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Parent Only Statements - Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Nov. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Assets          
Cash and cash equivalents $ 4,455,292   $ 5,563,877 $ 2,559,106  
Income taxes receivable, net 374,706   88,844    
Tax indemnification receivable 18,492   27,558    
Other assets 19,533   29,398    
Total assets 30,770,423   32,686,479    
Liabilities          
Long-Term 5,189,217   4,354,037    
Other liabilities 352,332   254,731    
Total liabilities 28,207,588   29,374,643    
Preferred stock, par value $0.20 per share, 20 million shares authorized:          
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 456.7 million and 453.6 million shares issued, respectively 91,346   90,720    
Additional paid-in capital 1,331,247   1,307,630    
Accumulated other comprehensive loss (net of tax benefit of $(10,908) and $(3,995), respectively) (34,200)   (12,367)    
Retained earnings 1,722,365   1,850,512    
Total SLM Corporation stockholders’ equity before treasury stock 3,361,828   3,636,495    
Less: Common stock held in treasury at cost: 81.4 million and 32.5 million shares, respectively (798,993)   (324,659)    
Total equity 2,562,835   3,311,836    
Total liabilities and equity 30,770,423   32,686,479    
Series B Preferred Stock          
Preferred stock, par value $0.20 per share, 20 million shares authorized:          
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 456.7 million and 453.6 million shares issued, respectively   $ 68,000      
Parent Company          
Assets          
Cash and cash equivalents 539,074   153,508 $ 191,776 $ 260,255
Total investments in subsidiaries (primarily Sallie Mae Bank) 2,689,027   3,326,578    
Income taxes receivable, net 1,835   0    
Tax indemnification receivable 18,492   27,558    
Due from subsidiaries, net 47,357   42,544    
Other assets 2,457   2,579    
Total assets 3,298,242   3,552,767    
Liabilities          
Long-Term 692,879   198,159    
Income taxes payable, net 0   11,457    
Payable due to Navient 8,531   9,064    
Other liabilities 33,997   22,251    
Total liabilities 735,407   240,931    
Preferred stock, par value $0.20 per share, 20 million shares authorized:          
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 456.7 million and 453.6 million shares issued, respectively 91,346   90,720    
Additional paid-in capital 1,331,247   1,307,630    
Accumulated other comprehensive loss (net of tax benefit of $(10,908) and $(3,995), respectively) (34,200)   (12,367)    
Retained earnings 1,722,365   1,850,512    
Total SLM Corporation stockholders’ equity before treasury stock 3,361,828   3,636,495    
Less: Common stock held in treasury at cost: 81.4 million and 32.5 million shares, respectively (798,993)   (324,659)    
Total equity 2,562,835   3,311,836    
Total liabilities and equity 3,298,242   3,552,767    
Parent Company | Series B Preferred Stock          
Preferred stock, par value $0.20 per share, 20 million shares authorized:          
Preferred stock issued $ 251,070   $ 400,000