SoFi Technologies, Inc. (SOFI) is a financial services company that operates through three segments: Lending, Technology Platform, and Financial Services. It runs Galileo, a technology platform that offers services to financial and non-financial institutions, and Apex, a technology-enabled platform that provides investment custody and clearing brokerage services.
Last month, President Biden announced a student loan forgiveness program for low- to middle-income borrowers hit by the pandemic-induced economic crisis. The program intends to cancel up to $20,000 in student loan debt for qualifying borrowers.
