The CARES act has suspended student loans at a 0% interest rate and disallows any collections on defaulted student loans. A portion of SoFi’s lending business is student loans. This has drastically suppressed revenue in this business for SoFi which is a large percentage of their total revenue. Once this expires SoFi will get a massive jump in revenue from this part of their business finally coming back.$SoFi Technologies Inc.(SOFI)$
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