Bank of America Securities analyst Mihir Bhatia has noted an uptrend in student loan repayments, which could benefit companies like SoFi Technologies Inc. The analyst observed that Department of Education deposits for August were the highest since March 2020. Bhatia suggests that borrowers might be trying to get ahead or are refinancing their student loans. SoFi, which held 40% of the market share in private student loan refinancing pre-pandemic and now boasts a 60% dominance, could see a boost from this trend. SoFi's loan originations for Q3 soared to $1.1 billion, up from $395 million in the previous quarter.