SoFi confirms $500 million in new funding as it pushes beyond lending

Online finance startup SoFiĀ got its start refinancing student loans but gradually has been adding other services to members.To expand into new regions and move closer to becoming a full-service financial services company, SoFihas confirmed that it raised an additional $500 million in equity financing led by Silver Lake. The new funding round, which previously had […]

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Republicans voice opposition to Trump’s budget: ‘Dead on arrival’

The presidents plan to reduce spending ran into some conservative opposition, in addition to criticism from Democrats, for cuts to Medicaid and other programs Donald Trumps proposal to reduce spending by $3.6tn, mostly by slashing antipoverty programs that provide social safety nets for the poor, ran into bipartisan opposition on Capitol Hill, where a number […]

Read More Republicans voice opposition to Trump’s budget: ‘Dead on arrival’

7 Ways Student Loan Company May Have Tricked You Into Paying More Than You Owe

As if the entire system of student loan payments isnt already enough of a headache, the Consumer Financial Protections Bureau and state attorneys general in Illinois and Washington have now filed lawsuits against Navient, the largest servicer of student loans in the US. Despite accusationsof extensive mistakes and violations, Navient has denied all wrongdoing, New […]

Read More 7 Ways Student Loan Company May Have Tricked You Into Paying More Than You Owe

Betsy DeVos Just Made It Easier For Loan Companies To Screw Your Over Again

When it comes to reforming the way you pay back your loans, you can now expect less from the Department of Education. On Tuesday, educationsecretary Betsy DeVos ordered a withdrawal from an Obamaplan that called for the government toincentivize high quality, transparent and consistent servicing for borrowers, and create meaningful consequences for vendors who come […]

Read More Betsy DeVos Just Made It Easier For Loan Companies To Screw Your Over Again