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Will Student Loan Refinancing Be a Game-Changer for SoFi?

The student loan repayment pause is ending, and investors in the fintech disruptor have high hopes.

By Matt Frankel, CFP – Jun 26, 2023 at 6:11AM EST

The pause on federal student loan payments and interest that has been in effect since early 2020 is set to end later this year. SoFi (SOFI +5.04%) has performed very well since this was announced, as investors have high hopes for the company's student loan refinancing business. But will it be the game-changer investors seem to expect?

*Stock prices used were the afternoon prices of June 22, 2023. The video was published on June 23, 2023.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Matthew Frankel, CFP® has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

SoFi Technologies Stock Quote
SoFi Technologies
NASDAQ: SOFI
$17.91
(+5.04%)+$0.86

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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