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Borrowings - Additional Information (Details) - USD ($)
3 Months Ended 12 Months Ended
Feb. 22, 2017
Feb. 08, 2017
Feb. 25, 2016
Mar. 31, 2017
Dec. 31, 2016
Line of Credit Facility [Line Items]          
Short-term borrowings       $ 0 $ 0
Estimated weighted average life of student loans (in years)       6 years 6 years
Uncommitted federal funds       $ 125,000,000  
Lendable value of collateral       2,600,000,000 $ 2,600,000,000
ABCP borrowings          
Line of Credit Facility [Line Items]          
Short-term borrowings       $ 0 $ 0
ABCP borrowings | Commercial Paper          
Line of Credit Facility [Line Items]          
Private asset backed commercial paper education loan funding facility $ 750,000,000   $ 750,000,000.0    
Ownership interest percentage in residual interest in ABCP facility 100.00%     100.00%  
Short-term borrowings       $ 0  
Private Education Loans          
Line of Credit Facility [Line Items]          
Total loan amount securitized at inception   $ 772,000,000      
Amount of loan securitization sold to third parties   $ 772,000,000      
Class A Notes          
Line of Credit Facility [Line Items]          
Ownership interest percentage   100.00%      
Proceeds from loan securitization sold to third parties   $ 768,000,000      
Class A and B Notes          
Line of Credit Facility [Line Items]          
Estimated weighted average life of student loans (in years)   4 years 3 months 7 days      
Private Education Loans, 2016 Term A          
Line of Credit Facility [Line Items]          
Loans pledged as collateral       $ 795,000,000  
LIBOR | ABCP borrowings | Commercial Paper          
Line of Credit Facility [Line Items]          
Basis spread on variable rate 0.90%   0.90%    
LIBOR | Class A and B Notes          
Line of Credit Facility [Line Items]          
Basis spread on variable rate   0.93%      
Minimum | ABCP borrowings | Commercial Paper          
Line of Credit Facility [Line Items]          
Financing cost percentage of unused borrowing capacity 0.35%   0.35%    
Maximum | ABCP borrowings | Commercial Paper          
Line of Credit Facility [Line Items]          
Financing cost percentage of unused borrowing capacity 0.45%   0.45%