TITLE

Student Lender SoFi Sets Sights on Elite Schools

AUTHOR(S)
Wack, Kevin
PUB. DATE
February 2013
SOURCE
American Banker;2/20/2013, Vol. 178 Issue 27, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information about Social Finance (SoFi) Inc., a nonbank lending company located in San Francisco, California that offers a favorable rate to college students who have high earnings potential and are most likely to repay their loans. SoFi's chief executive officer Mike Cagney notes the company offers loans at 78 colleges in the U.S. The article mentions the peer-to-peer component in SoFi's business model.
ACCESSION #
85687052

 

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