SoFi Blog

Tips and news—
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An Income Based Panacea? Think Again.

Much has been written about the new income based repayment (IBR) rules the President recently signed into law. Notably, maximum payments on qualifying federal loans are now capped at 10% of disposable income rather than 15% before, and after 20-years, any remaining balances are forgiven, versus 25-years before.

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The SoFi Community Offers a Helping Hand to Victims of Hurricane Sandy

Since Hurricane Sandy first hit the East Coast, our thoughts at SoFi have gone out to all those affected. Much of the devastation is still being realized, and we continue to be saddened by the challenges many face as a result of this terrible storm. Beyond the significant hardship, however, we have been impressed by the resilience of people, the strength of communities, and how both neighbors and strangers can come together in these difficult times.

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VentureBeat Q&A with Mike Cagney

VentureBeat’s Christina Farr recently interviewed Mike in a post titled “SoFi’s CEO: ‘The student loan market is broken. Let’s fix it.'” Mike followed-on with his own post on what SoFi is doing to fix the student loan market. His 3 main points were:

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