SoFi Blog

As CEO of a company that’s working to revolutionize the student loan industry, I have to say the past couple of weeks have been interesting to watch.

President Obama’s much-debated plan to increase college affordability has stoked the fires of an already heated national dialogue about the rising cost of higher education. I applaud the President for addressing this issue, and I’m pleased that this event is bringing the conversation to the forefront.  However, I still think there are some fundamental flaws in the plan.

Earlier this year, we launched the SoFi Entrepreneur Program to help our borrowers who have entrepreneurial aspirations refine their startup ideas, connect with mentors and potential investors, and develop the skills critical to getting early-stage funding.

We had a good jobs report on Friday, adding 195K workers in June with unemployment holding at 7.6%.  And we had some good revisions to previous numbers as well, pushing the three month average to nearly 200K a month.  The bond market sold hard on this news, with a quantitative easing (QE) exit all but certain to start in September and tightening being priced in for late 2014.  While I’m not one to catch a falling knife – e.g., stand in the way of the one-way bond market sell-off, I think tightening doesn’t happen until 2017.

By Maury Denton, UVA, Darden MBA 2014 – SoFi Member since 2012

If someone were to ask me why I chose to finance my student loan with SoFi, my answer – in a word – would be “network.”

At last week’s SoFi Supper Club in San Francisco, a small group of SoFi borrowers met with featured guest Andre Haddad, CEO of revolutionary car-sharing business RelayRides. We were so fortunate to have Andre share his insights around what’s driving the success of the sharing economy – and what he thinks is next for this groundbreaking industry.