XML 98 R73.htm IDEA: XBRL DOCUMENT v3.3.1.900
Borrowings - Additional (Details) - USD ($)
12 Months Ended
Jul. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Oct. 27, 2015
Apr. 23, 2015
Dec. 19, 2014
Debt Instrument [Line Items]            
Secured borrowings     $ 0      
Amount drawn and outstanding under ABCP facility   $ 500,175,000        
Discretionary uncommitted federal funds line of credit   100,000,000        
Lendable value of collateral   $ 1,700,000,000 $ 1,400,000,000      
Estimated weighted average life of student loans   6 years 2 months 6 days 6 years 2 months 12 days      
Private Education Loans            
Debt Instrument [Line Items]            
Private education loan term accounted for as a secured financing $ 714,000,000          
Loans sold to third parties 630,800,000     $ 701,000,000 $ 738,000,000  
Gross profit raised from loans sold to third parties $ 623,000,000          
Loans pledged as collateral   $ 687,300,000        
Class A and B Notes            
Debt Instrument [Line Items]            
Ownership interest percentage on asset-backed financing 5.00%          
Ownership interest amount of securitized or asset backed loan $ 33,000,000          
Estimated weighted average life of student loans 4 years 9 months 18 days          
Class C Notes            
Debt Instrument [Line Items]            
Ownership interest percentage on asset-backed financing 100.00%          
Ownership interest amount of securitized or asset backed loan $ 50,000,000          
Residual Certificates            
Debt Instrument [Line Items]            
Ownership interest percentage on asset-backed financing 100.00%          
ABCP borrowings            
Debt Instrument [Line Items]            
Contractual maturity related to ABCP facility   2 years        
Revolving period of contractual maturity   1 year        
Amortization period of contractual maturity   1 year        
Amount drawn and outstanding under ABCP facility   $ 500,175,000        
Loans pledged as collateral   $ 923,700,000        
London Interbank Offered Rate (LIBOR) | Class A and B Notes            
Debt Instrument [Line Items]            
Basis spread on variable rate 1.53%          
Commercial Paper | ABCP borrowings            
Debt Instrument [Line Items]            
Private education loan funding           $ 750,000,000
Ownership interest retained in ABCP facility (as a percent)   5.00%       5.00%
Line of Credit, Required Ownership Interest           $ 37,500,000
Funds available to draw           $ 712,500,000
Unused borrowing capacity fee (as a percent)   0.40%        
Commercial Paper | London Interbank Offered Rate (LIBOR) | ABCP borrowings            
Debt Instrument [Line Items]            
Basis spread on variable rate   0.80%