SoFi Blog

It’s not every day that you find yourself having dinner with a successful entrepreneur, hedge fund manager and CEO.  But this is exactly what a small group of SoFi borrowers will do this week when they attend our special Supper Club event at the home of Mike Cagney, SoFi Co-Founder and CEO.

The House approved the Senate’s student loan bill yesterday.  This bill included some significant changes to how interest rates are set on loans made after July 1, 2013.  Here is how it impacts you.

Investors are often wrong.  Professional, retail – it doesn’t matter, there is never any shortage of folks on the wrong side of a trade.  No market has confounded the professionals more in the past few years than currencies, and no currency has caused more closure of 2/20 funds than the euro.

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.”