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Student Loan Planner

Mar 14, 2023

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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