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Benzinga

Business

Vandana Singh

How Trump's Student Loan Reform Could Funnel Billions In Loans To SoFi

SOFI SoFi Technologies Inc BofA Sallie Mae

SoFi Technologies Inc.

SoFi Technologies Inc. (NASDAQ:SOFI) has seen its stock soar by approximately 45% in the past month, fueled by potential legislative changes that could significantly reroute student loan demand from federal programs to private lenders.

A proposed bill aiming to limit federal student loans for graduate students, particularly by ending the Graduate PLUS loan program, presents a multi-billion dollar opportunity for fintech companies like SoFi.

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