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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Series A Preferred Stock
Total SLM Corporation Equity
Total SLM Corporation Equity
Series A Preferred Stock
Total SLM Corporation Equity
Series B Preferred Stock
Redemption of Series A Preferred Stock
Redemption of Series A Preferred Stock
Series A Preferred Stock
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Retained Earnings
Series A Preferred Stock
Retained Earnings
Series B Preferred Stock
Beginning balance, shares issued (in shares) at Dec. 31, 2016           7,300,000   436,632,479            
Beginning balance (in shares) at Dec. 31, 2016               428,903,559 (7,728,920)          
Beginning balance at Dec. 31, 2016     $ 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, net of tax 11,419   11,419               11,419      
Total comprehensive income $ 300,353   300,353                      
Cash dividends:                            
Preferred Stock, series B ($3.91 per share)       $ (3,961) $ (11,753)               $ (3,961) $ (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        
Common stock repurchased (in shares) 0                          
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     $ 400,000   $ 88,693 $ (107,644) 1,222,277 2,748 868,182    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Reclassification resulting from the adoption of ASU No. 2018-02 $ 600                          
Beginning balance, shares issued (in shares) at Dec. 31, 2017           4,000,000   443,463,587            
Beginning balance (in shares) at Dec. 31, 2017               432,376,250 (11,087,337)          
Beginning balance at Dec. 31, 2017     2,474,256     $ 400,000   $ 88,693 $ (107,644) 1,222,277 2,748 868,182    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 487,476   487,476                 487,476    
Other comprehensive income, net of tax 7,013   7,013               7,013      
Total comprehensive income $ 494,489   494,489                      
Reclassification resulting from the adoption of ASU No. 2018-02     0             0 592 (592)    
Cash dividends:                            
Preferred Stock, series B ($3.91 per share)       $ (15,640)                 $ (15,640)  
Redemption of Series A Preferred Stock (in shares) (3,087,396)                          
Issuance of common shares (in shares) 6,392,634             6,392,634            
Issuance of common shares     22,113         $ 1,279   20,834        
Stock-based compensation expense     31,524             31,524        
Common stock repurchased (in shares) 0                          
Shares repurchased related to employee stock-based compensation plans (in shares)               (3,087,396) (3,087,396)          
Shares repurchased related to employee stock-based compensation plans     (34,947)           $ (34,947)          
Ending balance, shares issued (in shares) at Dec. 31, 2018           4,000,000   449,856,221            
Ending balance (in shares) at Dec. 31, 2018               435,681,488 (14,174,733)          
Ending balance at Dec. 31, 2018 $ 2,972,656   2,972,656     $ 400,000   $ 89,972 $ (142,591) 1,274,635 10,623 1,340,017    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Reclassification resulting from the adoption of ASU No. 2017-12 | Accounting Standards Update 2017-12 861                   270 591    
Net income 578,276   578,276                 578,276    
Other comprehensive income, net of tax (22,990)   (22,990)               (22,990)      
Total comprehensive income $ 555,286   555,286                      
Cash dividends:                            
Preferred Stock, series B ($3.91 per share)     (16,837)                 (16,837)    
Common Stock ($0.12 per share)     (51,114)                 (51,114)    
Redemption of Series A Preferred Stock (in shares) (1,369,630)                          
Dividend equivalent units related to employee stock-based compensation plans     0             5   (5)    
Issuance of common shares (in shares) 3,743,705             3,743,705            
Issuance of common shares     3,375         $ 748   2,627        
Stock-based compensation expense     30,538             30,363   175    
Common stock repurchased (in shares) (16,962,199)             (16,962,199) (16,962,199)          
Common stock repurchased $ (33,000)   (167,201)           $ (167,201)          
Shares repurchased related to employee stock-based compensation plans (in shares)               (1,369,630) (1,369,630)          
Shares repurchased related to employee stock-based compensation plans     (14,867)           $ (14,867)          
Ending balance, shares issued (in shares) at Dec. 31, 2019           4,000,000   453,599,926            
Ending balance (in shares) at Dec. 31, 2019               421,093,364 (32,506,562)          
Ending balance at Dec. 31, 2019 $ 3,311,836   $ 3,311,836     $ 400,000   $ 90,720 $ (324,659) $ 1,307,630 $ (12,367) $ 1,850,512