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Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Numerator:        
Net income $ 75,172 $ 72,840 $ 546,057 $ 854,248
Preferred stock dividends 2,531 1,166 5,563 3,559
Net income attributable to SLM Corporation common stock 72,641 71,674 540,494 850,689
Net income attributable to SLM Corporation common stock $ 72,641 $ 71,674 $ 540,494 $ 850,689
Denominator:        
Weighted average shares used to compute basic EPS (in shares) 251,266 299,890 263,098 324,148
Effect of dilutive securities:        
Dilutive effect of stock options, restricted stock, restricted stock units, performance stock units and Employee Stock Purchase Plan (“ESPP”) (in shares) 2,450 4,621 2,967 4,916
Weighted average shares used to compute diluted EPS (in shares) 253,716 304,511 266,065 329,064
Basic earnings per common share (in dollars per share) $ 0.29 $ 0.24 $ 2.05 $ 2.62
Diluted earnings per common share (in dollars per share) $ 0.29 $ 0.24 $ 2.03 $ 2.59
Antidilutive securities excluded from computation of earnings per share (in shares) 1,000 1,000 1,000 1,000