NNI - What's Going On With SoFi Technologies Stock? | Benzinga
SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading mostly flat Thursday. The stock has climbed more than 20% over the past month on investors' optimism for rate cuts in the near-term.
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There have also been several recent developments regarding student loans. The Biden Administration announced Thursday that it will forgive an additional $1.2 billion in student loans for 35,000 public service workers through its Public Service Loan Forgiveness (PSLF) program.
Read Next: Discover Reports Better-Than-Expected Q2 Results: Here’s The Details
Discover Financial Services (NYSE:DFS) announced Wednesday that it has entered into an agreement to sell its private student loan portfolio to one or more strategic partnerships with Firstmark Services, a division of Nelnet, Inc. (NYSE:NNI) assuming responsibility for servicing the portfolio upon the sale.
The principal balance of Discover's private student loan portfolio was approximately $10.1 billion, and the ...