XML 130 R68.htm IDEA: XBRL DOCUMENT v2.4.0.8
Borrowings - Additional Information (Detail) (USD $)
3 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2012
Dec. 31, 2010
Dec. 31, 2011
Oct. 31, 2010
Dec. 31, 2009
May 11, 2009
Dec. 31, 2012
Auction Rate Securities [Member]
Dec. 31, 2012
Auction Rate Securities [Member]
Minimum [Member]
Dec. 31, 2012
Auction Rate Securities [Member]
Maximum [Member]
Dec. 31, 2012
FFELP ABCP Facility [Member]
Dec. 31, 2012
Long-Term Debt [Member]
Call Option [Member]
Dec. 31, 2012
Private Education Loan Trust 2009-B [Member]
Dec. 31, 2012
Private Education Loan Trust 2009-C [Member]
Dec. 31, 2012
Private Education Loan ABCP Facility [Member]
Dec. 31, 2012
Private Education Loan ABCP Facility [Member]
First Reduction [Member]
Dec. 31, 2012
Private Education Loan ABCP Facility [Member]
Second Reduction [Member]
Dec. 31, 2012
Private Education Loan ABCP Facility [Member]
Third Reduction [Member]
Dec. 31, 2012
Pre-Payable Debt [Member]
Long-Term Debt [Member]
Jan. 13, 2012
2012 Amendment [Member]
FFELP ABCP Facility [Member]
Jan. 10, 2014
2012 Amendment [Member]
FFELP ABCP Facility [Member]
Subsequent Event [Member]
Dec. 31, 2012
2012 Amendment [Member]
FFELP ABCP Facility [Member]
First Reduction [Member]
Dec. 31, 2012
2012 Amendment [Member]
FFELP ABCP Facility [Member]
Second Reduction [Member]
Dec. 31, 2012
Reset Rate Notes [Member]
May 11, 2009
ED Conduit Program [Member]
Dec. 31, 2012
ED Conduit Program [Member]
Dec. 31, 2011
ED Conduit Program [Member]
Dec. 31, 2012
Sallie Mae Bank [Member]
Debt [Line Items]                                                        
Outstanding long-term borrowings               $ 3,100,000,000       $ 3,600,000,000             $ 5,900,000,000                  
Additional fixed amount per loan paid by ED under purchase program   75                                                    
Interest rate charged on FFELP lenders under participation program   Preceding quarter commercial paper rate plus 0.50 percent                                                    
Variable interest rate charged under participation program   0.50%                                                    
Permitted rate reductions on loans eligible for ED   0.25%                                                    
Loans sold to ED under purchase program         20,400,000,000                                              
Outstanding advances paid off under the participation program         20,300,000,000                                              
Percentage of the student loan face amount advanced to the Company             0.97                                          
Percentage of price at which loan would be sold                                                 97.00%      
Price at which loans would be sold                                                 At a price of 97 percent of the face amount of the loans      
Principal amount of company loans funded through ED Conduit Program                                                   9,500,000,000 21,200,000,000  
Facility amount                                       7,500,000,000                
Maturity date of the facility                                       Jan. 09, 2015                
Usage fee for facility                                       0.50%                
Contractual reductions in amended facility                               2,500,000,000 1,700,000,000 800,000,000       6,500,000,000 5,500,000,000          
Minimum consolidated tangible net worth required                     1,380,000,000                                  
Consolidated tangible net worth                     3,400,000,000                                  
Interest rate increase on revolving credit facilities if covenant compliances not met                     LIBOR plus 4.50 percent                                  
Increase in usage fee over funding rate if liquidity agreements not renewed on trigger dates                                         1.00%              
Extension in maturity period of 2010 FFELP ABCP Facility if failure to pay off facility on maturity date                     90 days                                  
Minimum increase in interest rate if failure to pay off facility on maturity date                     LIBOR plus 1.00 percent                                  
Maximum increase in interest rate if failure to pay off facility on maturity date                     LIBOR plus 2.00 percent                                  
Book basis of the assets securing ABCP Facility                     4,500,000,000       1,800,000,000                          
Outstanding Borrowings Under Facility                     4,200,000,000       1,100,000,000                          
Amount of asset-backed commercial paper facility                             3,400,000,000                          
Percentage of cost of borrowing over commercial paper issuance cost                             1.10%                          
Maximum increase in usage fee over funding rate if facility not reduced on trigger dates                             1.95%                          
Percentage of par value for call prices                         93.00% 94.00%                            
ABS transaction, Total                         2,500,000,000 1,000,000,000                            
Securitized federal student loans and related assets of SLC     26,100,000,000                                                  
Purchase price of securitized federal student loans and related assets of SLC     1,100,000,000                                                  
Duration of term loan provided by Citibank     5 years                                                  
Percentage of original principal amount of term loan for Citibank loan repayments     2.50%                                                  
Carrying interest rate on Citibank loan for SLC acquisition     LIBOR plus 4.50 percent                                                  
LIBOR Equivalent Cost of Loan, Percentage     4.50%           1.50% 3.50%                           0.75%        
Auction rate securities bearing interest at the maximum rate allowable               1,400,000,000                                        
Maximum allowable interest rate on the Company's taxable auction rate securities 0.63 LIBOR plus 1.50 percent to 3.50 percent                                                    
Auction rate securities with successful auctions 1,700,000,000 1,700,000,000                                                    
Average rate on auction rate securities with successful auctions 2.12% 2.12%                                                    
Amount of Reset Rate Note that Failed Remarketing                                               6,000,000,000        
Debt Instrument Swapped Amount In Capital Markets due to be remarketed in 2013 Period                                               7,500,000,000        
Debt Instrument Swapped Amount In Capital Markets due to be remarketed in 2014 Period                                               1,500,000,000        
Debt Instrument Swapped Amount In Capital Markets due to be remarketed in subsequent periods thereafter                                               2,700,000,000        
Maximum amount can be borrowed under federal home loan bank 8,500,000,000 8,500,000,000                                                    
Amount of FFELP loans securing borrowings under federal home loan bank 2,700,000,000 2,700,000,000                                                    
Amount borrowed under federal home loan bank 2,100,000,000 2,100,000,000                                                    
Bank Deposits 7,800,000,000 7,800,000,000                                                   7,800,000,000
Retail Deposits of Sallie Mae Bank                                                       3,200,000,000
Brokered term deposits                                                       4,100,000,000
Deposits from Affiliates                                                       400,000,000
Cash and liquid investments 3,900,000,000 3,900,000,000 4,343,000,000 2,794,000,000   6,070,000,000                                           1,600,000,000
Borrowing capacity with Federal Reserve Bank                                                       945,000,000
Issuance of unsecured debt $ 2,700,000,000 $ 2,700,000,000 $ 1,500,000,000 $ 2,000,000,000