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Selected Quarterly Financial Information (unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]                      
Net interest income $ 367,350 $ 357,518 $ 338,784 $ 331,114 $ 366,537 $ 364,567 $ 348,775 $ 400,116 $ 1,394,766 $ 1,479,993 $ 1,623,315
Less: provisions for credit losses (15,309) 138,442 69,677 (225,767) (316,372) (3,640) 351,887 61,258 (32,957) 93,133 354,249
Net interest income after provisions for credit losses 382,659 219,076 269,107 556,881 682,909 368,207 (3,112) 338,858 1,427,723 1,386,860 1,269,066
Gains on sales of loans, net 145,535 (10) 3,679 399,111 (247) (4) (369) 238,935 548,315 238,315 0
Gains (losses) on derivative and hedging activities, net (17) 44 89 28 136 (15) 3,751 45,672 144 49,544 17,825
Other income 7,243 13,879 48,580 14,288 1,043 9,646 25,412 7,487 83,990 43,590 31,102
Total operating expenses 125,495 140,649 128,010 124,499 121,743 127,490 141,557 147,298 518,653 538,088 574,253
Restructuring expenses 0 108 70 1,077 2,088 24,127 0 0 1,255 26,215 0
Income tax expense (benefit) 103,660 19,392 53,174 203,525 127,310 55,189 (30,664) 121,481 379,751 273,316 165,464
Net income 306,265 72,840 140,201 641,207 432,700 171,028 (85,211) 362,173 1,160,513 880,690 578,276
Preferred stock dividends 1,177 1,166 1,192 1,201 1,734 2,058 2,478 3,464 4,736 9,734 16,837
Net income (loss) attributable to SLM Corporation common stock 305,088 71,674 139,009 640,006 430,966 168,970 (87,689) 358,709 1,155,777 870,956 561,439
Net income attributable to SLM Corporation common stock $ 305,088 $ 71,674 $ 139,009 $ 640,006 $ 430,966 $ 168,970 $ (87,689) $ 358,709 $ 1,155,777 $ 870,956 $ 561,439
Basic earnings per common share (in usd per share) $ 1.06 $ 0.24 $ 0.45 $ 1.77 $ 1.15 $ 0.45 $ (0.23) $ 0.88 $ 3.67 $ 2.27 $ 1.31
Diluted earnings per common share (in usd per share) 1.04 0.24 0.44 1.75 1.13 0.45 (0.23) 0.87 3.61 2.25 1.30
Declared dividends per common share (in usd per share) $ 0.11 $ 0.03 $ 0.03 $ 0.03 $ 0.03 $ 0 $ 0.06 $ 0.03 $ 0.20 $ 0.12 $ 0.12