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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
FFELP Loans $ 2,822 $ 3,251 $ 3,461
Private Education Loans 2,527 2,481 2,429
Other loans 11 16 21
Cash and investments 17 21 19
Total interest income 5,377 5,769 5,930
Total interest expense 2,210 2,561 2,401
Net interest income 3,167 3,208 3,529
Less: provisions for loan losses 839 1,080 1,295
Net interest income after provisions for loan losses 2,328 2,128 2,234
Other income (loss):      
Gains (losses) on sales of loans and investments 302   (35)
Losses on derivative and hedging activities, net (268) (628) (959)
Servicing revenue 290 279 283
Contingency revenue 420 356 333
Gains on debt repurchases 42 145 38
Other 100 92 69
Total other income (loss) 886 244 (271)
Expenses:      
Salaries and benefits 504 457 493
Other operating expenses 538 440 512
Total operating expenses 1,042 897 1,005
Goodwill and acquired intangible assets impairment and amortization expense 13 27 21
Restructuring and other reorganization expenses 72 11 12
Total expenses 1,127 935 1,038
Income from continuing operations, before income tax expense 2,087 1,437 925
Income tax expense 776 498 328
Net income from continuing operations 1,311 939 597
Income (loss) from discontinued operations, net of tax expense (benefit) 106 (2) 35
Net income 1,417 937 632
Less: net loss attributable to noncontrolling interest (1) (2) (1)
Net income (loss) attributable to SLM Corporation 1,418 939 633
Preferred stock dividends 20 20 18
Net income attributable to SLM Corporation common stock $ 1,398 $ 919 $ 615
Basic earnings per common share attributable to SLM Corporation:      
Continuing operations $ 2.94 $ 1.93 $ 1.12
Discontinued operations $ 0.24   $ 0.07
Total $ 3.18 $ 1.93 $ 1.19
Average common shares outstanding 440 476 517
Diluted earnings per common share attributable to SLM Corporation:      
Continuing operations $ 2.89 $ 1.90 $ 1.11
Discontinued operations $ 0.23   $ 0.07
Total $ 3.12 $ 1.90 $ 1.18
Average common and common equivalent shares outstanding 449 483 523
Dividends per common share attributable to SLM Corporation $ 0.60 $ 0.50 $ 0.30