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SoFi Technologies Stock Surges Amid Reports of Trump Administration Selling $1.6 Trillion Student Loan Portfolio to Private Lenders.
ByAinvest
Wednesday, Oct 8, 2025 4:03 pm ET1min read
Shares of SoFi Technologies surged 3% to $27.18 as the Trump administration considers selling $1.6 trillion in federal student loans to private lenders. SoFi CEO Anthony Noto sees an opportunity if the government reduces its role in lending, as the company offers student loan refinancing, investing, and banking services. New federal student loan caps could boost private lenders like SoFi, as students may be unable to cover education costs with federal loans.
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