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Allowance for Loan Losses - Allowance for Credit Losses and Recorded Investments in Loans (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Allowance for Loan Losses        
Beginning balance $ 60,527 $ 55,484 $ 68,081 $ 69,189
Total provision 14,898 20,404 55,071 40,081
Charge-offs (5,139) [1] (671) [1] (6,436) [1] (1,425) [1]
Student loan sales (4,571) [2] (15,632) [3] (51,001) [4] (48,260) [3]
Ending Balance 65,715 59,585 65,715 59,585
Allowance:        
Ending balance: individually evaluated for impairment 2,966 0 2,966 0
Ending balance: collectively evaluated for impairment 62,749 59,585 62,749 59,585
Loans:        
Ending balance: individually evaluated for impairment 13,115 0 13,115 0
Ending balance: collectively evaluated for impairment 9,134,268 7,432,244 9,134,268 7,432,244
FFELP Loans
       
Allowance for Loan Losses        
Beginning balance 6,212 4,616 6,318 3,971
Total provision 291 1,403 1,482 2,802
Charge-offs (761) [1] (671) [1] (2,058) [1] (1,425) [1]
Student loan sales 0 [2] 0 [3] 0 [4] 0 [3]
Ending Balance 5,742 5,348 5,742 5,348
Allowance:        
Ending balance: individually evaluated for impairment 0 0 0 0
Ending balance: collectively evaluated for impairment 5,742 5,348 5,742 5,348
Loans:        
Ending balance: individually evaluated for impairment 0 0 0 0
Ending balance: collectively evaluated for impairment 1,317,963 1,217,404 1,317,963 1,217,404
Charge-offs as a percentage of average loans in repayment (annualized) 0.32% 0.30% 0.28% 0.23%
Allowance as a percentage of the ending total loan balance 0.44% 0.44% 0.44% 0.44%
Allowance as a percentage of the ending loans in repayment 0.61% 0.59% 0.61% 0.59%
Allowance coverage of charge-offs (annualized) 1.89 1.99 2.09 2.81
Ending total loans, gross 1,317,963 1,217,404 1,317,963 1,217,404
Average loans in repayment 953,620 896,801 980,733 839,085
Ending loans in repayment 945,230 902,766 945,230 902,766
Private Education Loans
       
Allowance for Loan Losses        
Beginning balance 54,315 50,868 61,763 65,218
Total provision 14,607 19,001 53,589 37,279
Charge-offs (4,378) [1] 0 [1] (4,378) [1] 0 [1]
Student loan sales (4,571) [2] (15,632) [3] (51,001) [4] (48,260) [3]
Ending Balance 59,973 54,237 59,973 54,237
Allowance:        
Ending balance: individually evaluated for impairment 2,966 0 2,966 0
Ending balance: collectively evaluated for impairment 57,007 54,237 57,007 54,237
Loans:        
Ending balance: individually evaluated for impairment 13,115 0 13,115 0
Ending balance: collectively evaluated for impairment 7,816,305 6,214,840 7,816,305 6,214,840
Charge-offs as a percentage of average loans in repayment (annualized) 0.39% 0.00% 0.13% 0.00%
Allowance as a percentage of the ending total loan balance 0.77% 0.87% 0.77% 0.87%
Allowance as a percentage of the ending loans in repayment 1.31% 1.54% 1.31% 1.54%
Allowance coverage of charge-offs (annualized) 3.42 0.00 10.27 0
Ending total loans, gross 7,829,420 6,214,840 7,829,420 6,214,840
Average loans in repayment 4,453,775 3,400,620 4,408,852 3,580,401
Ending loans in repayment $ 4,575,143 $ 3,518,997 $ 4,575,143 $ 3,518,997
[1] Prior to the Spin-Off, Private Education Loans were sold to an entity that is now a subsidiary of Navient prior to being charged-off.
[2] Represents fair value write-downs on loans sold.
[3] Represents fair value write-downs on delinquent loans sold prior to the Spin-Off to an entity that is now a subsidiary of Navient, recorded at the time of sale.
[4] Post-Spin-Off represents fair value write-downs on loans sold. Pre-Spin-Off represents fair value write-downs on delinquent loans sold to an entity that is now a subsidiary of Navient, recorded at the time of sale.