Sofi Sues To End The Student Loan Pause
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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\\u2019ve 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\\u2019s episode, you\'ll find out:
- A disclosure statement about SoFi and MOHELA
- Why SoFi is suing now over the Heroes Act
- SoFi\\u2019s recent quarterly results
- A possible reason for the actions of the Heroes Act legal team\\xa0
- How this lawsuit will affect you
- Will this affect the new student loan repayment plan\\xa0
- SoFi\\u2019s 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
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- Follow on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts\\xa0
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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 help@studentloanplanner.com and we might feature it in an upcoming show!
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