Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Interest income:
FFELP Loans	$ 849,275	$ 875,962	$ 1,726,653	$ 1,682,724
Private Education Loans	600,423	575,340	1,204,356	1,140,494
Other loans	5,393	7,254	11,304	16,250
Cash and investments	4,743	6,299	10,082	11,248
Total interest income	1,459,834	1,464,855	2,952,395	2,850,716
Total interest expense	591,427	568,933	1,186,022	1,100,317
Net interest income	868,407	895,922	1,766,373	1,750,399
Less: provisions for loan losses	290,686	382,239	594,091	741,359
Net interest income after provisions for loan losses	577,721	513,683	1,172,282	1,009,040
Other income (loss) :
Gains (losses) on sales of loans and securities, net		(3,515)		5,138
Gains (losses) on derivative and hedging activities, net	(509,788)	95,316	(751,670)	12,906
Servicing revenue	92,600	98,740	190,852	221,012
Contingency revenue	85,617	88,172	163,998	168,484
Gains on debt repurchases	323	91,050	38,226	181,131
Other	3,188	(2,449)	24,933	11,351
Total other income (loss)	(328,060)	367,314	(333,661)	600,022
Expenses:
Salaries and benefits	125,139	139,061	260,580	288,163
Other operating expenses	143,580	170,668	311,339	309,201
Total operating expenses	268,719	309,729	571,919	597,364
Goodwill and acquired intangible assets impairment and amortization expense	6,063	9,710	12,127	19,422
Restructuring expenses	1,594	17,808	5,155	42,612
Total expenses	276,376	337,247	589,201	659,398
Income (loss) from continuing operations, before income tax expense (benefit)	(26,715)	543,750	249,420	949,664
Income tax expense (benefit)	(9,585)	198,978	90,126	358,138
Net income (loss) from continuing operations	(17,130)	344,772	159,294	591,526
(Income) loss from discontinued operations, net of tax expense (benefit)	11,482	(6,954)	9,752	(13,568)
Net income (loss)	(5,648)	337,818	169,046	577,958
Preferred stock dividends	4,052	18,711	7,930	37,389
Net income (loss) attributable to common stock	$ (9,700)	$ 319,107	$ 161,116	$ 540,569
Basic earnings (loss) per common share:
Continuing operations	$ (0.04)	$ 0.67	$ 0.29	$ 1.15
Discontinued operations	$ 0.02	$ (0.01)	$ 0.02	$ (0.03)
Total	$ (0.02)	$ 0.66	$ 0.31	$ 1.12
Average common shares outstanding	523,808	484,832	525,269	484,547
Diluted earnings (loss) per common share:
Continuing operations	$ (0.04)	$ 0.64	$ 0.28	$ 1.11
Discontinued operations	$ 0.02	$ (0.01)	$ 0.02	$ (0.03)
Total	$ (0.02)	$ 0.63	$ 0.30	$ 1.08
Average common and common equivalent shares outstanding	523,808	527,391	530,865	527,013
Dividends per common share	$ 0.10		$ 0.10