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.