SoFi stock fell as much as 10% on Thursday after the Biden administration extended its freeze of student loan payments to August 31.
The freeze …
SoFi stock fell as much as 10% on Thursday after the Biden administration extended its freeze of student loan payments to August 31. The freeze in student loan payments was set to expire on May 1. The freeze was originally implemented during the height of the COVID-19 pandemic in March of 2020, as a form of relief for consumers who were struggling economically. Due to the extension of the loan payment freeze, SoFi lowered its full-year 2022 adjusted net revenue and adjusted EBITDA guidance to $1.
