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So Money with Farnoosh Torabi

261: Dan Macklin, Co-Founder of SoFi

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 5 October 2015

⏱️ 32 minutes

🧾️ Download transcript

Summary

I’m dedicating this show to all my student loan borrowers out there. I know you listen to this show. I know you’re dedicated to getting ahead financially. I also know that this is an extremely challenging issue. Overcoming student loan debt. In this country …we have more than $1.2 trillion in outstanding student loan debt, 40 million borrowers, an average balance of $29,000. To help us out with some solutions…I’ve invited the co-founder and vice president at SoFi. This company is making a big name for itself as the alternative student loan refinancing engine. A second largest marketplace lender with over $3 billion in loans issued across student loan refinancing, mortgages, personal loans and MBA loans. You may recognize his name because he's also a thought leader whose perspectives on Millennial and Gen X personal finance topics have been featured in a variety of media outlets among them are ABC, FOX, CNBC, Fast Company and event Italian Vogue! Prior to co-founding SoFi, Dan spent twelve years leading Enterprise Sales and Product Development at at Standard Chartered Bank across London, Singapore and Shanghai. Dan was born and raised in the UK, so he holds a Bachelor of Arts in Business Economics from the University of Durham in England. He also holds a graduate degree in Management from Stanford Graduate School of Business where he was a Sloan Fellow and co-founded SoFi. For more information visit www.somoneypodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money episode 261, Dan Macklin.

0:03.6

You're listening to So Money

0:06.4

with award-winning Money Guru Farno Shkorabi.

0:09.2

Each day get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnus yourself.

0:18.0

Looking for ways to save on gas or double your double coupons?

0:22.0

Sorry, you're in the wrong place. on gas or double your double coupons?

0:22.5

Sorry, you're in the wrong place.

0:24.6

Seeking profound ways to live a richer, happier life.

0:28.0

Welcome to So Money.

0:32.1

Happy Monday, everyone. Welcome back to So Money. I'm your host

0:35.6

Farnish Tarabi. A special episode today. I'm dedicating the entire show to

0:40.8

all my student loan borrowers out there. I know you listen to this

0:44.2

program. I know you're dedicated to getting ahead financially and I also know that

0:48.6

this is an extremely challenging issue, you know overcoming student loan debt in this country is

0:55.9

quite the task. We have more than 1.2 trillion dollars in outstanding student loan debt

1:01.2

40 million borrowers and an average balance of about $29,000.

1:06.1

But of course you know someone or you are the someone who has six figures in student loan

1:12.1

debt. What do you do? How do you come up with

1:15.0

solutions to pay this off even while having a job and even while being

1:18.8

gainfully employed? This is really a big part of our budget. So I've invited to the co-founder and vice president

1:26.3

at Sophie Dan Macklin.

1:29.0

SoFi is making a big name for itself as the alternative student loan refinancing marketplace.

...

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