SoFi’s SEC Filing Says Its Private Student Loans Can Be Discharged in Bankruptcy

SoFi Technologies told federal securities regulators that its private student loans can be wiped out in bankruptcy under certain conditions, a quiet admission that cuts against one of the most repeated lines in personal finance.

The disclosure sits in SoFi's annual report (a Form 10-K filed with the SEC) for the fiscal year ending December 31, 2025. In the Risk Factors section, the company warns investors that its "private education loans may be discharged in bankruptcy in certain situations," including when a court finds the debt is not a qualified education loan or that repayment would cause undue hardship. SoFi adds that a private loan can also be discharged if the borrower dies or becomes disabled.