SoFi Blog

Jennifer Beall, Founder & CEO of Tot Squad, does not have the average startup story.  As she puts it, “Everyone else wanted to start the next Facebook, while I was working on cleaning baby poop off of car seats.”  But Jennifer, Kellogg MBA ’10 and Duke ’05, and her business are about more than just stroller and car seat cleaning/installation.   She and Tot Squad are on a mission to make moms happier, kids safer and the world a better place.

Last Wednesday, the Consumer Financial Protection Bureau (CFPB) released a report summarizing complaints from 3,800 student loan borrowers. SoFi was not named in these borrower complaints, but as a private lender focused on refinancing existing student loans, we hear a lot about the challenges our customers have faced with their previous lenders.

There are a lot of factors to take into account when choosing a student loan – differing interest rates, private vs. public, the pros and cons of working with various lenders.  Among those choices, we at SoFi have found one of the things that trips up borrowers the most is the choice between fixed rate and variable rate (also known as floating rate) loans.

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.

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.”