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Parent Only Statements - Balance Sheets (Details) - USD ($)
$ / shares in Units, $ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Nov. 30, 2020
Oct. 31, 2020
Jan. 01, 2020
Dec. 31, 2019
Assets              
Cash and cash equivalents $ 4,616,117 $ 4,334,603 $ 4,455,292        
Tax indemnification receivable 2,816 8,047          
Other assets 34,073 26,351          
Total assets 28,811,029 29,221,899          
Liabilities              
Long-term borrowings 5,235,114 5,930,990          
Other liabilities 400,874 313,074          
Total liabilities 27,084,059 27,072,188          
Equity              
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 435.1 million and 432.0 million shares issued, respectively 87,025 86,403          
Additional paid-in capital 1,109,072 1,074,384          
Accumulated other comprehensive loss (net of tax benefit of $(30,160) and $(5,707), respectively) (93,870) (17,897)          
Retained earnings 3,163,640 2,817,134       $ 952,639 $ 1,850,512
Total SLM Corporation stockholders’ equity before treasury stock 4,516,937 4,211,094          
Less: Common stock held in treasury at cost: 194.4 million and 153.1 million shares, respectively (2,789,967) (2,061,383)          
Total equity 1,726,970 2,149,711 2,562,835       3,311,836
Total liabilities and equity $ 28,811,029 $ 29,221,899          
Preferred stock, par or stated value (in dollars per share) $ 0.20 $ 0.20          
Preferred stock, shares authorized (in shares) 20,000,000 20,000,000          
Preferred stock liquidation preference (in dollars per share) $ 100 $ 100          
Common stock, par value (in dollars per share) $ 0.20 $ 0.20          
Common stock, shares authorized (in shares) 1,125,000,000 1,125,000,000          
Common stock, shares issued (in shares) 435,100,000 432,000,000.0          
Accumulated other comprehensive income, tax $ (30,160) $ 5,707          
Common stock held in treasury (In shares) 194,400,000 153,100,000          
Series B Preferred Stock              
Equity              
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 435.1 million and 432.0 million shares issued, respectively       $ 68,000      
Preferred stock liquidation preference (in dollars per share) $ 100            
Common stock, par value (in dollars per share)       $ 45      
Common stock, shares authorized (in shares)         2,000,000    
Common stock, shares issued (in shares)       1,489,304      
Parent Company              
Assets              
Cash and cash equivalents $ 196,820 $ 570,726 $ 539,074       $ 153,508
Total investments in subsidiaries (primarily Sallie Mae Bank) 2,476,020 2,527,780          
Tax indemnification receivable 2,816 8,047          
Due from subsidiaries, net 100,543 105,667          
Other assets 3,052 3,361          
Total assets 2,779,251 3,215,581          
Liabilities              
Long-term borrowings 988,986 986,138          
Income taxes payable, net 26,211 34,822          
Payable due to Navient 0 101          
Other liabilities 37,084 44,809          
Total liabilities 1,052,281 1,065,870          
Equity              
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 435.1 million and 432.0 million shares issued, respectively 87,025 86,403          
Additional paid-in capital 1,109,072 1,074,384          
Accumulated other comprehensive loss (net of tax benefit of $(30,160) and $(5,707), respectively) (93,870) (17,897)          
Retained earnings 3,163,640 2,817,134          
Total SLM Corporation stockholders’ equity before treasury stock 4,516,937 4,211,094          
Less: Common stock held in treasury at cost: 194.4 million and 153.1 million shares, respectively (2,789,967) (2,061,383)          
Total equity 1,726,970 2,149,711          
Total liabilities and equity $ 2,779,251 $ 3,215,581          
Preferred stock, par or stated value (in dollars per share) $ 0.20 $ 0.20          
Preferred stock, shares authorized (in shares) 20,000,000 20,000,000          
Common stock, par value (in dollars per share) $ 0.20 $ 0.20          
Common stock, shares authorized (in shares) 1,125,000,000 1,125,000,000          
Common stock, shares issued (in shares) 435,100,000 432,000,000.0          
Accumulated other comprehensive income, tax $ 30,160 $ (5,707)          
Common stock held in treasury (In shares) 194,400,000 153,100,000          
Parent Company | Series B Preferred Stock              
Equity              
Preferred stock, par value $0.20 per share, 20 million shares authorized: Series B: 2.5 million and 2.5 million shares issued, respectively, at stated value of $100 per share $ 251,070 $ 251,070          
Preferred stock, shares issued (in shares) 2,500,000 2,500,000          
Preferred stock liquidation preference (in dollars per share) $ 100 $ 100