On Friday, March 3rd 2023, private student loan company SoFi filed a lawsuit against the U.S. Department of Education, hoping to overturn the most recent payment pause extension.

SoFi, a private student loan company known for its partnership with the LA Rams stadium, has seen a drastic 90% drop in revenue due to the COVID pause, and they’ve decided to take action against it now. What does this mean for you? Check out this episode as I discuss this controversial topic and what you can do now to prepare for the upcoming weeks.

In today’s episode, you'll find out:

A disclosure statement about SoFi and MOHELA
Why SoFi is suing now over the Heroes Act
SoFi’s recent quarterly results
A possible reason for the actions of the Heroes Act legal team
How this lawsuit will affect you
Will this affect the new student loan repayment plan
SoFi’s motivation and one way the Biden administration could respond
Why we need the IDR Waiver FAQ now
How to prepare for the next six weeks

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Sofi Sues To End The Student Loan Pause