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Borrowings - Long Term Borrowings (Details) - USD ($)
12 Months Ended
Aug. 12, 2020
Feb. 12, 2020
Jun. 12, 2019
Mar. 13, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Oct. 29, 2020
Apr. 05, 2017
Debt Instrument [Line Items]                  
Total Issued         $ 1,343,000,000 $ 1,110,000,000      
Unsecured debt issued         $ 495,000,000 $ 0 $ 0    
Estimated weighted average life of student loans         5 years 4 months 24 days 5 years 4 months 24 days      
Senior Unsecured Notes Due April 5, 2022 | Unsecured Debt                  
Debt Instrument [Line Items]                  
Total Issued         $ 199,000,000       $ 200,000,000
Interest rate                 5.125%
Senior Unsecured Notes Due October 29, 2025 | Unsecured Debt                  
Debt Instrument [Line Items]                  
Total Issued         494,000,000     $ 500,000,000  
Interest rate               4.20%  
Private Education Loans 2020 Term A                  
Debt Instrument [Line Items]                  
Private education loan term accounted for as a secured financing   $ 636,000,000              
Loans sold to third parties   636,000,000              
Unsecured debt issued   $ 634,000,000              
Loans pledged as collateral         605,000,000        
Principal amount of collateral         567,000,000        
Capitalized interest         38,000,000        
Ownership interest percentage on asset-backed financing   100.00%              
Estimated weighted average life of student loans   4 years 2 months 4 days              
Private Education Loans 2020 Term A | London Interbank Offered Rate (LIBOR)                  
Debt Instrument [Line Items]                  
Basis spread on variable rate   0.88%              
Private Education Loans 2020 Term B                  
Debt Instrument [Line Items]                  
Private education loan term accounted for as a secured financing $ 707,000,000                
Loans sold to third parties 707,000,000                
Unsecured debt issued $ 705,000,000                
Loans pledged as collateral         748,000,000        
Principal amount of collateral         701,000,000        
Capitalized interest         47,000,000        
Ownership interest percentage on asset-backed financing 100.00%                
Estimated weighted average life of student loans 4 years 1 month 20 days                
Private Education Loans 2020 Term B | London Interbank Offered Rate (LIBOR)                  
Debt Instrument [Line Items]                  
Basis spread on variable rate 1.30%                
Private Education Loans 2019 Term A                  
Debt Instrument [Line Items]                  
Private education loan term accounted for as a secured financing       $ 453,000,000          
Loans sold to third parties       453,000,000          
Unsecured debt issued       $ 451,000,000          
Loans pledged as collateral         377,000,000        
Principal amount of collateral         355,000,000        
Capitalized interest         22,000,000        
Ownership interest percentage on asset-backed financing       100.00%          
Estimated weighted average life of student loans       4 years 3 months 3 days          
Private Education Loans 2019 Term A | London Interbank Offered Rate (LIBOR)                  
Debt Instrument [Line Items]                  
Basis spread on variable rate       92.00%          
Private Education Loans 2019 Term B                  
Debt Instrument [Line Items]                  
Private education loan term accounted for as a secured financing     $ 657,000,000            
Loans sold to third parties     657,000,000            
Unsecured debt issued     $ 655,000,000            
Loans pledged as collateral         578,000,000        
Principal amount of collateral         542,000,000        
Capitalized interest         $ 36,000,000        
Ownership interest percentage on asset-backed financing     100.00%            
Estimated weighted average life of student loans     4 years 4 months 28 days            
Private Education Loans 2019 Term B | London Interbank Offered Rate (LIBOR)                  
Debt Instrument [Line Items]                  
Basis spread on variable rate     1.01%