> [Citation needed] Pretty much all private student loan borrowers pick off the "good bets". Because the government rate is the floor. This was Sofi business

> [Citation needed] Pretty much all private student loan borrowers pick off the "good bets". Because the government rate is the floor. This was Sofi business model. I remember looking at their securitizations and most were graduate school loans for top schools( Wharton, Harvard, Columbia, etc). It wouldn't be rare for an entire securitization of thousands of loans to have no loans even 30 days delinquent. And they paid back quickly too. > Investors received a financial return and borrowers received rates lower than the federal government offered. The company sought to minimize defaults by focusing on low-risk students and graduates https://en.wikipedia.org/wiki/SoFi https://en.wikipedia.org/wiki/SoFi