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Allowance for Loan Losses - Allowance for Credit Losses and Recorded Investments in Loans (Detail)
$ in Millions
3 Months Ended 9 Months Ended
Jan. 01, 2020
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
SecurityLoan
Sep. 30, 2020
USD ($)
SecurityLoan
Sep. 30, 2019
USD ($)
SecurityLoan
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
Allowance for Loan Losses                  
Allowance as of December 31, 2019 (prior to CECL)   $ 1,400.0 $ 1,218.0   $ 1,286.0        
Total provision   14.0 64.0 $ 153.0 208.0        
Charge-offs:                  
Net adjustment resulting from the change in the charge-off rate   (23.0) (21.0) (23.0) (21.0)        
Net charge-offs remaining   (49.0) (96.0) (196.0) (302.0)        
Total charge-offs   (72.0) (117.0) (219.0) (323.0)        
Decrease in expected future recoveries on charged-off loans   46.0   85.0          
Reclassification of interest reserve     2.0   5.0        
Loan sales and other transactions         (9.0)        
Allowance as of January 1, 2020 after CECL   1,388.0 1,166.0 1,388.0 1,166.0        
Plus: expected future recoveries on charged-off loans   503.0   503.0          
Allowance at end of period excluding expected future recoveries on charged-off loans   1,891.0   1,891.0          
Allowance Ending Balance:                  
Ending balance: individually evaluated for impairment - TDR     998.0   998.0        
Collectively evaluated for impairment:                  
Excluding Purchased Non-Credit Impaired Loans acquired at a discount and Purchased Credit Impaired Loans     168.0   168.0        
Allowance as of January 1, 2020 after CECL   1,388.0 1,166.0 1,388.0 1,166.0        
Loans Ending Balance:                  
Ending balance: individually evaluated for impairment - TDR     9,810.0   9,810.0        
Collectively evaluated for impairment:                  
Excluding Purchased Non-Credit Impaired Loans acquired at a discount and Purchased Credit Impaired Loans     74,692.0   74,692.0        
Purchased Non-Credit Impaired Loans acquired at a discount     4,477.0   4,477.0        
Purchased Credit Impaired Loans     208.0   208.0        
Ending total loans     89,187.0   89,187.0        
ASU 2016-13 [Member]                  
Allowance for Loan Losses                  
Allowance as of December 31, 2019 (prior to CECL) $ 1,112.0     1,112.0          
Charge-offs:                  
Allowance as of January 1, 2020 after CECL 1,369.0                
Collectively evaluated for impairment:                  
Allowance as of January 1, 2020 after CECL 1,369.0                
FFELP Loans [Member]                  
Allowance for Loan Losses                  
Allowance as of December 31, 2019 (prior to CECL) 64.0 302.0 67.0 64.0 76.0        
Total provision   4.0 8.0 13.0 23.0        
Charge-offs:                  
Net charge-offs remaining   (9.0) (9.0) (40.0) (33.0)        
Total charge-offs   (9.0) (9.0) (40.0) (33.0)        
Allowance as of January 1, 2020 after CECL   297.0 65.0 297.0 65.0        
Allowance at end of period excluding expected future recoveries on charged-off loans   297.0   297.0          
Collectively evaluated for impairment:                  
Excluding Purchased Non-Credit Impaired Loans acquired at a discount and Purchased Credit Impaired Loans     65.0   65.0        
Allowance as of January 1, 2020 after CECL   297.0 65.0 297.0 65.0        
Collectively evaluated for impairment:                  
Excluding Purchased Non-Credit Impaired Loans acquired at a discount and Purchased Credit Impaired Loans     63,003.0   63,003.0        
Purchased Non-Credit Impaired Loans acquired at a discount     2,585.0   2,585.0        
Ending total loans   $ 59,856.0 $ 65,588.0 $ 59,856.0 $ 65,588.0        
Net charge-offs as a percentage of average loans in repayment, excluding the net adjustment resulting from the change in the charge-off rate   0.07% 0.06% 0.11% 0.08%        
Allowance coverage of charge-offs   8.8 1.9 5.6 1.5        
Allowance as a percentage of the ending total loan balance   0.50% 0.10% 0.50% 0.10%        
Allowance as a percentage of the ending loans in repayment   0.60% 0.12% 0.60% 0.12%        
Average loans in repayment   $ 47,597.0 $ 54,973.0 $ 48,065.0 $ 56,605.0        
Ending loans in repayment   48,716.0 54,395.0 48,716.0 54,395.0        
FFELP Loans [Member] | ASU 2016-13 [Member]                  
Allowance for Loan Losses                  
Allowance as of December 31, 2019 (prior to CECL) 64.0     64.0          
Charge-offs:                  
Allowance as of January 1, 2020 after CECL 324.0                
Collectively evaluated for impairment:                  
Allowance as of January 1, 2020 after CECL 324.0                
Private Education Loans [Member]                  
Allowance for Loan Losses                  
Allowance as of December 31, 2019 (prior to CECL) 1,048.0 1,098.0 1,151.0 1,048.0 1,201.0        
Total provision   10.0 56.0 140.0 185.0        
Charge-offs:                  
Net adjustment resulting from the change in the charge-off rate   (23.0) (21.0) (23.0) (21.0)        
Net charge-offs remaining   (40.0) (87.0) (156.0) (267.0)        
Total charge-offs   (63.0) (108.0) (179.0) (288.0)        
Decrease in expected future recoveries on charged-off loans   46.0 37.0 85.0 71.0        
Reclassification of interest reserve     2.0   5.0        
Loan sales and other transactions         (1.0)        
Allowance as of January 1, 2020 after CECL   1,091.0 1,101.0 1,091.0 1,101.0        
Plus: expected future recoveries on charged-off loans   503.0 603.0 503.0 603.0 $ 549.0 $ 588.0 $ 640.0 $ 674.0
Allowance at end of period excluding expected future recoveries on charged-off loans   1,594.0   1,594.0          
Allowance Ending Balance:                  
Ending balance: individually evaluated for impairment - TDR     998.0   998.0        
Collectively evaluated for impairment:                  
Excluding Purchased Non-Credit Impaired Loans acquired at a discount and Purchased Credit Impaired Loans     103.0   103.0        
Allowance as of January 1, 2020 after CECL   1,091.0 1,101.0 1,091.0 1,101.0        
Loans Ending Balance:                  
Ending balance: individually evaluated for impairment - TDR     9,810.0   9,810.0        
Collectively evaluated for impairment:                  
Excluding Purchased Non-Credit Impaired Loans acquired at a discount and Purchased Credit Impaired Loans     11,683.0   11,683.0        
Purchased Non-Credit Impaired Loans acquired at a discount     1,892.0   1,892.0        
Purchased Credit Impaired Loans     208.0   208.0        
Ending total loans   $ 22,380.0 $ 23,593.0 $ 22,380.0 $ 23,593.0        
Net charge-offs as a percentage of average loans in repayment, excluding the net adjustment resulting from the change in the charge-off rate   0.75% 1.60% 1.00% 1.64%        
Net adjustment resulting from the change in charge-off rate as a percentage of average loans in repayment   0.44% 0.39% 0.15% 0.13%        
Allowance coverage of charge-offs   6.4 2.6 6.7 2.9        
Allowance as a percentage of the ending total loan balance   7.10% 4.67% 7.10% 4.67%        
Allowance as a percentage of the ending loans in repayment   7.60% 5.08% 7.60% 5.08%        
Average loans in repayment   $ 20,884.0 $ 21,549.0 $ 20,739.0 $ 21,819.0        
Ending loans in repayment   $ 21,006.0 21,655.0 21,006.0 21,655.0        
Private Education Loans [Member] | ASU 2016-13 [Member]                  
Allowance for Loan Losses                  
Allowance as of December 31, 2019 (prior to CECL) 1,048.0     $ 1,048.0          
Charge-offs:                  
Allowance as of January 1, 2020 after CECL 1,045.0                
Collectively evaluated for impairment:                  
Allowance as of January 1, 2020 after CECL $ 1,045.0                
Other Loans [Member]                  
Allowance for Loan Losses                  
Allowance as of December 31, 2019 (prior to CECL)         9.0        
Total provision         1.0        
Charge-offs:                  
Net charge-offs remaining         (2.0)        
Total charge-offs         (2.0)        
Loan sales and other transactions         (8.0)        
Collectively evaluated for impairment:                  
Excluding Purchased Non-Credit Impaired Loans acquired at a discount and Purchased Credit Impaired Loans     6.0   6.0        
Ending total loans     6.0   6.0        
Average loans in repayment     5.0   36.0        
Ending loans in repayment     $ 6.0   $ 6.0