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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Total SLM Corporation Equity
Total SLM Corporation Equity
Cumulative Effect, Period of Adoption, Adjustment
Total SLM Corporation Equity
Cumulative Effect, Period Of Adoption, Adjusted Balance
Total SLM Corporation Equity
Series B Preferred Stock
Preferred Stock
Preferred Stock
Cumulative Effect, Period Of Adoption, Adjusted Balance
Preferred Stock
Series B Preferred Stock
Common Stock
Common Stock
Cumulative Effect, Period Of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Cumulative Effect, Period Of Adoption, Adjusted Balance
Additional Paid-In Capital
Additional Paid-In Capital
Cumulative Effect, Period Of Adoption, Adjusted Balance
Additional Paid-In Capital
Series B Preferred Stock
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income
Cumulative Effect, Period Of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period Of Adoption, Adjusted Balance
Retained Earnings
Series B Preferred Stock
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      
Beginning balance (Accounting Standards Update 2018-02) at Dec. 31, 2017     $ 0                           $ 592     $ (592)    
Beginning balance (Accounting Standards Update 2017-12) at Dec. 31, 2017     861                           $ 270     591    
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                                        
Cash dividends:                                            
Preferred stock         $ (15,640)                                 $ (15,640)
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                  
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)                      
Common stock repurchased (in shares) 0                                          
Repurchase of Preferred Stock, series B (in shares) (3,087,396)                                          
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       $ 400,000     $ 89,972   $ (142,591)   1,274,635     10,623     1,340,017      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
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         (16,837)                                 (16,837)
Common stock   (51,114)                                 (51,114)      
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      
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)                      
Dividend equivalent units related to employee stock-based compensation plans   0                     5           (5)      
Common stock repurchased (in shares) (16,962,199)               (16,962,199)   (16,962,199)                      
Common stock repurchased   (167,201)                 $ (167,201)                      
Repurchase of Preferred Stock, series B (in shares) (1,369,630)                                          
Ending balance, shares issued (in shares) at Dec. 31, 2019           4,000,000 4,000,000   453,599,926 453,599,926                        
Ending balance (in shares) at Dec. 31, 2019                 421,093,364 421,093,364 (32,506,562) (32,506,562)                    
Ending balance at Dec. 31, 2019 $ 3,311,836 3,311,836 $ (952,639) $ 2,359,197   $ 400,000 $ 400,000   $ 90,720 $ 90,720 $ (324,659) $ (324,659) 1,307,630 $ 1,307,630   (12,367)   $ (12,367) 1,850,512 $ (952,639) $ 897,873  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 880,690 880,690                                 880,690      
Other comprehensive income, net of tax (21,833) (21,833)                           (21,833)            
Total comprehensive income $ 858,857 858,857                                        
Cash dividends:                                            
Preferred stock         (9,734)                                 $ (9,734)
Common stock   (46,351)                                 (46,351)      
Issuance of common shares (in shares) 3,129,325               3,129,325                          
Issuance of common shares   3,602             $ 626       2,976                  
Stock-based compensation expense   36,586                     36,418           168      
Shares repurchased related to employee stock-based compensation plans (in shares)                 (1,197,843)   (1,197,843)                      
Shares repurchased related to employee stock-based compensation plans   (13,090)                 $ (13,090)                      
Dividend equivalent units related to employee stock-based compensation plans   (10)                     271           (281)      
Common stock repurchased (in shares) (47,736,847)               (47,736,847)   (47,736,847)                      
Common stock repurchased $ (75,000) (558,167)                 $ (461,244)   (96,923)                  
Repurchase of Preferred Stock, series B (in shares) (1,197,843)             (1,489,304)                            
Repurchase of Preferred Stock, series B         $ (68,055)     $ (148,930)             $ 80,875              
Ending balance, shares issued (in shares) at Dec. 31, 2020           2,510,696     456,729,251                          
Ending balance (in shares) at Dec. 31, 2020                 375,287,999   (81,441,252)                      
Ending balance at Dec. 31, 2020 $ 2,562,835 $ 2,562,835       $ 251,070     $ 91,346   $ (798,993)   $ 1,331,247     $ (34,200)     $ 1,722,365