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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
FFELP Loans $ 104,588 $ 125,612
Private Education Loans 37,512 36,934
Investments    
Available-for-sale 109 72
Other 783 1,010
Total investments 892 1,082
Cash and cash equivalents 5,190 3,900
Restricted cash and investments 3,650 5,011
Goodwill and acquired intangible assets, net 424 448
Other assets 7,287 8,273
Total assets 159,543 181,260
Liabilities    
Short-term borrowings 13,795 19,856
Long-term borrowings 136,648 152,401
Other liabilities 3,458 3,937
Total liabilities 153,901 176,194
Commitments and contingencies      
Preferred stock, par value $.20 per share, 20 million shares authorized    
Common stock, par value $.20 per share, 1.125 billion shares authorized: 545 million and 536 million shares issued, respectively 109 107
Additional paid-in capital 4,399 4,237
Accumulated other comprehensive income (loss) (net of tax (expense) benefit of $(7) and $3, respectively) 13 (6)
Retained earnings 2,584 1,451
Total SLM Corporation stockholders' equity before treasury stock 7,670 6,354
Less: Common stock held in treasury at cost: 116 million and 83 million shares, respectively (2,033) (1,294)
Total SLM Corporation stockholders' equity 5,637 5,060
Noncontrolling interest 5 6
Total equity 5,642 5,066
Total liabilities and equity 159,543 181,260
Series A Preferred Stock [Member]
    
Preferred stock, par value $.20 per share, 20 million shares authorized    
Preferred stock, shares issued, at stated value 165 165
Series B Preferred Stock [Member]
    
Preferred stock, par value $.20 per share, 20 million shares authorized    
Preferred stock, shares issued, at stated value 400 400
Assets and Liabilities of Consolidated Variable Interest Entities [Member]
    
Assets    
FFELP Loans 99,254 121,059
Private Education Loans 25,530 26,072
Investments    
Restricted cash and investments 3,395 4,826
Other assets 2,322 2,312
Liabilities    
Short-term borrowings 3,655 9,551
Long-term borrowings 115,538 131,518
Net assets of consolidated variable interest entities $ 11,308 $ 13,200