On Friday, March 3rd 2023, private student loan company SoFi filed a lawsuit against the U.S. Department of Education, hoping to overturn the most recent payment pause extension.
SoFi, a private student loan company known for its partnership with the LA Rams stadium, has seen a drastic 90% drop in revenue due to the COVID pause, and they’ve decided to take action against it now. What does this mean for you? Check out this episode as I discuss this controversial topic and what you can do now to prepare for the upcoming weeks.
In today’s episode, you'll find out:
- A disclosure statement about SoFi and MOHELA
- Why SoFi is suing now over the Heroes Act
- SoFi’s recent quarterly results
- A possible reason for the actions of the Heroes Act legal team
- How this lawsuit will affect you
- Will this affect the new student loan repayment plan
- SoFi’s motivation and one way the Biden administration could respond
- Why we need the IDR Waiver FAQ now
- How to prepare for the next six weeks
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
- Follow on Facebook, Twitter, or LinkedIn
Feeling helpless when it comes to your student loans?
- Try our free student loan calculator
- Check out our refinancing bonuses we negotiated
- Book your custom student loan plan
Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!
D'autres épisodes de "Student Loan Planner"
Ne ratez aucun épisode de “Student Loan Planner” et abonnez-vous gratuitement à ce podcast dans l'application GetPodcast.