Supporting data: Operational expenses increased 30% year over year, which largely offset SoFi's record revenue growth of 40% year over year. Operational expenses increased 30% year over year, which largely offset SoFi's record revenue growth of 40% year over year. SoFi posted a record quarter for revenue growth and loan originations, especially for student loans, but is feeling the growing pains of increased operational expenses, an aggressive product growth strategy and an uncertain interest rate environment. Pandemic-era student loan payment relief measures, such as the SAVE plan, lapsed on July 1 of this year. Since the recent loan repayment overhaul primarily focused on federal student loan programs, however, the company didn't attribute it as a direct factor in its quarterly results.