Since Hurricane Sandy first hit the East Coast, our thoughts at SoFi have gone out to all those affected. Much of the devastation is still being realized, and we continue to be saddened by the challenges many face as a result of this terrible storm. Beyond the significant hardship, however, we have been impressed by the resilience of people, the strength of communities, and how both neighbors and strangers can come together in these difficult times.
Community is very important to SoFi. In fact, our mission is built upon it: to transform student loans and the financial services landscape through community-based products. So, it is only natural that our community of alumni-investors is stepping up to offer relief to those who were impacted. We want to ensure our borrowers are safe and have ample time to recover without being burdened by loan payments.
For those who have been impacted by Hurricane Sandy, SoFi will waive late fees while students and recent grads get back on their feet. Affected borrowers in New York and New Jersey should wait until essential services are restored and then contact us at (866) 357 6342 to request this waiver.