9EBF_documentation_en-US" xlink:label="lab_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_CF49427F1A6AE09F657C99192AAA9EBF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans in repayment and percentage of each status.</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoansInRepaymentAndPercentageOfEachStatusAbstract" xlink:label="loc_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_CF49427F1A6AE09F657C99192AAA9EBF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentCurrent_28A90EB92D1A71AFE44799192AAA2CD6_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentCurrent_28A90EB92D1A71AFE44799192AAA2CD6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans current</link:label>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentCurrent_28A90EB92D1A71AFE44799192AAA2CD6_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentCurrent_28A90EB92D1A71AFE44799192AAA2CD6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable, Recorded Investment, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentCurrent" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentCurrent_28A90EB92D1A71AFE44799192AAA2CD6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_B6CFCD81B7480EEE8FBB99192AAA800A_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_B6CFCD81B7480EEE8FBB99192AAA800A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans delinquent</link:label>
    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_B6CFCD81B7480EEE8FBB99192AAA800A_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_B6CFCD81B7480EEE8FBB99192AAA800A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable, Recorded Investment, Past Due</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_B6CFCD81B7480EEE8FBB99192AAA800A" xlink:type="locator" />
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    <link:label id="lab_slm_LoansInRepayment_7D3D592820917566497499192AAA881B_verboseLabel_en-US" xlink:label="lab_slm_LoansInRepayment_7D3D592820917566497499192AAA881B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total TDR loans in repayment</link:label>
    <link:label id="lab_slm_LoansInRepayment_7D3D592820917566497499192AAA881B_label_en-US" xlink:label="lab_slm_LoansInRepayment_7D3D592820917566497499192AAA881B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans In Repayment</link:label>
    <link:label id="lab_slm_LoansInRepayment_7D3D592820917566497499192AAA881B_documentation_en-US" xlink:label="lab_slm_LoansInRepayment_7D3D592820917566497499192AAA881B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total loans in repayment.</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoansInRepayment" xlink:label="loc_slm_LoansInRepayment_7D3D592820917566497499192AAA881B" xlink:type="locator" />
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    <link:label id="lab_slm_LoansGross_5D2D4C72FFB881CE86D499192AAA1632_terseLabel_en-US" xlink:label="lab_slm_LoansGross_5D2D4C72FFB881CE86D499192AAA1632" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total TDR loans, gross</link:label>
    <link:label id="lab_slm_LoansGross_5D2D4C72FFB881CE86D499192AAA1632_label_en-US" xlink:label="lab_slm_LoansGross_5D2D4C72FFB881CE86D499192AAA1632" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Gross</link:label>
    <link:label id="lab_slm_LoansGross_5D2D4C72FFB881CE86D499192AAA1632_documentation_en-US" xlink:label="lab_slm_LoansGross_5D2D4C72FFB881CE86D499192AAA1632" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total loans, gross</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoansGross" xlink:label="loc_slm_LoansGross_5D2D4C72FFB881CE86D499192AAA1632" xlink:type="locator" />
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    <link:label id="lab_slm_LoansInRepaymentCurrentInPercentage_96D0DCB1CB623BB4F76899192AAA7E01_terseLabel_en-US" xlink:label="lab_slm_LoansInRepaymentCurrentInPercentage_96D0DCB1CB623BB4F76899192AAA7E01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans current (as a percentage)</link:label>
    <link:label id="lab_slm_LoansInRepaymentCurrentInPercentage_96D0DCB1CB623BB4F76899192AAA7E01_label_en-US" xlink:label="lab_slm_LoansInRepaymentCurrentInPercentage_96D0DCB1CB623BB4F76899192AAA7E01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans In Repayment Current In Percentage</link:label>
    <link:label id="lab_slm_LoansInRepaymentCurrentInPercentage_96D0DCB1CB623BB4F76899192AAA7E01_documentation_en-US" xlink:label="lab_slm_LoansInRepaymentCurrentInPercentage_96D0DCB1CB623BB4F76899192AAA7E01" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans in repayment current in percentage.</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoansInRepaymentCurrentInPercentage" xlink:label="loc_slm_LoansInRepaymentCurrentInPercentage_96D0DCB1CB623BB4F76899192AAA7E01" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancingReceivablePercentPastDue_854AF33DB5F275D9F56599192AAADC82_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablePercentPastDue_854AF33DB5F275D9F56599192AAADC82" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans delinquent (as a percentage)</link:label>
    <link:label id="lab_us-gaap_FinancingReceivablePercentPastDue_854AF33DB5F275D9F56599192AAADC82_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablePercentPastDue_854AF33DB5F275D9F56599192AAADC82" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable, Percent Past Due</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancingReceivablePercentPastDue" xlink:label="loc_us-gaap_FinancingReceivablePercentPastDue_854AF33DB5F275D9F56599192AAADC82" xlink:type="locator" />
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    <link:label id="lab_slm_LoansInRepaymentInPercentage_6372FDB762061577AE9799192AAAFDC1_verboseLabel_en-US" xlink:label="lab_slm_LoansInRepaymentInPercentage_6372FDB762061577AE9799192AAAFDC1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total TDR loans in repayment, in percentage</link:label>
    <link:label id="lab_slm_LoansInRepaymentInPercentage_6372FDB762061577AE9799192AAAFDC1_label_en-US" xlink:label="lab_slm_LoansInRepaymentInPercentage_6372FDB762061577AE9799192AAAFDC1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans In Repayment In Percentage</link:label>
    <link:label id="lab_slm_LoansInRepaymentInPercentage_6372FDB762061577AE9799192AAAFDC1_documentation_en-US" xlink:label="lab_slm_LoansInRepaymentInPercentage_6372FDB762061577AE9799192AAAFDC1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total loans in repayment, in percentage.</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoansInRepaymentInPercentage" xlink:label="loc_slm_LoansInRepaymentInPercentage_6372FDB762061577AE9799192AAAFDC1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtDisclosureAbstract_6DF8989A93230002C6F2BF2BAF70036C_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureAbstract_6DF8989A93230002C6F2BF2BAF70036C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
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    <link:label id="lab_slm_LineofCreditFacilityPercentOutstandingofBorrowingCapacity_D353549E657637DE9AD9D4A85A56ED2A_terseLabel_en-US" xlink:label="lab_slm_LineofCreditFacilityPercentOutstandingofBorrowingCapacity_D353549E657637DE9AD9D4A85A56ED2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ownership interest percentage in loan facility</link:label>
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    <link:label id="lab_slm_LineofCreditRequiredOwnershipInterest_2F4E50E61FA5FBFFCEDDD4A85A5604FC_terseLabel_en-US" xlink:label="lab_slm_LineofCreditRequiredOwnershipInterest_2F4E50E61FA5FBFFCEDDD4A85A5604FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required ownership interest</link:label>
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    <link:label id="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_737ADDA032764B3CFCA7D4A85A566ABE_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_737ADDA032764B3CFCA7D4A85A566ABE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Funds available for Private Education Loan originations</link:label>
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    <link:label id="lab_slm_DebtInstrumentContractualMaturityTermRevolvingPeriod_12AE1B9E712F6BBF466BD4A85A5673C2_terseLabel_en-US" xlink:label="lab_slm_DebtInstrumentContractualMaturityTermRevolvingPeriod_12AE1B9E712F6BBF466BD4A85A5673C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual maturity term, revolving period</link:label>
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    <link:label id="lab_slm_DebtInstrumentContractualMaturityTermAmortizationPeriod_ADA0F28C1DE7D8DC14BCD4A85A5676D1_terseLabel_en-US" xlink:label="lab_slm_DebtInstrumentContractualMaturityTermAmortizationPeriod_ADA0F28C1DE7D8DC14BCD4A85A5676D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual maturity term, amortization period</link:label>
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    <link:loc xlink:href="slm-20160930.xsd#slm_DebtInstrumentContractualMaturityTermAmortizationPeriod" xlink:label="loc_slm_DebtInstrumentContractualMaturityTermAmortizationPeriod_ADA0F28C1DE7D8DC14BCD4A85A5676D1" xlink:type="locator" />
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    <link:label id="lab_slm_LoansSecuritizedorAssetBackedFinancingArrangementOwnershipInterestAmount_6C46735B1D413806726DD4A85A567D8C_terseLabel_en-US" xlink:label="lab_slm_LoansSecuritizedorAssetBackedFinancingArrangementOwnershipInterestAmount_6C46735B1D413806726DD4A85A567D8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount of ownership interest in loan securitization</link:label>
    <link:label id="lab_slm_LoansSecuritizedorAssetBackedFinancingArrangementOwnershipInterestAmount_6C46735B1D413806726DD4A85A567D8C_label_en-US" xlink:label="lab_slm_LoansSecuritizedorAssetBackedFinancingArrangementOwnershipInterestAmount_6C46735B1D413806726DD4A85A567D8C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Securitized or Asset-Backed Financing Arrangement, Ownership Interest, Amount</link:label>
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    <link:loc xlink:href="slm-20160930.xsd#slm_LoansSecuritizedorAssetBackedFinancingArrangementOwnershipInterestAmount" xlink:label="loc_slm_LoansSecuritizedorAssetBackedFinancingArrangementOwnershipInterestAmount_6C46735B1D413806726DD4A85A567D8C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_9F15FB76AB7EC5EE9016D4A85A561FAF_verboseLabel_en-US" xlink:label="lab_us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_9F15FB76AB7EC5EE9016D4A85A561FAF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amount of loan securitization sold to third parties</link:label>
    <link:label id="lab_us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_9F15FB76AB7EC5EE9016D4A85A561FAF_label_en-US" xlink:label="lab_us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_9F15FB76AB7EC5EE9016D4A85A561FAF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuing Involvement with Transferred Financial Assets, Principal Amount Outstanding</link:label>
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    <link:label id="lab_slm_EstimatedWeightedAverageLifeOfStudentLoans_8191C7AAB3001914A177D4A85A5677E5_terseLabel_en-US" xlink:label="lab_slm_EstimatedWeightedAverageLifeOfStudentLoans_8191C7AAB3001914A177D4A85A5677E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated weighted average life of student loans (in years)</link:label>
    <link:label id="lab_slm_EstimatedWeightedAverageLifeOfStudentLoans_8191C7AAB3001914A177D4A85A5677E5_label_en-US" xlink:label="lab_slm_EstimatedWeightedAverageLifeOfStudentLoans_8191C7AAB3001914A177D4A85A5677E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimated Weighted Average Life Of Student Loans</link:label>
    <link:label id="lab_slm_EstimatedWeightedAverageLifeOfStudentLoans_8191C7AAB3001914A177D4A85A5677E5_documentation_en-US" xlink:label="lab_slm_EstimatedWeightedAverageLifeOfStudentLoans_8191C7AAB3001914A177D4A85A5677E5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Estimated weighted average life of student loans.</link:label>
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    <link:label id="lab_slm_UncommittedFederalFunds_0CB83AC8C3BB6D81FB35D4A85A56372D_terseLabel_en-US" xlink:label="lab_slm_UncommittedFederalFunds_0CB83AC8C3BB6D81FB35D4A85A56372D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Uncommitted federal funds</link:label>
    <link:label id="lab_slm_UncommittedFederalFunds_0CB83AC8C3BB6D81FB35D4A85A56372D_label_en-US" xlink:label="lab_slm_UncommittedFederalFunds_0CB83AC8C3BB6D81FB35D4A85A56372D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Uncommitted Federal Funds</link:label>
    <link:label id="lab_slm_UncommittedFederalFunds_0CB83AC8C3BB6D81FB35D4A85A56372D_documentation_en-US" xlink:label="lab_slm_UncommittedFederalFunds_0CB83AC8C3BB6D81FB35D4A85A56372D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Uncommitted Federal Funds</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_UncommittedFederalFunds" xlink:label="loc_slm_UncommittedFederalFunds_0CB83AC8C3BB6D81FB35D4A85A56372D" xlink:type="locator" />
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    <link:label id="lab_slm_Lendablevalueofcollateral_636098E21B36C56A2817D4A85A5699B4_terseLabel_en-US" xlink:label="lab_slm_Lendablevalueofcollateral_636098E21B36C56A2817D4A85A5699B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lendable value of collateral</link:label>
    <link:label id="lab_slm_Lendablevalueofcollateral_636098E21B36C56A2817D4A85A5699B4_label_en-US" xlink:label="lab_slm_Lendablevalueofcollateral_636098E21B36C56A2817D4A85A5699B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lendable value of collateral</link:label>
    <link:label id="lab_slm_Lendablevalueofcollateral_636098E21B36C56A2817D4A85A5699B4_documentation_en-US" xlink:label="lab_slm_Lendablevalueofcollateral_636098E21B36C56A2817D4A85A5699B4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lendable value of collateral</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_Lendablevalueofcollateral" xlink:label="loc_slm_Lendablevalueofcollateral_636098E21B36C56A2817D4A85A5699B4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_slm_Lendablevalueofcollateral_636098E21B36C56A2817D4A85A5699B4" xlink:to="lab_slm_Lendablevalueofcollateral_636098E21B36C56A2817D4A85A5699B4" xlink:type="arc" />
    <link:label id="lab_slm_PercentofPrivateLoansindexedtoLIBOR_709301643AC45872617C99192ABCF2A2_terseLabel_en-US" xlink:label="lab_slm_PercentofPrivateLoansindexedtoLIBOR_709301643AC45872617C99192ABCF2A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percent of private loans indexed to LIBOR</link:label>
    <link:label id="lab_slm_PercentofPrivateLoansindexedtoLIBOR_709301643AC45872617C99192ABCF2A2_label_en-US" xlink:label="lab_slm_PercentofPrivateLoansindexedtoLIBOR_709301643AC45872617C99192ABCF2A2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percent of Private Loans indexed to LIBOR</link:label>
    <link:label id="lab_slm_PercentofPrivateLoansindexedtoLIBOR_709301643AC45872617C99192ABCF2A2_documentation_en-US" xlink:label="lab_slm_PercentofPrivateLoansindexedtoLIBOR_709301643AC45872617C99192ABCF2A2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percent of Private Loans indexed to LIBOR</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_PercentofPrivateLoansindexedtoLIBOR" xlink:label="loc_slm_PercentofPrivateLoansindexedtoLIBOR_709301643AC45872617C99192ABCF2A2" xlink:type="locator" />
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    <link:label id="lab_slm_TierOneofGovernmentGuarantee_B350EFDBE76823B2EB8699192ABCE501_verboseLabel_en-US" xlink:label="lab_slm_TierOneofGovernmentGuarantee_B350EFDBE76823B2EB8699192ABCE501" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Tier 1 of government guarantee (in percentage)</link:label>
    <link:label id="lab_slm_TierOneofGovernmentGuarantee_B350EFDBE76823B2EB8699192ABCE501_label_en-US" xlink:label="lab_slm_TierOneofGovernmentGuarantee_B350EFDBE76823B2EB8699192ABCE501" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tier One of Government Guarantee</link:label>
    <link:label id="lab_slm_TierOneofGovernmentGuarantee_B350EFDBE76823B2EB8699192ABCE501_documentation_en-US" xlink:label="lab_slm_TierOneofGovernmentGuarantee_B350EFDBE76823B2EB8699192ABCE501" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tier One of Government Guarantee</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_TierOneofGovernmentGuarantee" xlink:label="loc_slm_TierOneofGovernmentGuarantee_B350EFDBE76823B2EB8699192ABCE501" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_slm_TierOneofGovernmentGuarantee_B350EFDBE76823B2EB8699192ABCE501" xlink:to="lab_slm_TierOneofGovernmentGuarantee_B350EFDBE76823B2EB8699192ABCE501" xlink:type="arc" />
    <link:label id="lab_slm_TierTwoofGovernmentGuarantee_63866F5BACE043844D3E99192ABC40A2_terseLabel_en-US" xlink:label="lab_slm_TierTwoofGovernmentGuarantee_63866F5BACE043844D3E99192ABC40A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tier 2 of government guarantee (in percentage)</link:label>
    <link:label id="lab_slm_TierTwoofGovernmentGuarantee_63866F5BACE043844D3E99192ABC40A2_label_en-US" xlink:label="lab_slm_TierTwoofGovernmentGuarantee_63866F5BACE043844D3E99192ABC40A2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tier Two of Government Guarantee</link:label>
    <link:label id="lab_slm_TierTwoofGovernmentGuarantee_63866F5BACE043844D3E99192ABC40A2_documentation_en-US" xlink:label="lab_slm_TierTwoofGovernmentGuarantee_63866F5BACE043844D3E99192ABC40A2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tier Two of Government Guarantee</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_TierTwoofGovernmentGuarantee" xlink:label="loc_slm_TierTwoofGovernmentGuarantee_63866F5BACE043844D3E99192ABC40A2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_slm_TierTwoofGovernmentGuarantee_63866F5BACE043844D3E99192ABC40A2" xlink:to="lab_slm_TierTwoofGovernmentGuarantee_63866F5BACE043844D3E99192ABC40A2" xlink:type="arc" />
    <link:label id="lab_slm_TierThreeofGovernmentGuarantee_58F4A41B2CA7A5931E9C99192ABDA4EC_terseLabel_en-US" xlink:label="lab_slm_TierThreeofGovernmentGuarantee_58F4A41B2CA7A5931E9C99192ABDA4EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tier 3 of government guarantee (in percentage)</link:label>
    <link:label id="lab_slm_TierThreeofGovernmentGuarantee_58F4A41B2CA7A5931E9C99192ABDA4EC_label_en-US" xlink:label="lab_slm_TierThreeofGovernmentGuarantee_58F4A41B2CA7A5931E9C99192ABDA4EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tier Three of Government Guarantee</link:label>
    <link:label id="lab_slm_TierThreeofGovernmentGuarantee_58F4A41B2CA7A5931E9C99192ABDA4EC_documentation_en-US" xlink:label="lab_slm_TierThreeofGovernmentGuarantee_58F4A41B2CA7A5931E9C99192ABDA4EC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tier Three of Government Guarantee</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_TierThreeofGovernmentGuarantee" xlink:label="loc_slm_TierThreeofGovernmentGuarantee_58F4A41B2CA7A5931E9C99192ABDA4EC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_B25972EC8A903F2CCDF0EDA11F149CD9_terseLabel_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock_05D4FD36A3915AB19FEB2F6684E8058E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies</link:label>
    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_B25972EC8A903F2CCDF0EDA11F149CD9_label_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock_05D4FD36A3915AB19FEB2F6684E8058E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Text Block]</link:label>
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    <link:label id="lab_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_2759813ADBA291CFD7E099192A9ADF4C_terseLabel_en-US" xlink:label="lab_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_2759813ADBA291CFD7E099192A9ADF4C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans in-school/grace/deferment</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment" xlink:label="loc_slm_LoanStatusInSchoolGraceAndDefermentRecordedInvestment_2759813ADBA291CFD7E099192A9ADF4C" xlink:type="locator" />
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    <link:label id="lab_slm_LoanStatusForbearanceRecordedInvestment_60DF65AF45E712178A3C99192A9BD142_terseLabel_en-US" xlink:label="lab_slm_LoanStatusForbearanceRecordedInvestment_60DF65AF45E712178A3C99192A9BD142" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans in forbearance</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoanStatusForbearanceRecordedInvestment" xlink:label="loc_slm_LoanStatusForbearanceRecordedInvestment_60DF65AF45E712178A3C99192A9BD142" xlink:type="locator" />
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    <link:label id="lab_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_891732B05B1DFC3AFDDF99192A9B40F9_terseLabel_en-US" xlink:label="lab_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_891732B05B1DFC3AFDDF99192A9B40F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans in repayment and percentage of each status:</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_LoansInRepaymentAndPercentageOfEachStatusAbstract" xlink:label="loc_slm_LoansInRepaymentAndPercentageOfEachStatusAbstract_891732B05B1DFC3AFDDF99192A9B40F9" xlink:type="locator" />
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    <link:label id="lab_slm_LoansInRepayment_E05FDA0C74BBD156186199192A9BEBB0_terseLabel_en-US" xlink:label="lab_slm_LoansInRepayment_E05FDA0C74BBD156186199192A9BEBB0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Private Education Loans in repayment</link:label>
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    <link:label id="lab_slm_NetUnamortizedPremiumOrDiscount_9A338E0E5C34A3FB476699192A9BD959_terseLabel_en-US" xlink:label="lab_slm_NetUnamortizedPremiumOrDiscount_9A338E0E5C34A3FB476699192A9BD959" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Private Education Loans deferred origination costs</link:label>
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    <link:label id="lab_slm_PercentageOfLoansInRepayment_3E276E1DABF1C45B943D99192A9B5010_terseLabel_en-US" xlink:label="lab_slm_PercentageOfLoansInRepayment_3E276E1DABF1C45B943D99192A9B5010" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of Private Education Loans in repayment (as a percentage)</link:label>
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    <link:label id="lab_slm_NetIncreaseDecreaseinLoansHeldforSale_020DC073E15DDE0B4491BF2B22715434_documentation_en-US" xlink:label="lab_slm_NetIncreaseDecreaseinLoansHeldforSale_020DC073E15DDE0B4491BF2B22715434" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net (Increase) Decrease in Loans Held for Sale</link:label>
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    <link:label id="lab_slm_Originationofloansheldforsale_09332E74A8EBD4B70754BF2B22715871_negatedTerseLabel_en-US" xlink:label="lab_slm_Originationofloansheldforsale_09332E74A8EBD4B70754BF2B22715871" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Origination of loans held for sale</link:label>
    <link:label id="lab_slm_Originationofloansheldforsale_09332E74A8EBD4B70754BF2B22715871_label_en-US" xlink:label="lab_slm_Originationofloansheldforsale_09332E74A8EBD4B70754BF2B22715871" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Origination of loans held for sale</link:label>
    <link:label id="lab_slm_Originationofloansheldforsale_09332E74A8EBD4B70754BF2B22715871_documentation_en-US" xlink:label="lab_slm_Originationofloansheldforsale_09332E74A8EBD4B70754BF2B22715871" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Origination of loans held for sale</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_E91F1C099D702DF73C0BBF2B22719614_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_E91F1C099D702DF73C0BBF2B22719614" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Increase in accrued interest receivable</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInRestrictedCash_C36338319C5DC643665FBF2B22713A2D_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash_C36338319C5DC643665FBF2B22713A2D" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease (increase) in restricted cash and investments - other</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInRestrictedCash_C36338319C5DC643665FBF2B22713A2D_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash_C36338319C5DC643665FBF2B22713A2D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Restricted Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="loc_us-gaap_IncreaseDecreaseInRestrictedCash_C36338319C5DC643665FBF2B22713A2D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInterestEarningAssets_6DC56E390A0B3BE76F53BF2B2271F7E7_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInterestEarningAssets_6DC56E390A0B3BE76F53BF2B2271F7E7" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease in other interest-earning assets</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInterestEarningAssets_6DC56E390A0B3BE76F53BF2B2271F7E7_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInterestEarningAssets_6DC56E390A0B3BE76F53BF2B2271F7E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for (Proceeds from) Other Interest Earning Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInterestEarningAssets" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInterestEarningAssets_6DC56E390A0B3BE76F53BF2B2271F7E7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_5164932B09C7AA9B137ABF2B227153B2_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_5164932B09C7AA9B137ABF2B227153B2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease in tax indemnification receivable</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_5164932B09C7AA9B137ABF2B227153B2_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_5164932B09C7AA9B137ABF2B227153B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Income Taxes Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_5164932B09C7AA9B137ABF2B227153B2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_2024ADB457E88BD90B67BF2B2271721D_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_2024ADB457E88BD90B67BF2B2271721D" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Increase in other assets</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_2024ADB457E88BD90B67BF2B2271721D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_CC381170E2D97EB82010BF2B22717CAC_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_CC381170E2D97EB82010BF2B22717CAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease in income taxes payable, net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_CC381170E2D97EB82010BF2B22717CAC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInInterestPayableNet_DB24D9A17D5DC1D5BD25BF2B22711413_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInterestPayableNet_DB24D9A17D5DC1D5BD25BF2B22711413" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in accrued interest payable</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInDueToRelatedParties_54E1FF8F262049E8A27FBF2B22710D4A_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDueToRelatedParties_54E1FF8F262049E8A27FBF2B22710D4A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in payable due to entity that is a subsidiary of Navient</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_E74B91DA6A3610844D58BF2B2271175B_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_E74B91DA6A3610844D58BF2B2271175B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in other liabilities</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecurities_09870107D38A6DE3AAF0BF2B2271EC18" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_1CE21F689C3D6EC56CB7BF2B2271690D_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_1CE21F689C3D6EC56CB7BF2B2271690D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total net cash used in investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_1CE21F689C3D6EC56CB7BF2B2271690D_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_1CE21F689C3D6EC56CB7BF2B2271690D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
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    <link:label id="lab_slm_BorrowingsCollateralizedByLoansInTrustRepaid_F2CF01A938560A87E8B7BF2B227B8A4C_documentation_en-US" xlink:label="lab_slm_BorrowingsCollateralizedByLoansInTrustRepaid_F2CF01A938560A87E8B7BF2B227B8A4C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings Collateralized By Loans In Trust Repaid</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfCommercialPaper_4B16258D87B2C967F596BF2B227B9EB3_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfCommercialPaper_4B16258D87B2C967F596BF2B227B9EB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings under ABCP Facility</link:label>
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    <link:label id="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_26A8C3F86DF11540FA8FBF2B227B56E3_terseLabel_en-US" xlink:label="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_26A8C3F86DF11540FA8FBF2B227B56E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excess tax (expense) benefit from the exercise of stock-based awards</link:label>
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    <link:label id="lab_us-gaap_PaymentsOfDividends_7041684D5D0505537271BF2B227B49C2_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends_7041684D5D0505537271BF2B227B49C2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Preferred stock dividends paid</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_3C3550775CAF4B47EBE5BF2B227BC219_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_3C3550775CAF4B47EBE5BF2B227BC219" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by financing activities</link:label>
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    <link:label id="lab_us-gaap_BalanceSheetLocationDomain_D8F6AAEFE29074C83C41D702E14721EE_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationDomain_D8F6AAEFE29074C83C41D702E14721EE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Domain]</link:label>
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    <link:label id="lab_us-gaap_OtherLiabilitiesMember_2FD3713A28BB03EA42DED702E147A1EC_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesMember_2FD3713A28BB03EA42DED702E147A1EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities [Member]</link:label>
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    <link:label id="lab_slm_SplitLoansMember_54931CCD2B2B0F61029CB921FEB2F3FA_terseLabel_en-US" xlink:label="lab_slm_SplitLoansMember_54931CCD2B2B0F61029CB921FEB2F3FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Split Loans</link:label>
    <link:label id="lab_slm_SplitLoansMember_54931CCD2B2B0F61029CB921FEB2F3FA_label_en-US" xlink:label="lab_slm_SplitLoansMember_54931CCD2B2B0F61029CB921FEB2F3FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Split Loans [Member]</link:label>
    <link:label id="lab_slm_SplitLoansMember_54931CCD2B2B0F61029CB921FEB2F3FA_documentation_en-US" xlink:label="lab_slm_SplitLoansMember_54931CCD2B2B0F61029CB921FEB2F3FA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Split Loans [Member]</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_SplitLoansMember" xlink:label="loc_slm_SplitLoansMember_54931CCD2B2B0F61029CB921FEB2F3FA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_slm_SplitLoansMember_54931CCD2B2B0F61029CB921FEB2F3FA" xlink:to="lab_slm_SplitLoansMember_54931CCD2B2B0F61029CB921FEB2F3FA" xlink:type="arc" />
    <link:label id="lab_slm_ParticipatedloansMember_AFCACF7462227165BFC7B921FEB2A9FB_terseLabel_en-US" xlink:label="lab_slm_ParticipatedloansMember_AFCACF7462227165BFC7B921FEB2A9FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Participated loans</link:label>
    <link:label id="lab_slm_ParticipatedloansMember_AFCACF7462227165BFC7B921FEB2A9FB_label_en-US" xlink:label="lab_slm_ParticipatedloansMember_AFCACF7462227165BFC7B921FEB2A9FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Participated loans [Member]</link:label>
    <link:label id="lab_slm_ParticipatedloansMember_AFCACF7462227165BFC7B921FEB2A9FB_documentation_en-US" xlink:label="lab_slm_ParticipatedloansMember_AFCACF7462227165BFC7B921FEB2A9FB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Participated loans [Member]</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_ParticipatedloansMember" xlink:label="loc_slm_ParticipatedloansMember_AFCACF7462227165BFC7B921FEB2A9FB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RelatedPartyTransactionLineItems_DE0270032380949077ACB921FEB2A8F5_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionLineItems_DE0270032380949077ACB921FEB2A8F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Line Items]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionLineItems_DE0270032380949077ACB921FEB2A8F5_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionLineItems_DE0270032380949077ACB921FEB2A8F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Line Items]</link:label>
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    <link:label id="lab_slm_MinimumDaysPastDueThatCompanyMayRequireSpinOffCompanytoPurchaseLoans_630D3E87182CF2AA92ECB921FEB24575_terseLabel_en-US" xlink:label="lab_slm_MinimumDaysPastDueThatCompanyMayRequireSpinOffCompanytoPurchaseLoans_630D3E87182CF2AA92ECB921FEB24575" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum days past due that company may required spin-off company to purchase loans</link:label>
    <link:label id="lab_slm_MinimumDaysPastDueThatCompanyMayRequireSpinOffCompanytoPurchaseLoans_630D3E87182CF2AA92ECB921FEB24575_label_en-US" xlink:label="lab_slm_MinimumDaysPastDueThatCompanyMayRequireSpinOffCompanytoPurchaseLoans_630D3E87182CF2AA92ECB921FEB24575" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum Days Past Due That Company May Require Spin Off Company to Purchase Loans</link:label>
    <link:label id="lab_slm_MinimumDaysPastDueThatCompanyMayRequireSpinOffCompanytoPurchaseLoans_630D3E87182CF2AA92ECB921FEB24575_documentation_en-US" xlink:label="lab_slm_MinimumDaysPastDueThatCompanyMayRequireSpinOffCompanytoPurchaseLoans_630D3E87182CF2AA92ECB921FEB24575" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Minimum Days Past Due That Company May Require Spin Off Company to Purchase Loans</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_MinimumDaysPastDueThatCompanyMayRequireSpinOffCompanytoPurchaseLoans" xlink:label="loc_slm_MinimumDaysPastDueThatCompanyMayRequireSpinOffCompanytoPurchaseLoans_630D3E87182CF2AA92ECB921FEB24575" xlink:type="locator" />
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    <link:label id="lab_slm_PeriodofHardshipForbearance_C7C8D7951C36F88BB409B921FEB234FF_terseLabel_en-US" xlink:label="lab_slm_PeriodofHardshipForbearance_C7C8D7951C36F88BB409B921FEB234FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of hardship forbearance</link:label>
    <link:label id="lab_slm_PeriodofHardshipForbearance_C7C8D7951C36F88BB409B921FEB234FF_label_en-US" xlink:label="lab_slm_PeriodofHardshipForbearance_C7C8D7951C36F88BB409B921FEB234FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Period of Hardship Forbearance</link:label>
    <link:label id="lab_slm_PeriodofHardshipForbearance_C7C8D7951C36F88BB409B921FEB234FF_documentation_en-US" xlink:label="lab_slm_PeriodofHardshipForbearance_C7C8D7951C36F88BB409B921FEB234FF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period of Hardship Forbearance</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_PeriodofHardshipForbearance" xlink:label="loc_slm_PeriodofHardshipForbearance_C7C8D7951C36F88BB409B921FEB234FF" xlink:type="locator" />
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    <link:label id="lab_slm_PrivateEducationLoansNet_D4DF3F0766BC921C8139B921FEB24ED2_verboseLabel_en-US" xlink:label="lab_slm_PrivateEducationLoansNet_D4DF3F0766BC921C8139B921FEB24ED2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Split loans, net</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_PrivateEducationLoansNet" xlink:label="loc_slm_PrivateEducationLoansNet_D4DF3F0766BC921C8139B921FEB24ED2" xlink:type="locator" />
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    <link:label id="lab_slm_Loanssoldtorelatedparty_3EC55EFCF524D67E5629B921FEB2596A_terseLabel_en-US" xlink:label="lab_slm_Loanssoldtorelatedparty_3EC55EFCF524D67E5629B921FEB2596A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans sold to related party</link:label>
    <link:label id="lab_slm_Loanssoldtorelatedparty_3EC55EFCF524D67E5629B921FEB2596A_label_en-US" xlink:label="lab_slm_Loanssoldtorelatedparty_3EC55EFCF524D67E5629B921FEB2596A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans sold to related party</link:label>
    <link:label id="lab_slm_Loanssoldtorelatedparty_3EC55EFCF524D67E5629B921FEB2596A_documentation_en-US" xlink:label="lab_slm_Loanssoldtorelatedparty_3EC55EFCF524D67E5629B921FEB2596A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans sold to related party</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_Loanssoldtorelatedparty" xlink:label="loc_slm_Loanssoldtorelatedparty_3EC55EFCF524D67E5629B921FEB2596A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InterestIncomeRelatedParty_354869463C89E46E2635B921FEB2BB99_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeRelatedParty_354869463C89E46E2635B921FEB2BB99" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income from related party</link:label>
    <link:label id="lab_us-gaap_InterestIncomeRelatedParty_354869463C89E46E2635B921FEB2BB99_label_en-US" xlink:label="lab_us-gaap_InterestIncomeRelatedParty_354869463C89E46E2635B921FEB2BB99" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income, Related Party</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeRelatedParty" xlink:label="loc_us-gaap_InterestIncomeRelatedParty_354869463C89E46E2635B921FEB2BB99" xlink:type="locator" />
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    <link:label id="lab_slm_Gainsonloanstorelatedparty_40589AA03F94315A0BB8B921FEB22244_terseLabel_en-US" xlink:label="lab_slm_Gainsonloanstorelatedparty_40589AA03F94315A0BB8B921FEB22244" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains on loans to related party</link:label>
    <link:label id="lab_slm_Gainsonloanstorelatedparty_40589AA03F94315A0BB8B921FEB22244_label_en-US" xlink:label="lab_slm_Gainsonloanstorelatedparty_40589AA03F94315A0BB8B921FEB22244" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains on loans to related party</link:label>
    <link:label id="lab_slm_Gainsonloanstorelatedparty_40589AA03F94315A0BB8B921FEB22244_documentation_en-US" xlink:label="lab_slm_Gainsonloanstorelatedparty_40589AA03F94315A0BB8B921FEB22244" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gains on loans to related party</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_Gainsonloanstorelatedparty" xlink:label="loc_slm_Gainsonloanstorelatedparty_40589AA03F94315A0BB8B921FEB22244" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_slm_Gainsonloanstorelatedparty_40589AA03F94315A0BB8B921FEB22244" xlink:to="lab_slm_Gainsonloanstorelatedparty_40589AA03F94315A0BB8B921FEB22244" xlink:type="arc" />
    <link:label id="lab_slm_Writedowntofairvalueforloanssoldtorelatedparty_9ADCF4D95C7E5620DEB3B921FEB2D7CF_terseLabel_en-US" xlink:label="lab_slm_Writedowntofairvalueforloanssoldtorelatedparty_9ADCF4D95C7E5620DEB3B921FEB2D7CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Write-down to fair value for loans sold to related party</link:label>
    <link:label id="lab_slm_Writedowntofairvalueforloanssoldtorelatedparty_9ADCF4D95C7E5620DEB3B921FEB2D7CF_label_en-US" xlink:label="lab_slm_Writedowntofairvalueforloanssoldtorelatedparty_9ADCF4D95C7E5620DEB3B921FEB2D7CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Write-down to fair value for loans sold to related party</link:label>
    <link:label id="lab_slm_Writedowntofairvalueforloanssoldtorelatedparty_9ADCF4D95C7E5620DEB3B921FEB2D7CF_documentation_en-US" xlink:label="lab_slm_Writedowntofairvalueforloanssoldtorelatedparty_9ADCF4D95C7E5620DEB3B921FEB2D7CF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Write-down to fair value for loans sold to related party</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_Writedowntofairvalueforloanssoldtorelatedparty" xlink:label="loc_slm_Writedowntofairvalueforloanssoldtorelatedparty_9ADCF4D95C7E5620DEB3B921FEB2D7CF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_0901C300BE4771718585EDA11F04A0D0_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_351D6A3573225ED3B754F6649002CC64" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of common share repurchases</link:label>
    <link:label id="lab_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_0901C300BE4771718585EDA11F04A0D0_label_en-US" xlink:label="lab_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_351D6A3573225ED3B754F6649002CC64" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Treasury Stock [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfTreasuryStockByClassTextBlock" xlink:label="loc_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_351D6A3573225ED3B754F6649002CC64" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StockRepurchasedDuringPeriodShares_B5C06E54EA11E3C56FBCEDA11EC6515A_terseLabel_en-US" xlink:label="lab_us-gaap_StockRepurchasedDuringPeriodShares_A83D2C9DDF3C54BE940C2C67AF283D27" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares repurchased related to employee stock-based compensation plans (in shares)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodShares_A83D2C9DDF3C54BE940C2C67AF283D27" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TreasuryStockAcquiredAverageCostPerShare_FBB9D806E621EB88D421EDA11EC63BD9_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockAcquiredAverageCostPerShare_3DAEE1F7806053D0B76DD250B34A205A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average purchase price per share (in dollars per share)</link:label>
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    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_89D290109B2BE5B57C76EDA11EC6C081_verboseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesNewIssues_6A1A615722115B04A42874A8F6F43271" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Common shares issued (in shares)</link:label>
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    <link:label id="lab_slm_AverageRecordedInvestmentAndInterestIncomeRecognizedForTroubledDebtRestructuringLoansTableTextBlock_ACDA9C889DBBF54EBA6FEDA11ED53548_terseLabel_en-US" xlink:label="lab_slm_AverageRecordedInvestmentAndInterestIncomeRecognizedForTroubledDebtRestructuringLoansTableTextBlock_1E29B5776244587FA90E2842C32FC2E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average recorded investment and interest income recognized for troubled debt restructuring loans</link:label>
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    <link:label id="lab_slm_IncreaseDecreaseinTaxReceivableandIncomeTaxPayable_4F14118AAF408EA3ED90C3C0E1BE3B73_terseLabel_en-US" xlink:label="lab_slm_IncreaseDecreaseinTaxReceivableandIncomeTaxPayable_4F14118AAF408EA3ED90C3C0E1BE3B73" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in tax receivable and income tax payable</link:label>
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    <link:label id="lab_slm_ConsolidatedLoanRebateFee_104D31255092EE38EFA3C3C0E1BE4CB5_terseLabel_en-US" xlink:label="lab_slm_ConsolidatedLoanRebateFee_104D31255092EE38EFA3C3C0E1BE4CB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated loan rebate fee</link:label>
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    <link:label id="lab_slm_LoansandLeasesReceivableImpairedLoansGrantedForbearanceQualifiedasTroubleDebtRestructuring_43AFF19494EEC51B367799192AB08CC6_terseLabel_en-US" xlink:label="lab_slm_LoansandLeasesReceivableImpairedLoansGrantedForbearanceQualifiedasTroubleDebtRestructuring_43AFF19494EEC51B367799192AB08CC6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of loans granted forbearance qualified as TDR</link:label>
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    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_645E7F57FC409DCE99EC0968A624E433_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_C2AFD3A613255AB9A1D96AD18445ABDA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Financing Receivable [Axis]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_C2AFD3A613255AB9A1D96AD18445ABDA" xlink:type="locator" />
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    <link:label id="lab_slm_FICOscorelessthan670Member_D403F657D9C9D2D27C5B0968A62437D8_terseLabel_en-US" xlink:label="lab_slm_FICOscorelessthan670Member_0BA809C04DF55C04BE2D60BC1959FF9C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FICO score less than 670</link:label>
    <link:label id="lab_slm_FICOscorelessthan670Member_D403F657D9C9D2D27C5B0968A62437D8_label_en-US" xlink:label="lab_slm_FICOscorelessthan670Member_0BA809C04DF55C04BE2D60BC1959FF9C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FICO score less than 670 [Member]</link:label>
    <link:label id="lab_slm_FICOscorelessthan670Member_D403F657D9C9D2D27C5B0968A62437D8_documentation_en-US" xlink:label="lab_slm_FICOscorelessthan670Member_0BA809C04DF55C04BE2D60BC1959FF9C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">FICO score less than 670 [Member]</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_FICOscorelessthan670Member" xlink:label="loc_slm_FICOscorelessthan670Member_0BA809C04DF55C04BE2D60BC1959FF9C" xlink:type="locator" />
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    <link:label id="lab_slm_FICOscore670699Member_19C7859C9D5028D35EA00968A6240613_terseLabel_en-US" xlink:label="lab_slm_FICOscore670699Member_B007851B80CD513F91B0077DBBB8AB44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FICO score 670-699</link:label>
    <link:label id="lab_slm_FICOscore670699Member_19C7859C9D5028D35EA00968A6240613_label_en-US" xlink:label="lab_slm_FICOscore670699Member_B007851B80CD513F91B0077DBBB8AB44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FICO score 670-699 [Member]</link:label>
    <link:label id="lab_slm_FICOscore670699Member_19C7859C9D5028D35EA00968A6240613_documentation_en-US" xlink:label="lab_slm_FICOscore670699Member_B007851B80CD513F91B0077DBBB8AB44" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">FICO score 670-699 [Member]</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_FICOscore670699Member" xlink:label="loc_slm_FICOscore670699Member_B007851B80CD513F91B0077DBBB8AB44" xlink:type="locator" />
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    <link:label id="lab_slm_FICOscore700749Member_36E5B08BA28309FBD9DD0968A624991F_terseLabel_en-US" xlink:label="lab_slm_FICOscore700749Member_A249B50472A652359675CF7AC8D14E42" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FICO score 700-749</link:label>
    <link:label id="lab_slm_FICOscore700749Member_36E5B08BA28309FBD9DD0968A624991F_label_en-US" xlink:label="lab_slm_FICOscore700749Member_A249B50472A652359675CF7AC8D14E42" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FICO score 700-749 [Member]</link:label>
    <link:label id="lab_slm_FICOscore700749Member_36E5B08BA28309FBD9DD0968A624991F_documentation_en-US" xlink:label="lab_slm_FICOscore700749Member_A249B50472A652359675CF7AC8D14E42" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">FICO score 700-749 [Member]</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_FICOscore700749Member" xlink:label="loc_slm_FICOscore700749Member_A249B50472A652359675CF7AC8D14E42" xlink:type="locator" />
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    <link:label id="lab_slm_FICOscoregreaterthan750Member_0647A6B00A07726C901D0968A6248122_terseLabel_en-US" xlink:label="lab_slm_FICOscoregreaterthan750Member_41527ACE025A595D930C2E596A949AB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FICO score greater than or equal to 750</link:label>
    <link:label id="lab_slm_FICOscoregreaterthan750Member_0647A6B00A07726C901D0968A6248122_label_en-US" xlink:label="lab_slm_FICOscoregreaterthan750Member_41527ACE025A595D930C2E596A949AB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FICO score greater than 750 [Member]</link:label>
    <link:label id="lab_slm_FICOscoregreaterthan750Member_0647A6B00A07726C901D0968A6248122_documentation_en-US" xlink:label="lab_slm_FICOscoregreaterthan750Member_41527ACE025A595D930C2E596A949AB5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">FICO score greater than 750 [Member]</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_FICOscoregreaterthan750Member" xlink:label="loc_slm_FICOscoregreaterthan750Member_41527ACE025A595D930C2E596A949AB5" xlink:type="locator" />
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    <link:label id="lab_slm_CreditQualityIndicatorsAxis_A6A26930B95F19BD84C00968A6242AB7_terseLabel_en-US" xlink:label="lab_slm_CreditQualityIndicatorsAxis_DFA4311D9E1C53B8AFFD6E571C94C5EE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Quality Indicators [Axis]</link:label>
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    <link:label id="lab_slm_CreditQualityIndicatorsAxis_A6A26930B95F19BD84C00968A6242AB7_documentation_en-US" xlink:label="lab_slm_CreditQualityIndicatorsAxis_DFA4311D9E1C53B8AFFD6E571C94C5EE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit Quality Indicators [Axis]</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_CreditQualityIndicatorsAxis" xlink:label="loc_slm_CreditQualityIndicatorsAxis_DFA4311D9E1C53B8AFFD6E571C94C5EE" xlink:type="locator" />
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    <link:label id="lab_slm_CreditQualityIndicatorsDomain_E76751A43CA8D49A66200968A6248842_terseLabel_en-US" xlink:label="lab_slm_CreditQualityIndicatorsDomain_71BFDE843BCD598397239ABD1A1FBED2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Quality Indicators [Domain]</link:label>
    <link:label id="lab_slm_CreditQualityIndicatorsDomain_E76751A43CA8D49A66200968A6248842_label_en-US" xlink:label="lab_slm_CreditQualityIndicatorsDomain_71BFDE843BCD598397239ABD1A1FBED2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Quality Indicators [Domain]</link:label>
    <link:label id="lab_slm_CreditQualityIndicatorsDomain_E76751A43CA8D49A66200968A6248842_documentation_en-US" xlink:label="lab_slm_CreditQualityIndicatorsDomain_71BFDE843BCD598397239ABD1A1FBED2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit Quality Indicators [Domain]</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_CreditQualityIndicatorsDomain" xlink:label="loc_slm_CreditQualityIndicatorsDomain_71BFDE843BCD598397239ABD1A1FBED2" xlink:type="locator" />
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    <link:label id="lab_slm_CosignerMember_FC0893414192829C5A960968A62442B8_terseLabel_en-US" xlink:label="lab_slm_CosignerMember_6CBD9D990EE952508BE9163E4BCF0DDC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cosigners</link:label>
    <link:label id="lab_slm_CosignerMember_FC0893414192829C5A960968A62442B8_label_en-US" xlink:label="lab_slm_CosignerMember_6CBD9D990EE952508BE9163E4BCF0DDC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cosigner [Member]</link:label>
    <link:label id="lab_slm_CosignerMember_FC0893414192829C5A960968A62442B8_documentation_en-US" xlink:label="lab_slm_CosignerMember_6CBD9D990EE952508BE9163E4BCF0DDC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cosigner credit quality indicators that are developed and used internally by the company.</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_CosignerMember" xlink:label="loc_slm_CosignerMember_6CBD9D990EE952508BE9163E4BCF0DDC" xlink:type="locator" />
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    <link:label id="lab_slm_SchoolFicoMember_EA651B4691D200BBA60E0968A6240F37_terseLabel_en-US" xlink:label="lab_slm_SchoolFicoMember_5F5E779DD7B454BC85EBEC80F46229C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FICO at Original Approval</link:label>
    <link:label id="lab_slm_SchoolFicoMember_EA651B4691D200BBA60E0968A6240F37_label_en-US" xlink:label="lab_slm_SchoolFicoMember_5F5E779DD7B454BC85EBEC80F46229C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">School Fico [Member]</link:label>
    <link:label id="lab_slm_SchoolFicoMember_EA651B4691D200BBA60E0968A6240F37_documentation_en-US" xlink:label="lab_slm_SchoolFicoMember_5F5E779DD7B454BC85EBEC80F46229C0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">School type fico credit quality indicators that are developed and used internally by the company.</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_SchoolFicoMember" xlink:label="loc_slm_SchoolFicoMember_5F5E779DD7B454BC85EBEC80F46229C0" xlink:type="locator" />
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    <link:label id="lab_slm_RepaymentsMember_FAF74424C42DD055DDB10968A6240701_terseLabel_en-US" xlink:label="lab_slm_RepaymentsMember_C3172BD9337A56C7ABF046C95CD77BB2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Seasoning</link:label>
    <link:label id="lab_slm_RepaymentsMember_FAF74424C42DD055DDB10968A6240701_label_en-US" xlink:label="lab_slm_RepaymentsMember_C3172BD9337A56C7ABF046C95CD77BB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments [Member]</link:label>
    <link:label id="lab_slm_RepaymentsMember_FAF74424C42DD055DDB10968A6240701_documentation_en-US" xlink:label="lab_slm_RepaymentsMember_C3172BD9337A56C7ABF046C95CD77BB2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repayments credit quality indicators that are developed and used internally by the company.</link:label>
    <link:loc xlink:href="slm-20160930.xsd#slm_RepaymentsMember" xlink:label="loc_slm_RepaymentsMember_C3172BD9337A56C7ABF046C95CD77BB2" xlink:type="locator" />
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    <link:label id="lab_slm_PrivateLoansWithCosigner_AA6C7D43B20D2AF5AF4F0968A6241683_terseLabel_en-US" xlink:label="lab_slm_PrivateLoansWithCosigner_A766EADB7F9552AE8D649EFEF3791B1F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Private Education Loans with cosigner</link:label>
    <link:label id="lab_slm_PrivateLoansWithCosigner_AA6C7D43B20D2AF5AF4F0968A6241683_label_en-US" xlink:label="lab_slm_PrivateLoansWithCosigner_A766EADB7F9552AE8D649EFEF3791B1F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Private Loans With Cosigner</link:label>
    <link:label id="lab_slm_PrivateLoansWithCosigner_AA6C7D43B20D2AF5AF4F0968A6241683_documentation_en-US" xlink:label="lab_slm_PrivateLoansWithCosigner_A766EADB7F9552AE8D649EFEF3791B1F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Private loans with cosigner.</link:label>
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    <link:label id="lab_slm_SeasoningBasedOnMonthlyScheduledPaymentsDueFromTwentyFiveToThirtySixPayments_38E34F4B7F15D687DB180968A62480DA_terseLabel_en-US" xlink:label="lab_slm_SeasoningBasedOnMonthlyScheduledPaymentsDueFromTwentyFiveToThirtySixPayments_45EF253506825250A2D84852CBC9BC11" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Seasoning - based on monthly scheduled payments due from 25-36 payments</link:label>
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    <link:label id="lab_us-gaap_InterestExpenseAbstract_8E7CEA235159D014F1FBD335901AADF3_label_en-US" xlink:label="lab_us-gaap_InterestExpenseAbstract_8E7CEA235159D014F1FBD335901AADF3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense [Abstract]</link:label>
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    <link:label id="lab_us-gaap_InterestExpenseDeposits_F0462642E391DE11A436D335901A0FF9_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseDeposits_F0462642E391DE11A436D335901A0FF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:label id="lab_us-gaap_InterestExpenseDeposits_F0462642E391DE11A436D335901A0FF9_label_en-US" xlink:label="lab_us-gaap_InterestExpenseDeposits_F0462642E391DE11A436D335901A0FF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense, Deposits</link:label>
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    <link:label id="lab_us-gaap_InterestExpenseShortTermBorrowings_2838AB01171CEA238245D335901A5767_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseShortTermBorrowings_2838AB01171CEA238245D335901A5767" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense on short-term borrowings</link:label>
    <link:label id="lab_us-gaap_InterestExpenseShortTermBorrowings_2838AB01171CEA238245D335901A5767_label_en-US" xlink:label="lab_us-gaap_InterestExpenseShortTermBorrowings_2838AB01171CEA238245D335901A5767" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense, Short-term Borrowings</link:label>
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    <link:label id="lab_us-gaap_InterestExpenseLongTermDebt_2F18E5A73AB2937DB6D0D335901A34E3_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseLongTermDebt_2F18E5A73AB2937DB6D0D335901A34E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense on long-term borrowings</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseLongTermDebt" xlink:label="loc_us-gaap_InterestExpenseLongTermDebt_2F18E5A73AB2937DB6D0D335901A34E3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InterestExpense_2024084A9BFCD82AA217D335901A5C99_label_en-US" xlink:label="lab_us-gaap_InterestExpense_2024084A9BFCD82AA217D335901A5C99" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_2024084A9BFCD82AA217D335901A5C99" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InterestIncomeExpenseNet_4F2E95905F5870CC72BED335901AD173_totalLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNet_4F2E95905F5870CC72BED335901AD173" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net interest income</link:label>
    <link:label id="lab_us-gaap_InterestIncomeExpenseNet_4F2E95905F5870CC72BED335901AD173_label_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNet_4F2E95905F5870CC72BED335901AD173" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income (Expense), Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_4F2E95905F5870CC72BED335901AD173" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestIncomeExpenseNet_4F2E95905F5870CC72BED335901AD173" xlink:to="lab_us-gaap_InterestIncomeExpenseNet_4F2E95905F5870CC72BED335901AD173" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProvisionForLoanLeaseAndOtherLosses_B52C161E4FC2E5493F19D335901A6594_terseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanLeaseAndOtherLosses_B52C161E4FC2E5493F19D335901A6594" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: provisions for credit losses</link:label>
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    <link:label id="lab_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_DB82C6B66EA0A95F1591D335901A10A3_totalLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_DB82C6B66EA0A95F1591D335901A10A3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net interest income after provisions for credit losses</link:label>
    <link:label id="lab_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_DB82C6B66EA0A95F1591D335901A10A3_label_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_DB82C6B66EA0A95F1591D335901A10A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income (Expense), after Provision for Loan Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss" xlink:label="loc_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_DB82C6B66EA0A95F1591D335901A10A3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NoninterestIncomeAbstract_AE05FF5890C30DC11D91D335901A81BA_terseLabel_en-US" xlink:label="lab_us-gaap_NoninterestIncomeAbstract_AE05FF5890C30DC11D91D335901A81BA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-interest income:</link:label>
    <link:label id="lab_us-gaap_NoninterestIncomeAbstract_AE05FF5890C30DC11D91D335901A81BA_label_en-US" xlink:label="lab_us-gaap_NoninterestIncomeAbstract_AE05FF5890C30DC11D91D335901A81BA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noninterest Income [Abstract]</link:label>
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    <link:label id="lab_us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet_AA4A94D8EA61CF4752BED335901A356C_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet_AA4A94D8EA61CF4752BED335901A356C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains on sales of loans, net</link:label>
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