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In the first quarter of 2023, SoFi's student loan volume decreased by more than 50% from pre-pandemic levels, according to a company release. The student loan unit, which represented nearly 30% of ...
As of September 2013, SoFi had funded $200 million in loans to 2500 borrowers at the company's 100 eligible schools. [28] In November 2013, SoFi announced a deal with Barclays and Morgan Stanley to create a bond backed by peer-to-peer student loans, which would create the first securitization of these loans to receive a credit rating. [29]
The lawsuit argues that the moratorium, which has led to millions of dollars in lost profits for the company’s core refinancing business, has no legal basis.
SoFi reported a student loan-driven windfall in its third quarter results while also raising its full-year guidance on revenue and predicting a quarterly profit before the end of the year. Its ...
SoFi started strictly as a student loan refinance company but received approval from federal regulators in early 2022 to become a national bank. The online bank offers loans as low as $5,000 with ...
In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...
In another setback for the administration's student loan relief program, and just a week after the Supreme Court heard oral arguments in the case, SoFi Bank filed a federal lawsuit to end the ...
President Joe Biden extended the suspension of federal student loan payments on April 6 for the sixth time in two years. If you own shares of SoFi Technologies (NASDAQ:SOFI), you probably were ...
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