Trump’s Tax Bill Set to Help SoFi, Other Private Student Lenders

President Donald Trump’s signature tax legislation is poised to benefit companies offering private student loans, including SoFi Technologies Inc., with the bill limiting how much students and their parents can borrow for college from the government.

Federal student loans have long been preferred because of their consistency in terms and conditions, which are established by the US government. But college students without deep pockets, especially those in graduate programs, may have to turn to private lenders if the proposed legislation becomes law. SoFi is one of the best-known purveyors of student loans and could see a jump in demand, Wall Street analysts said.