SOFI Stock Falls on New Student Loan Forgiveness Plans

SoFi (NASDAQ:SOFI) stock slipped Thursday after the government announced it would forgive up to $1.2 billion in additional student loans. Indeed, the news snapped SoFi's seven-day winning streak in the stock market as investors considered how the forgiveness policy would affect the lending company. So, what exactly does this mean for SoFi? Well, if its stock price movement is any indicator, it may be a bit troublesome for SoFi's bottom line. SoFi seemingly can't catch a break regarding student loans. The co ...