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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 305 $ 474
Adjustments to reconcile net income to net cash provided by operating activities:    
Gains on loans and investments, net   (12)
Goodwill and acquired intangible asset impairment and amortization expense 10 4
Stock-based compensation expense 18 23
Unrealized gains on derivative and hedging activities (150) (362)
Provisions for loan losses 221 323
Decrease in restricted cash - other 1 63
Decrease in accrued interest receivable 50 102
Decrease in accrued interest payable (125) (7)
Decrease in other assets 417 407
Increase in other liabilities 24 40
Total net cash provided by operating activities 771 1,055
Investing activities    
Education loans acquired (2,183) (1,834)
Reduction of education loans:    
Installment payments, claims and other 7,458 7,044
Proceeds from sales of education loans   386
Other investing activities, net (51) (18)
Proceeds from maturities of available-for-sale securities 1 1
Purchases of other securities (43) (3)
Proceeds from maturities of other securities 41 1
Decrease (increase) in restricted cash - variable interest entities 164 (96)
Purchase of subsidiary, net of cash acquired   (181)
Total net cash provided by investing activities 5,387 5,300
Financing activities    
Borrowings collateralized by loans in trust - issued 3,791 3,424
Borrowings collateralized by loans in trust - repaid (6,603) (6,702)
Asset-backed commercial paper conduits, net (2,002) (887)
Other long-term borrowings issued   493
Other long-term borrowings repaid (1,228) (1,649)
Other financing activities, net 147 (139)
Common stock repurchased (375) (600)
Common stock dividends paid (105) (124)
Net cash used in financing activities (6,375) (6,184)
Net (decrease) increase in cash and cash equivalents (217) 171
Cash and cash equivalents at beginning of period 1,594 1,443
Cash and cash equivalents at end of period 1,377 1,614
Cash disbursements made (refunds received) for:    
Interest 1,088 991
Income taxes paid 87 $ 67
Income taxes received $ (2)