– Student Loan Refinancing From SoFi Worth It?

Try SoFi Promotional Offer

Why SoFi?

  • Variable rates from 4.05-8.05% Fixed from 5.5-9.99% with auto pay
  • No origination fees, or prepayment fees
  • Can lend from $5,000 to $100,000
  • Unemployment benefits

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Students who have used SoFi to refinance a high interest student loan have saved an average of $18,936 based on all SoFi members who refinanced their student loans between 1/1/15 and 12/31/15.   When applying for a loan using the Try SoFi promotional offer they will take into account factors that many other lenders do not account for such as career experience, monthly income vs expenses, financial history, and level of education (i.e. applicants with a master degree are very likely to be approved).

  • Applicants approved for a SoFi loan will receive a nice 0.25% interest rate reduction on the loan if they their payments automatically deduct monthly from their bank account (i.e. US Bank checking account)
  • Please note that SoFi will do a soft credit pull on all applicants but this should not affect a credit score
  • SoFi will honor any existing grace period of the loans in regards to unsubsidized federal loans
  • In order to be approved for the TrySoFi offer the applicant must be 18 years of age and a legal resident of the United States
  • SoFi will also verify that the applicant has responsible financial history and sufficient income (aka a good paying job)
  • The Try SoFi promotional offer is only open to loans that were previously in one person’s name (a married couple are not allowed to refinance and consolidate all of our loans into one)

Taking advantage of the Tri SoFi promotion refinancing offer is the best way for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans to make lower payments and save their hard-earned money.  Please note that the Try SoFi offer requires the student to have a minimum of $5000 of student loans to refinance. Any questions in regards to the Try SoFi promotional offer can be directed to Customer Support at (855) 456-7634 or send a Tweet via Twitter to @SoFiSupport.