Critics Rip 'Financial Vulture' SoFi for Suing to Block Biden's Student Loan Repayment Pause

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Critics Rip 'Financial Vulture' SoFi for Suing to Block Biden's Student Loan Repayment Pause
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Thanks to the moratorium, said one advocate, 'tens of millions of Americans have been able to put food on the table, pay for childcare, stay in their homes, and purchase their lifesaving medicine.'

Student loan borrowers and the Too Much Talent Band thank President Joe Biden and Vice President Kamala Harris for extending the student loan pause while demanding that they cancel student debt at a gathering outside the White House on January 13, 2022, in Washington, D.C.Thanks to the moratorium, said one advocate, "tens of millions of Americans have been able to put food on the table, pay for childcare, stay in their homes, and purchase their lifesaving medicine."Supporters of U.S.

"SoFi has a long history of misleading student debtors and tricking them into refinancing their loans."that "we have supported and continue to support targeted student loan forgiveness, in addition to the student loan payment moratorium during the economic crisis at the height of the Covid-19 pandemic," but that the latest extension is an "illegal overreach.

"SoFi CEO Anthony Noto is a financial vulture gorging himself on our bloated and broken student loan system," SBPC executive director Mike Pierce said in a statement. "Noto's failing company thinks it is entitled to engorge itself by skimming the cream off of the federal student loan portfolio and—after a failed back-room lobbying blitz—is running into court because the government doesn't agree.

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