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Borrowings - Narrative (Details) - USD ($)
9 Months Ended 12 Months Ended
Aug. 14, 2024
Jun. 28, 2024
May 15, 2024
Apr. 11, 2024
Apr. 09, 2024
Mar. 13, 2024
Sep. 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 4 months 24 days 5 years    
Vertical risk retention interest             5.00%      
Uncommitted federal funds             $ 125,000,000      
Lendable value of collateral             2,300,000,000 $ 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    
2024-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             716,000,000      
Principal amount of collateral             656,000,000      
Capitalized interest             60,000,000      
2024-E                    
Line of Credit Facility [Line Items]                    
Private education loan term accounted for as a secured financing $ 868,000,000                  
Loans sold to third parties $ 868,000,000                  
Ownership interest percentage on asset-backed financing 100.00%                  
Unsecured debt issued $ 868,000,000                  
Estimated weighted average life of student loans 5 years 2 months 1 day                  
Basis spread on variable rate 1.42%                  
Loans pledged as collateral             933,000,000      
Principal amount of collateral             855,000,000      
Capitalized interest             $ 78,000,000      
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