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Earnings per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Numerator:        
Net income $ 171,028 $ 128,458 $ 447,990 $ 436,924
Preferred stock dividends 2,058 4,153 8,000 12,952
Net income attributable to SLM Corporation common stock $ 168,970 $ 124,305 $ 439,990 $ 423,972
Denominator:        
Weighted average shares used to compute basic EPS (in shares) 375,094,000 424,149,000 386,587,000 429,295,000
Effect of dilutive securities:        
Dilutive effect of stock options, restricted stock and restricted stock units and Employee Stock Purchase Plan (ESPP) (in shares) 2,824,000 3,187,000 2,804,000 3,277,000
Weighted average shares used to compute diluted EPS (in shares) 377,918,000 427,336,000 389,391,000 432,572,000
Basic earnings per common share attributable to SLM Corporation (in dollars per share) $ 0.45 $ 0.29 $ 1.14 $ 0.99
Diluted earnings per common share attributable to SLM Corporation (in dollars per share) $ 0.45 $ 0.29 $ 1.13 $ 0.98
Antidilutive securities excluded from computation of earnings per share (in shares) 2,000,000 0 0 0