SoFi Blog

Holiday downtime is a great opportunity to start planning your career strategy for the new year.  In a recent guest post I wrote for The Daily Muse, I shared one of my favorite tips for people who want to be on an executive career path: build a “career advisory board.”  To learn more about it and how to create your own board, read on . . .

Private lender SoFi closes its first securitization of post-graduate student loans, the first of its kind from a P2P lender.

San Francisco, CA – SoFi (Social Finance, LLC), the private lender, announced today it has closed its inaugural securitization of post-graduate student loans. The transaction marks the first time a P2P lender has completed a public securitization.

Approximately $152MM of Senior Notes, rated Single-A by DBRS, were sold to top-tier institutional investors.

“This is a pivotal milestone for our company and the industry more broadly.” said SoFi Chief Financial Officer Nino Fanlo. “Successfully accessing the capital markets is a critical step in ensuring our borrowers and investors get the best deal available.”

Morgan Stanley & Co. LLC, an affiliate of Morgan Stanley (NYSE: MS), served as underwriter, and SoFi Securities assisted in placing the transaction.

About SoFi 
SoFi is the market leader in refinancing student loans and has funded $275 Million in loans to students and graduates from over 100 top universities. The company connects alumni borrowers with investors to reduce the cost of their student loans. Benefits like events, career advice, and professional mentorship deliver value beyond a traditional bank. To learn more about SoFi visit: www.sofi.com.

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This holiday season, the ultimate gift on many recent grads’ wish lists is lower student loan debt.  Since more students are graduating with more debt than ever before, it’s not surprising that many are asking for cold hard cash versus the more tangible gifts of years past.