If you’re looking into refinancing your student loans, SoFi may be able to significantly reduce the cost of that debt. SoFi is the leading provider of student loan refinancing and has funded $5B+ to over 60,000 borrowers nationwide – saving their average borrower around $14k.* Their competitive rates and member benefits are what have made SoFi the go-to student loan refinancing company for thousands.
When it comes to refinancing student loans, SoFi offers the ability to refinance and consolidate both federal and private student loans into either a fixed or variable rate loan. SoFi offers fixed rates starting at 3.50% APR (with autopay) and 1.90% APR (with autopay)* with no application fees, origination fees or pre-payment penalties. The online application allows applicants to receive an instantaneous pre-approval in under 10 minutes and populates the rates that applicants are qualified for on each loan term offered - 5, 7, 10, 15 and 20 year terms.
To add to SoFi’s competitive rates, flexible loan terms and an easy application, SoFi provides member benefits that differentiate it from other lenders. All SoFi borrowers receive access to Unemployment Protection, Career Services, SoFi’s Entrepreneur Program and member events hosted across the country. Not only is SoFi looking to provide a better solution to student loan debt repayment, SoFi strives to create a community that helps its members succeed in various areas of their professional careers.
Take a second look at your loans
Is refinancing right for you? For some borrowers, it’s a no-brainer. For others, it might be an option later on. The bottom line is that you can benefit from giving your loans a second glance every so often, because the rate you were given when you took out the loan isn’t necessarily the rate you’re stuck with for life.
For further information, please contact Sofi at www.sofi.com/Moneyanswers.