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Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Numerator:        
Net income $ 251,993 $ 265,065 $ 541,924 $ 383,583
Preferred stock dividends 4,628 4,274 9,281 8,337
Net income attributable to SLM Corporation common stock 247,365 260,791 532,643 375,246
Net income attributable to SLM Corporation common stock $ 247,365 $ 260,791 $ 532,643 $ 375,246
Denominator:        
Weighted average shares used to compute basic EPS (in shares) 218,924 235,061 219,670 238,261
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) 3,543 2,531 3,486 2,293
Weighted average shares used to compute diluted EPS (in shares) 222,467 237,592 223,156 240,554
Basic earnings per common share (in dollars per share) $ 1.13 $ 1.11 $ 2.42 $ 1.57
Diluted earnings per common share (in dollars per share) $ 1.11 $ 1.10 $ 2.39 $ 1.56
Antidilutive securities excluded from computation of earnings per share (less than) (in shares) 1,000 1,000 1,000 1,000