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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 ...
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 ...
SoFi also offers private student loans for undergrads, graduate students and parents. You can get pre-qualified for a loan rate by creating a SoFi account online or through the app, then choose a ...
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