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Allowance for Loan Losses - Allowance for Credit Losses and Recorded Investments in Loans (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Allowance for Loan Losses        
Beginning balance $ 857 $ 1,166 $ 1,022 $ 1,271
Provision:        
Total provision 72 28 68 62
Charge-offs:        
Gross charge-offs (101) 130 (298) 310
Expected future recoveries on current period gross charge-offs 12 19 36 43
Total (89) (111) (262) (267)
Adjustment resulting from the change in charge-off rate (25) 30 (25) 30
Net charge-offs (114) (141) (287) (297)
Decrease in expected future recoveries on previously fully charged-off loans 30 32 42 49
Allowance at end of period 845 1,085 845 1,085
FFELP Loans [Member]        
Allowance for Loan Losses        
Beginning balance 200 245 222 262
Provision:        
Total provision 36 0 51 0
Charge-offs:        
Gross charge-offs (16) 12 (53) 29
Expected future recoveries on current period gross charge-offs 0 0 0 0
Total (16) (12) (53) (29)
Adjustment resulting from the change in charge-off rate 0 0 0
Net charge-offs (16) (12) (53) (29)
Decrease in expected future recoveries on previously fully charged-off loans 0 0 0 0
Allowance at end of period $ 220 $ 233 $ 220 $ 233
Net charge-offs as a percentage of average loans in repayment, excluding the net adjustment resulting from the change in charge-off rate (annualized) 0.19% 0.12% 0.21% 0.09%
Net adjustment resulting from the change in charge-off rate as a percentage of average loans in repayment (annualized) 0.00% 0.00% 0.00% 0.00%
Net charge-offs as a percentage of average loans in repayment (annualized) 0.19% 0.12% 0.21% 0.09%
Ending total loans $ 39,801 $ 47,124 $ 39,801 $ 47,124
Average loans in repayment 32,696 39,573 33,591 41,793
Ending loans in repayment 31,917 37,731 31,917 37,731
Private Education Loans [Member]        
Allowance for Loan Losses        
Beginning balance 657 921 800 1,009
Provision:        
Total provision 36 28 17 62
Charge-offs:        
Gross charge-offs (85) 118 (245) 281
Expected future recoveries on current period gross charge-offs 12 19 36 43
Total (73) (99) (209) (238)
Adjustment resulting from the change in charge-off rate (25) 30 (25) 30
Net charge-offs (98) (129) (234) (268)
Decrease in expected future recoveries on previously fully charged-off loans 30 32 42 49
Allowance at end of period $ 625 $ 852 $ 625 $ 852
Net charge-offs as a percentage of average loans in repayment, excluding the net adjustment resulting from the change in charge-off rate (annualized) 1.66% 2.01% 0.00% 1.59%
Net adjustment resulting from the change in charge-off rate as a percentage of average loans in repayment (annualized) 0.56% 0.60% 0.18% 0.20%
Net charge-offs as a percentage of average loans in repayment (annualized) 2.22% 2.61% 1.74% 1.79%
Ending total loans $ 17,958 $ 20,003 $ 17,958 $ 20,003
Average loans in repayment 17,470 19,628 18,000 20,056
Ending loans in repayment $ 17,249 $ 19,284 $ 17,249 $ 19,284