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Borrowings - Narrative (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 28, 2024
May 15, 2024
Apr. 11, 2024
Apr. 09, 2024
Mar. 13, 2024
Jun. 30, 2024
Dec. 31, 2023
Jun. 14, 2024
May 07, 2024
Line of Credit Facility [Line Items]                  
Short-term borrowings           $ 0 $ 0    
Estimated weighted average life of student loans           5 years 3 months 18 days 5 years    
Vertical risk retention interest           5.00%      
Uncommitted federal funds           $ 125,000,000      
Lendable value of collateral           1,200,000,000 $ 1,600,000,000    
Secured Borrowings | Line of Credit                  
Line of Credit Facility [Line Items]                  
Secured borrowing facility maximum borrowing capacity               $ 2,000,000,000 $ 2,000,000,000
Line of credit facility, interest holding percentage               100.00% 100.00%
Short-term borrowings           0 $ 0    
2023-C                  
Line of Credit Facility [Line Items]                  
Private education loan term accounted for as a secured financing   $ 668,000,000              
Loans sold to third parties   $ 668,000,000              
Ownership interest percentage on asset-backed financing   100.00%              
Unsecured debt issued   $ 668,000,000              
Estimated weighted average life of student loans   5 years 4 months 9 days              
Basis spread on variable rate   1.19%              
Loans pledged as collateral           727,000,000      
Principal amount of collateral           670,000,000      
Capitalized interest           $ 57,000,000      
2023-A                  
Line of Credit Facility [Line Items]                  
Vertical risk retention interest           5.00%      
2023-A | Private Education Loans                  
Line of Credit Facility [Line Items]                  
Private education loans sold         $ 2,000,000,000        
Additional proceeds from sale         105,000,000        
Gain on sale         $ 7,000,000        
2024-R1                  
Line of Credit Facility [Line Items]                  
Vertical risk retention interest       5.00%          
2024-R1 | Private Education Loans                  
Line of Credit Facility [Line Items]                  
Private education loans sold       $ 69,000,000          
2024-B                  
Line of Credit Facility [Line Items]                  
Vertical risk retention interest           5.00%      
2024-B | Private Education Loans                  
Line of Credit Facility [Line Items]                  
Private education loans sold     $ 191,000,000            
Additional proceeds from sale     10,000,000            
Gain on sale     $ 1,000,000            
2024-D                  
Line of Credit Facility [Line Items]                  
Vertical risk retention interest           5.00%      
2024-D | Private Education Loans                  
Line of Credit Facility [Line Items]                  
Private education loans sold $ 1,500,000,000                
Additional proceeds from sale 79,000,000                
Gain on sale $ 6,000,000