PRESS RELEASE: So-Fi Peer-to-Peer Lender Surpasses Half a Billion Dollars in Student Loans Funded
Friday, May 2, 2014
In the past year, SoFi’s footprint grew substantially: the number of schools represented by SoFi borrowers has grown nearly 800% to more than 550 universities, and the number of borrowers refinancing their Federal and private student loans has quadrupled.
“We’re making a significant impact on the student debt burden,” said Mike Cagney, CEO of SoFi. “By connecting alumni and institutional capital directly with highly qualified borrowers, we’re delivering meaningful savings to borrowers and attractive returns to investors.”