XML 111 R89.htm IDEA: XBRL DOCUMENT v3.25.0.1
Borrowings - Long Term Borrowings Narrative (Details) - USD ($)
12 Months Ended
Nov. 01, 2021
Dec. 31, 2024
Dec. 31, 2023
Feb. 18, 2025
Jan. 31, 2025
Nov. 30, 2024
Aug. 31, 2024
May 31, 2024
Aug. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Oct. 29, 2020
Debt Instrument [Line Items]                        
Notes Issued   $ 2,216,000,000 $ 1,147,000,000                  
Loan Principal   2,150,266,000 1,001,058,000                  
Capitalized Interest   $ 177,337,000 $ 68,143,000                  
Estimated weighted average life of student loans   5 years 7 months 6 days 5 years                  
Senior Unsecured Notes Due October 29, 2025 | Unsecured Debt                        
Debt Instrument [Line Items]                        
Notes Issued   $ 499,000,000                   $ 500,000,000
Interest rate                       4.20%
Senior Unsecured Notes Due October 29, 2025 | Unsecured Debt | Subsequent Event                        
Debt Instrument [Line Items]                        
Interest rate       4.20%                
Senior Unsecured Notes Due November 2, 2026 | Unsecured Debt                        
Debt Instrument [Line Items]                        
Notes Issued $ 500,000,000 496,000,000                    
Interest rate 3.125%                      
Issuance price 99.43%                      
2024-C ABS Transaction                        
Debt Instrument [Line Items]                        
Notes Issued               $ 668,000,000        
Loan Principal   646,550,000                    
Capitalized Interest   52,968,000                    
2024-E ABS Transaction                        
Debt Instrument [Line Items]                        
Notes Issued             $ 868,000,000          
Loan Principal   841,355,000                    
Capitalized Interest   69,238,000                    
2024-F ABS Transaction                        
Debt Instrument [Line Items]                        
Notes Issued           $ 680,000,000            
Loan Principal   662,361,000                    
Capitalized Interest   55,131,000                    
2023-A ABS Transaction                        
Debt Instrument [Line Items]                        
Notes Issued                   $ 579,000,000    
Loan Principal     $ 484,551,000                  
Capitalized Interest     32,856,000                  
2023-C ABS Transaction                        
Debt Instrument [Line Items]                        
Notes Issued                 $ 568,000,000      
Loan Principal     516,507,000                  
Capitalized Interest     $ 35,287,000                  
ABS Transactions                        
Debt Instrument [Line Items]                        
Private education loan term accounted for as a secured financing                     $ 10,380,000,000  
Private Education Loans                        
Debt Instrument [Line Items]                        
Private education loan term accounted for as a secured financing   3,740,000,000                    
Loan Principal   3,630,000,000                    
Capitalized Interest   $ 107,000,000                    
Senior Unsecured Notes Due February XX 2028 Member | Unsecured Debt | Subsequent Event                        
Debt Instrument [Line Items]                        
Notes Issued         $ 500,000,000              
Interest rate         6.50%