
SoFi Technologies Inc (NASDAQ:SOFI) shares are pulling back on Wednesday after surging more than 3% on Tuesday following reports that the Trump administration may sell portions of the federal government’s $1.6 trillion student loan portfolio to private lenders.
What’s To Know: Senior officials at the Treasury and Education Departments have discussed selling parts of the government’s student loan portfolio with finance industry executives and are considering hiring an outside firm or bank to analyze its value, Politico reported this week, citing three unnamed sources familiar with the discussions.