SoFi stock pops as debt-ceiling deal could reignite student-loan refinancing business

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Shares of SoFi Technologies Inc. were rising 8% in Tuesday’s session, with the debt-ceiling deal struck by President Joe Biden and House Republicans expected...

Shares of SoFi Technologies Inc.

were rising 8% in Tuesday’s session, with the debt-ceiling deal struck by President Joe Biden and House Republicans expected to help the company’s student-lending business, which has slumped amid the moratorium on student-loan payments. While the moratorium had already been expected to end after August, the proposed debt-ceiling arrangement removes the chance for it to be extended further.

were rising 8% in Tuesday’s session, with the debt-ceiling deal struck by President Joe Biden and House Republicans expected to help the company’s student-lending business, which has slumped amid the moratorium on student-loan payments. While the moratorium had already been expected to end after August, the proposed debt-ceiling arrangement removes the chance for it to be extended further.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines