1 Big Reason SoFi's Growth Could Surprise Investors

By Matt Frankel – Jul 5, 2023 at 6:17AM

NASDAQ: SOFI

SoFi Technologies

Market Cap

$7B

Today's Change

(2.06%) $0.14

Current Price

$6.92

Price as of May 1, 2024, 4:00 p.m. ET

Student loan refinancing might not have a major impact, but this type of lending could.

Despite the student loan payment pause ending, I don't necessarily think SoFi's (SOFI 2.06%) student loan refinancing business is set to explode. However, there's another side of its student loan business that could be a big winner this school year.

*Stock prices used were the afternoon prices of June 29, 2023. The video was published on June 30, 2023.

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.

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