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SoFi is the brainchild of a few Stanford Business students who initially wanted to tackle the student loan debt issue in this country by making it easier for borrowers to refinance student loans.
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. Student loans: SoFi lawsuit to block ...
Two-thirds of parents who cosigned student loans or took out parent student loans had no regrets about doing so, according to our survey of moms and dads — that’s despite carrying upward of ...
The student loan moratorium has weighed on SoFi stock for nearly two years. Investors are betting that headwind may soon be out of the way thanks to the new debt ceiling deal. Debt deal would lift ...
SoFi began in 2011 as a student-focused lender but has since expanded to offer personal loans and other banking services. LendingClub was founded in 2006 as a peer-to-peer lending platform.
Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government and many lenders. Check with SoFi on what new options ...
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SoFi does student, home, and personal loans, but wants to become more asset-light and sell these loans to third parties. A $2 billion deal with an investment group goes a long way in making this ...