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Earnings (Loss) per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Numerator:        
Net income (loss) $ (45,152) $ 29,365 $ 496,772 $ 412,948
Preferred stock dividends 4,648 4,642 13,929 12,979
Net income (loss) attributable to SLM Corporation common stock (49,800) 24,723 482,843 399,969
Net income (loss) attributable to SLM Corporation common stock $ (49,800) $ 24,723 $ 482,843 $ 399,969
Denominator:        
Weighted average shares used to compute basic EPS (in shares) 214,873 226,120 218,059 234,170
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) 0 2,680 3,494 2,423
Weighted average shares used to compute diluted EPS (in shares) 214,873 228,800 221,553 236,593
Basic earnings per common share (in dollars per share) $ (0.23) $ 0.11 $ 2.21 $ 1.71
Diluted earnings per common share (in dollars per share) $ (0.23) $ 0.11 $ 2.18 $ 1.69
Antidilutive securities excluded from computation of earnings per share (less than) (in shares) 6,000 1,000 1,000 1,000