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Borrowings - Additional Information (Details) - USD ($)
6 Months Ended 12 Months Ended
May 26, 2016
Feb. 25, 2016
Jun. 30, 2016
Dec. 31, 2015
Dec. 19, 2014
Line of Credit Facility [Line Items]          
Short-term borrowings     $ 0 $ 500,175,000  
Estimated weighted average life of student loans (in years)     6 years 6 years 2 months 12 days  
Uncommitted federal funds     $ 100,000,000    
Lendable value of collateral     2,800,000,000 $ 1,700,000,000  
Class A Notes          
Line of Credit Facility [Line Items]          
Amount of loan securitization sold to third parties $ 501,000,000        
Proceeds from loan securitization sold to third parties $ 501,000,000        
Estimated weighted average life of student loans (in years) 4 years 3 days        
Class B Notes          
Line of Credit Facility [Line Items]          
Ownership interest percentage 100.00%        
Amount of ownership interest in loan securitization $ 50,000,000        
ABCP borrowings          
Line of Credit Facility [Line Items]          
Short-term borrowings     0 $ 500,175,000  
Loans pledged as collateral     $ 0    
Contractual maturity     2 years    
Contractual maturity term, revolving period     1 year    
Contractual maturity term, amortization period     1 year    
ABCP borrowings | Commercial Paper          
Line of Credit Facility [Line Items]          
Private asset backed commercial paper education loan funding facility   $ 750,000,000.0     $ 750,000,000.0
Ownership interest percentage in loan facility         5.00%
Required ownership interest         $ 37,500,000
Funds available for Private Education Loan originations         $ 712,500,000
Financing cost percentage of unused borrowing capacity       0.40%  
Ownership interest percentage     100.00%    
Private Education Loans          
Line of Credit Facility [Line Items]          
Loans pledged as collateral     $ 583,000,000    
Total loan amount securitized at inception for the 2016 on-balance sheet term securitization 551,000,000        
Proceeds from loan securitization sold to third parties $ 501,000,000        
Residual Certificates          
Line of Credit Facility [Line Items]          
Ownership interest percentage 100.00%        
LIBOR | Class A Notes          
Line of Credit Facility [Line Items]          
Basis spread on variable rate 1.38%        
LIBOR | ABCP borrowings | Commercial Paper          
Line of Credit Facility [Line Items]          
Basis spread on variable rate   1.00%   0.80%  
Minimum | ABCP borrowings | Commercial Paper          
Line of Credit Facility [Line Items]          
Financing cost percentage of unused borrowing capacity   0.35%      
Maximum | ABCP borrowings | Commercial Paper          
Line of Credit Facility [Line Items]          
Financing cost percentage of unused borrowing capacity   0.45%