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Barchart
Mohit Oberoi

As Student Loan Repayments Resume, is SoFi Stock a Buy Now?

SOFI fintech Joe Biden SPACs PYPL

Fintech company SoFi (SOFI) is drawing increased interest from investors as student loan repayments, which have been on hold since 2020, are now set to resume starting in October. The pause was first initiated in March 2020 by then-President Donald Trump, and has since been extended multiple times - first by him, and then by his successor, President Joe Biden.

SoFi operates a student loan refinancing business, and its fortunes nosedived as the student loan moratorium meant that borrowers no longer had any pressing need to refinance their loans. Incidentally, SoFi sued the Biden administration earlier this year over the repayment pause.

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