After borrowing his way through business school at the University of Chicago, Benny Joseph emerged with an MBA, the spark of an entrepreneurial idea, and $115,000 in debt. Even with interest rates at all-time lows, he couldn’t find traditional lenders willing to refinance his student loans. Instead he tapped a network of deep-pocketed alumni. They offered him a lower interest rate along with access to a community of savvy business advisers.

SoFi, or Social Finance Inc., is one of the newest...

Want more? Sorry, the full text of this article is only available to subscribers. Subscribe now.

Already a subscriber? Please log in by entering your email address and password into the red login box at the top-right corner of this page.

Need to register for your premium online access, which is included with your paid subscription? Register here.

Tracker Pixel for Entry