SoFi is committed to fighting racism, standing in solidarity with all of our communities, providing space for open dialogue,
as well as taking action as informed allies. We are donating $1 million to organizations that empower people of color and their allies.
Earlier this year, we launched the SoFi Entrepreneur Program to connect borrowers who have entrepreneurial aspirations with SoFi investors interested in furthering their potential. Current SoFi borrowers interested in refining a start up idea and developing skills critical to getting early-stage funding were invited to apply for the 4 month-long program. The pilot class was selected from a competitive pool of applicants and has since participated in a combination of hands-on workshops to improve their pitch decks, meetings with SoFi Executives who are influencers in the startup community and conversations with sophisticated venture capital and angel investors.
Here, SoFi Entrepreneur Benny Joseph shares his experience and explains how the program is setting him up for startup success:Read more
SoFi continues to make waves in the media this week on public radio and in print. We were thrilled to see top business radio program Marketplace bring much needed attention to important education issues. In this recent story, Amy Scott reports on the challenge of refinancing Federal student loans. While one youth advocacy group is encouraging the government to take action on this issue, SoFi already helps graduates refinance their private and Federal educational debt!Read more
Last week, SoFi co-founder Dan Macklin was invited by Chicago Booth to participate on a social enterprise panel in San Francisco. Local alumni from the University, prospective business school students, and other members of the community were in attendance to hear the panel’s take on the future of social entrepreneurship.Read more
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.Read more