CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 4,700,366	$ 4,149,838
Investments:
Trading investments at fair value (cost of $41,715 and $43,412, respectively)	53,262	54,481
Available-for-sale investments	1,933,226	2,411,622
Other investments	112,377	91,567
Total investments	2,098,865	2,557,670
Loans held for investment (net of allowance for losses of $1,435,920 and $1,339,772, respectively)	20,902,158	20,306,357
Restricted cash	173,894	149,669
Other interest-earning assets	4,880	9,229
Accrued interest receivable	1,546,590	1,379,904
Premises and equipment, net	119,354	129,501
Goodwill and acquired intangible assets, net	63,532	68,711
Income taxes receivable, net	425,625	366,247
Other assets	36,846	52,342
Total assets	30,072,110	29,169,468
Liabilities
Deposits	21,068,568	21,653,188
Long-term borrowings	6,440,345	5,227,512
Other liabilities	403,277	407,971
Total liabilities	27,912,190	27,288,671
Commitments and contingencies
Equity
Series B: 2.5 million and 2.5 million shares issued, respectively, at stated value of $100 per share	251,070	251,070
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 440.6 million and 438.2 million shares issued, respectively	88,121	87,647
Additional paid-in capital	1,193,753	1,148,689
Accumulated other comprehensive loss (net of tax benefit of $(21,209) and $(24,176), respectively)	(65,861)	(75,104)
Retained earnings	4,114,446	3,624,859
Total SLM Corporation stockholders’ equity before treasury stock	5,581,529	5,037,161
Less: Common stock held in treasury at cost: 230.2 million and 217.9 million shares, respectively	(3,421,609)	(3,156,364)
Total equity	2,159,920	1,880,797
Total liabilities and equity	$ 30,072,110	$ 29,169,468