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Earnings per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Numerator:        
Net income $ 76,371 $ 56,965 $ 241,931 $ 180,085
Preferred stock dividends 3,028 5,316 12,577 15,698
Net income attributable to SLM Corporation common stock $ 73,343 $ 51,649 $ 229,354 $ 164,387
Denominator:        
Weighted average shares used to compute basic EPS (in shares) 431,718,000 428,077,000 430,958,000 427,711,000
Effect of dilutive securities:        
Dilutive effect of stock options, restricted stock and restricted stock units and Employee Stock Purchase Plan (ESPP) (in shares) 6,701,000 5,446,000 7,464,000 4,368,000
Weighted average shares used to compute diluted EPS (in shares) 438,419,000 433,523,000 438,422,000 432,079,000
Basic earnings per common share attributable to SLM Corporation (in dollars per share) $ 0.17 $ 0.12 $ 0.53 $ 0.38
Diluted earnings per common share attributable to SLM Corporation (in dollars per share) $ 0.17 $ 0.12 $ 0.52 $ 0.38
Securities excluded from computation of EPS (in shares) 0 1,000,000 0 1,000,000