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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Total SLM Corporation Equity
Preferred Stock
Common Stock
Treasury Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Series A Preferred Stock
Total SLM Corporation Equity
Series A Preferred Stock
Preferred Stock
Series A Preferred Stock
Retained Earnings
Series B Preferred Stock
Total SLM Corporation Equity
Series B Preferred Stock
Retained Earnings
Beginning balance, shares issued (in shares) at Dec. 31, 2014     7,300,000 424,804,125                  
Beginning balance (in shares) at Dec. 31, 2014       423,438,848 (1,365,277)                
Beginning balance at Dec. 31, 2014   $ 1,829,958 $ 565,000 $ 84,961 $ (12,187) $ 1,090,511 $ (11,393) $ 113,066          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income $ 274,284 274,284           274,284          
Other comprehensive income (loss), net of tax (4,666) (4,666)         (4,666)            
Total comprehensive income $ 269,618 269,618                      
Separation adjustments related to Spin-Off of Navient Corporation   1,660       1,660              
Cash dividends:                          
Preferred stock                 $ (11,501)   $ (11,501) $ (8,094) $ (8,094)
Redemption of Series A Preferred Stock (in shares) (3,008,913)                        
Dividend equivalent units related to employee stock-based compensation plans   0       1,146   (1,146)          
Issuance of common shares (in shares) 5,873,309     5,873,309                  
Issuance of common shares   15,980   $ 1,175   14,805              
Tax benefit (deficiency) related to employee stock-based compensation   6,140       6,140              
Stock-based compensation expense   21,598       21,598              
Shares repurchased related to employee stock-based compensation plans (in shares)       (3,008,913) (3,008,913)                
Shares repurchased related to employee stock-based compensation plans   (29,036)     $ (29,036)                
Ending balance, shares issued (in shares) at Dec. 31, 2015     7,300,000 430,677,434                  
Ending balance (in shares) at Dec. 31, 2015       426,303,244 (4,374,190)                
Ending balance at Dec. 31, 2015   2,096,323 $ 565,000 $ 86,136 $ (41,223) 1,135,860 (16,059) 366,609          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income $ 250,327 250,327           250,327          
Other comprehensive income (loss), net of tax 7,388 7,388         7,388            
Total comprehensive income $ 257,715 257,715                      
Cash dividends:                          
Preferred stock                 (11,501)   (11,501) (9,703) (9,703)
Redemption of Series A Preferred Stock (in shares) (3,354,730)                        
Dividend equivalent units related to employee stock-based compensation plans   0       410   (410)          
Issuance of common shares (in shares) 5,955,045     5,955,045                  
Issuance of common shares   19,191   $ 1,191   18,000              
Tax benefit (deficiency) related to employee stock-based compensation   (1,650)       (1,650)              
Stock-based compensation expense   22,944       22,944              
Shares repurchased related to employee stock-based compensation plans (in shares)       (3,354,730) (3,354,730)                
Shares repurchased related to employee stock-based compensation plans   (26,261)     $ (26,261)                
Ending balance, shares issued (in shares) at Dec. 31, 2016     7,300,000 436,632,479                  
Ending balance (in shares) at Dec. 31, 2016       428,903,559 (7,728,920)                
Ending balance at Dec. 31, 2016 $ 2,347,058 2,347,058 $ 565,000 $ 87,327 $ (67,484) 1,175,564 (8,671) 595,322          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 288,934 288,934           288,934          
Other comprehensive income (loss), net of tax 11,419 11,419         11,419            
Total comprehensive income $ 300,353 300,353                      
Cumulative effect of the new stock compensation standard   165       429   (264)          
Cash dividends:                          
Preferred stock                 $ (3,961)   $ (3,961) $ (11,753) $ (11,753)
Redemption of Series A Preferred Stock (in shares) (3,358,417)                 (3,300,000)      
Redemption of Series A Preferred Stock   (165,000)               $ (165,000)      
Dividend equivalent units related to employee stock-based compensation plans   0       96   (96)          
Issuance of common shares (in shares) 6,831,108     6,831,108                  
Issuance of common shares   19,655   $ 1,366   18,289              
Stock-based compensation expense   27,899       27,899              
Shares repurchased related to employee stock-based compensation plans (in shares)       (3,358,417) (3,358,417)                
Shares repurchased related to employee stock-based compensation plans   (40,160)     $ (40,160)                
Ending balance, shares issued (in shares) at Dec. 31, 2017     4,000,000 443,463,587                  
Ending balance (in shares) at Dec. 31, 2017       432,376,250 (11,087,337)                
Ending balance at Dec. 31, 2017 $ 2,474,256 $ 2,474,256 $ 400,000 $ 88,693 $ (107,644) $ 1,222,277 $ 2,748 $ 868,182