Grace Period Ending? Create a Student Loan Repayment Strategy to Be Thankful For

During this time, many Americans are taking time to reflect on the things they’re grateful for. But for some people, the season of giving thanks actually represents something that they aren’t all that thankful for—student debt. November and December mark the end of many student loan grace periods, which means this is the time of year when recent grads have to start paying back student loans.

If you fall into this category, here’s something you can be thankful for: a smart student loan repayment strategy.

Because make no mistake—paying back student loans does require a strategy, particularly for the average graduate, law or medical school grad shouldering six figures of student loan debt .

You might think it’s as simple as choosing a student loan repayment plan and writing that first check. But variables like your monthly payment amount, the interest rates on your loans, and how long you take to pay everything off can all have a big impact on your bottom line. A smart strategy optimizes these factors for your specific situation, so that you don’t spend a penny more than you have to when paying back student loans.

You can’t do anything about your grace period ending, but you can take steps to help put your repayment strategy on the right track. Here are a few tips on how you might do just that:

Know What you Owe

Chances are you haven’t looked at your loans since you signed on the dotted line, so the first thing you’ll want to do is survey the damage. You can find your federal loans on the National Student Loan Data System (NSLDS). For private loans, try gathering up your statements or checking in with your school’s financial aid administrator. If you’re really at a loss, you can pull your credit report and all of your loans should be listed there.

Once you’ve tracked everything down, make a list of your loans and their important details: the type (e.g., subsidized, unsubsidized, Grad PLUS, private), the amount and the interest rate on each one. This information will be key to determining your strategy.

Read the Fine Print

Now it’s time to familiarize yourself with the features of each loan type. A general rule of thumb is that federal loans tend to offer more hardship-based benefits than private loans—things like forbearance, potential student loan forgiveness, and income-based repayment plans. It’s important to understand whether any of these benefits apply to you before determining your repayment strategy—you’ll learn why in a moment.

Private loans don’t typically offer these same types of programs, but some of them do provide forbearance and other valuable benefits—you’ll simply have to call your lender to find out. For example, SoFi offers unemployment protection for our student loan refinance borrowers, which means that for eligible borrowers who lose their jobs through no fault of their own, we pause their payments for up to 12 months and even help them find a new one.

Do the Math

Remember when we said that various factors (such as interest rate, monthly payment amount and loan term) make a difference in your loan’s bottom line? This is the part where you discover just how much. Federal loans offer different student loan repayment options, potentially allowing some flexibility around monthly payment amount and length of repayment term (e.g., 10 years vs. 20 years).

While it may be tempting to just choose the option with the lowest monthly payments, the long-term repercussions can potentially be costly. (Meaning, lower payments typically mean longer terms, which can increase the total amount you pay overall.) You can use tools like our student loan payoff calculator to discover how long it can take to pay off your loans using different interest rates and monthly payment combinations.

Consider your Options

You may also be wondering whether to consolidate or refinance student loans. Broadly, consolidating means combining two or more loans into one loan, while refinancing student loans entails applying for a new loan at a (hopefully) lower interest rate and a new term, then using that new loan to pay off your old loans.

If you consolidate student loans through the Direct Loan Consolidation program, only federal loans are
eligible, and a primary benefit is that you can reduce the number of different loans you have to pay each month and you may get a lower monthly payment.

Direct Loan Consolidation typically won’t save you money, since the resulting interest rate is a weighted average of the original loans’ rates, rounded up to the nearest one-eighth of one percent.

So you can lower monthly payments by extending the payment term at this new fixed interest rate, but be aware that this usually means you’ll spend more on total interest over time.

You may also be able to consolidate student loans through the refinance process, and some lenders will refinance both private and federal student loans. More importantly, refinancing may potentially save you money.

In order to qualify for a lower rate, you typically need a solid income and positive history of dealing with debt. Before refinancing federal loans, you’ll probably want to determine whether any of the federal benefits mentioned above apply to you—they won’t transfer to a private lender through the refinance process. But if saving money is your top priority, refinancing may be a great option for you.

Clearly, there’s no “one-size-fits-all” approach to determining a student loan repayment strategy. But if you take the time to understand all of your repayment options, you can create a strategy that works best for your situation and potentially saves you money over the long term. And that allows you to focus on being thankful for your education rather than resenting your debt.

If your grace period is ending, consider refinancing your student loans with SoFi. Check your rate in two minutes!

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Notice: SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi always recommends that you consult a qualified financial advisor to discuss what is best for your unique situation.


Read more

The Pros and Cons of Graduated Repayment Plans

Graduation from college or grad school is a time to celebrate the great achievement of years of hard work. But once the party is over and those mortarboards hit the ground, many graduates will be thinking of their next steps: new careers, new cities, and a life filled with new experiences and responsibilities.

For most recent grads, one of those responsibilities is a major one: managing and organizing the repayment of student loans. The average undergrad leaves school with $39,400 in student loan debt, joining the growing population of Americans who, together, are repaying a total of $1.48 trillion in student loans.

Managing the repayment of a federal student loan debt can require strategy, organization, diligence, and a bit of know-how, especially when it comes to picking a repayment plan.

There are several federal repayment options: the standard plan, income-driven plans, and the graduated repayment plan, among others. For a recent grad overwhelmed by new choices and decisions, parsing out the details of these loans can be a chore—one that frequently gets ignored.

The graduated repayment plan is one that’s often not well understood by borrowers and its usefulness has been somewhat replaced by newer repayment options like income-based and income-contingent plans. But, for some borrowers, this plan can be a useful way to begin repayment slowly but still pay it all off in ten years.

In this article, we’ll cover how the graduate repayment plan works and compare the graduated vs. the standard repayment plan. We’ll also cover the pros and cons of this plan so you can decide whether it’s right for your debt payoff strategy. Let’s take a look.

How Do Graduated Repayment and Extended Graduated Repayment Plans Work?

Graduated Repayment Plan

The graduated repayment plan is designed to help keep repayment costs low for recent graduates who may have lower starting salaries but who expect to see their salaries increase substantially over ten years.

Under the graduated repayment plan, the repayment term will be ten years, which is the same length as a standard repayment plan. On a standard repayment plan, you will pay the same fixed amount each month for the length of the term.

On a graduated plan, your payments will be lower than what you would pay if you were to stay on the standard plan, but never too low that you aren’t paying the amount of interest that is accruing each month. Then, every two years, your payment amount will increase.

Extended Graduated Repayment Plan

This plan works a lot like the graduated plan, however the repayment term is over 25 years rather than ten. Typically, borrowers who select this plan will have lower monthly payments than they would under the standard or graduated plans. While their payments will increase over time, they’ll do so more gradually than they would under the extended plan due to the longer term.

With this plan, borrowers may have a much lighter bill to pay each month than they would on many other plans, however, they will end up paying a lot more in interest over time.

Looking for another option besides
the graduated repayment plan?
Learn more about student loan refinancing.

What Are The Benefits Of A Graduated Repayment Plan?

There are a couple of pros to the graduated repayment plan. The main benefit is that your payments will be low for the first few years of repayment. This can be a big help to recent graduates on entry-level salaries who may not have a lot of cash flow and are just learning how to build a solid financial foundation while staying within their budget.

Payments will increase over time, but, your repayment term (for unconsolidated loans) is ten years, which means that if you make scheduled payments, you’ll be finished paying off your debt relatively quickly. For consolidated loans, your repayment period will depend on the amount of debt you have and could be between ten and 30 years.

What Are The Drawbacks Of A Graduated Repayment Plan?

There are a number of drawbacks to the graduated repayment plan, which can make it a less attractive option than some of the other repayment options available. First, even though you’ll be paying off your loans in ten years, you will end up paying more in interest using this plan than the standard plan.

Why? Because with the graduated plan, you’re making lower payments in the first few years. As a result, you’re not paying down as much of the principle as you would be on the standard plan which means you’re paying more in interest over time.

Another potential drawback is that your payments are scheduled to increase every two years. Depending on the amount you owe, these increases can be staggering. For instance, let’s say you’ve just graduated from medical school and are repaying a $100,000 student loan on a graduated repayment plan over ten years.

Your starting payment may be around $600 a month but, for the last years of your loan, you might be paying a whopping $1,900 per month. That’s more than a lot of people pay on their mortgages each month.

While the lower payments up front might fit your budget as you start your career, it’s hard to predict whether your salary will increase at just the same rate as your payments will. However, if you end up having a difficult time making the higher payments that eventually come with a graduated repayment plan, you can switch to an income-based plan or an extended plan.

While this would lower your payments for the time being, doing so will likely lengthen the term of your loan. This means you’ll be paying a lot more in interest over time.

Refinancing Student Debt vs. Graduated Repayment Plans

Once you’ve gotten settled into a steady job and have a good cash flow each month, another option to consider is refinancing your student loans with a commercial lender. When you refinance, you are essentially using one new loan to pay off all your student loans. Then you just have the new loan to repay, which will have a new interest rate and new terms.

There are a number of benefits to refinancing. Depending on your financial profile, you could get a much lower interest rate as well as a lower monthly payment. Doing so could help increase your cash flow in the present while saving you money in interest over time. Additionally, replacing all your loans with one loan will help you streamline your repayment. Some lenders even allow you to refinance private and federal loans together.

Refinancing your loans with a commercial lender at a lower interest rate can potentially save you thousands of dollars in interest of the life of your loan. However, when you refinance, it does mean that you give up some of the benefits that come with keeping your federal loans. This includes the option of putting your loans in deferment or forbearance if you have a financial hardship or return to school full time.

You’ll also lose the option of being able to use an income-driven repayment plan, which can be a useful tool if you were to take a job with a lower salary in the future. The other option you can lose is the ability to have your loans forgiven after a set period of time if you’re on an income-driven plan or are in an eligible public service job.

If you foresee a need to use any of these benefits that come with federal loans, it might be a good idea to keep your federal loans. But, if you have built a strong financial foundation and have a steady income coming in, refinancing could be the best strategy for paying your loans down quickly—and for saving money in the process.

Ready to see whether refinancing is right for you? Check out and get a free rate quote in just minutes.

Notice: SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi always recommends that you consult a qualified financial advisor to discuss what is best for your unique situation.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


Read more

Saving Money as a Family

Perhaps you define your family as you and your partner—or maybe you have a house full of children. No matter how big or small your family is, you have goals to achieve and dreams to accomplish.

Sometimes, you’ll already be able to fund them, but, often, you need to save money to make these dreams comes true, and here you’ll find strategies you can customize for your own family’s wants and needs. When thinking about which strategies are best for saving your family money, always keep your goals in mind.

Ask Yourself These Questions:

1) What are you saving for? Are you saving to create an emergency fund for peace of mind? Will your goals then transition into a savings plan for a fabulous summer vacation?
2) How much do you need to achieve your goals?
3) Where can you cut expenses to free up cash flow and make it easier for your family to save?

Now, look at these tips and customize as needed to help achieve your goals.

Optimize Your Mindset for Saving

If you approach your new saving strategies with excitement, seeing them as an opportunity to accomplish family goals, not only are you probably more likely to be successful, but the process will also be more enjoyable.

With this attitude, strategies that might have seemed too challenging in the past can suddenly be transformed into an adventure. Plus, when the entire family is participating, you naturally create momentum to achieve goals and celebrate progress.

From “Should Have” to “Should” to “Will”

When it comes to money management, virtually everyone has some “should have” items to put on their list:

•   I should have started saving earlier in my life.
•   I should have created a better budget.
•   I should have [Fill in the blank and know you aren’t alone!].

Now, take those thoughts and turn “should have” into the present tense:

•   I should start saving.
•   I should create a better budget.
•   I should [fill in the blank].

Next, make it stronger by changing “should” to “will”:

•   I will start saving.
•   I will create a better budget.
•   I will [fill in the blank].

You’re ready to take positive steps to save. Here are some additional tips to help your family keep the right attitude:

•   Don’t compare your financial situation to anyone else’s. Create a plan that works for your financial situation and goals.
•   Create a savings plan and stick to it.
•   Celebrate successes.

Freeing up Cash Flow to Save

As a starting formula, calculate these three sums:

•   Net monthly income (after taxes)
•   Monthly expenses: housing/utilities, car payments, student loan payments, credit card payments, etc.
•   Subtract the second amount from the first and determine how much money you can save out of what remains.

Now, what expenses can you eliminate to free up even more cash flow? Do you have automatic withdrawals for services that you don’t really use anymore?

One place where families can often cut back is food:

•   Create a monthly budget for food expenses, including grocery shopping and eating out.
•   Determine what role restaurants will play in your family budget. Some families are more than willing to give up eating out as part of their new lifestyle, while others like to keep some dining out dollars in their monthly budget.
•   Many families find it helps to plan meals before they go grocery shopping. If that’s you, create a list to follow at the store. If possible, go without any small children who may have different ideas about what you should buy.
•   Manage leftovers well and make sure you use food before expiration dates.

Check contract payments and see if you can get better prices for your home and car insurance, cell phone bills, cable contracts, and more. Will your current vendors match pricing available from their competitors?

Two more ways to free up cash flow are:

•   Determine what loans are close to being paid off: How much will that payoff boost your ability to save? If it’s by a significant amount, consider focusing your energy on paying off those bills.
•   Consider consolidating high-interest credit cards and loans into a low-interestpersonal loan.

Saving My Family Money: Tips for Parents

Children tend to follow the lead of their parents, so how you present any changes in your daily routines is crucial. For example, if you realize that you’re blowing a whole lot of money on game machines at a local pizza place, get creative!

Start making pizzas at home with your kids—complete with silly faces made out of pepperoni and veggies and followed by family game night. The first time you do this, your children might be frustrated, but your enthusiasm and creativity can turn the tide.

If you realize that you overspend on birthday celebrations for your kids, cut back on gift-giving costs but turn the present-opening experience into a game. What if you hid the presents and gave the birthday boy or girl clues to follow? Play music in the background, making it louder when your child is getting closer and lower it when he or she is going in the wrong direction.

Use visuals to help your children become part of the family savings plan. You can create colorful charts to show your youngsters how much you want to save and your progress. Give each one of them fun piggy banks and invite them to start saving. Once there is enough money in a child’s piggy bank, you might take him or her to the bank to open a savings account, and make it a time of celebration.

And most important, pay attention to how you talk about money and saving around your children. Be positive instead of dwelling on the negative. Don’t apologize for giving fewer or less expensive gifts—make the most of the new traditions.

Saving for the Future

As you build up an emergency savings fund (say, three to six months’ worth of living expenses) and otherwise begin to reach your goals, saving for the future may transform into investing. And, although the terms “savings” and “investing” are sometimes interchangeably used, there are stark differences. For example, when you’re building up your savings, you are likely:

•   Adding money to a cash management account in regular increments
•   Saving with a specific purpose in mind for those funds, whether it’s a rainy-day fund or a down payment on a new house
•   Focusing on shorter-term financial goals over the next two to three years

When you invest, you take on a degree of risk. Investments aren’t FDIC insured (like a bank account), and account balances are subject to market fluctuations.

But often, people invest in light of longer-term goals, whether it’s funding your kid’s college education or planning for retirement. Bonds, and mutual funds, are very common investments, as are ETFs.

At SoFi, we believe that everyone should have the ability to invest in their family’s future, and they should be able to access quality investment management. So, even if you’re new to investing, you can start quickly and easily with an initial deposit of $100.

When you make an investment appointment online, you start by letting us know which of these areas is of interest to you:

•   SoFi Invest® Overview
•   Debt Management Strategies
•   Home Ownership Planning
•   Planning for Children
•   Financial Checkup
•   Financial Independence and Retirement Planning Strategies

To benefit from today’s automated investment technology and the insight of professional human advisors, contact SoFi. Because our advisors don’t receive commissions, they don’t try to sell you anything that isn’t in your best financial interest. Instead, they can help create a plan that’s customized for your unique needs and goals.

SoFi is ready to help you invest as a family. Start today by signing up for an investment account with SoFi.

SoFi can’t guarantee future financial performance.
This information isn’t financial advice. Investment decisions should be based on specific financial needs, goals and risk appetite.
SoFi doesn’t provide tax or legal advice. Individual circumstances are unique. Consult with a qualified tax advisor or attorney.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Advisory services offered through SoFi Wealth, LLC, a registered investment advisor.

Read more

How to Help Pay Off Student Loans Faster Using Momentum

Paying off student loans fast is all about momentum and resourcefulness. Staying up-to-date on your payments—or ideally getting ahead of them a bit—can give you the motivation you need to tackle and clear your student loan debt as quickly as possible.

When it comes to student loan repayment, there are two great ways to build momentum: prepaying (or paying more than the monthly minimum) and reducing interest rates (through student loan refinancing).

Here are five tips to help you build momentum, so you can pay back student loans faster and make your debt a distant memory.

#1 Learning the Benefits of Prepaying

When considering how to pay off loans fast, you may want to think about saving money on student loan interest by prepaying. That means to make payments in addition to your regular monthly payment.

Generally, there is no penalty for making extra student loan payments (check with your lender or loan servicer to verify this), and it can help you spend less on interest over the life of the loan.

If you haven’t started paying off your loans yet, you can use our student loan calculator to estimate your monthly payments. Then, you can determine how much you want to pay on top of that each month, to help pay off your student loans faster.

As a bonus, it’s amazing how motivating it can be to see your outstanding balance shrink more quickly than you planned by making more than your minimum payment each month.

An important note: Some lenders may apply the additional money to next month’s payment instead of deducting it from your student loan balance if you don’t specify where you want to apply your prepayments. If your goal is to save money on interest and be done with your loans sooner, ask your loan servicer if they can apply any extra payments to your loan’s principal instead.

#2 Taking Control of Your Spending

Prepaying sounds great, but where are you going to come up with that extra cash? You can start by taking stock of where your money currently goes.

Many of us have “leaks” in our spending that we barely notice—whether we’re springing for frequent takeout dinners or have auto-payments on magazine subscriptions that we keep meaning to cancel.

Try recording your daily spending in the notes app on your smartphone or using an app like Toshl , which can help give you better insights into where your money is going. Sites like Mint offer tools that can help you create a livable budget with room for the occasional splurge.

#3 Using Unexpected Windfalls to Grow your Proverbial Garden

Instead of treating a windfall like “fun money,” use it to get ahead on your debt. Whether you come into money through inheritance, you get a pay out from a stock you’d forgotten you owned, or your boss hands out a surprise bonus, try to put a portion of your surprise cash straight toward your debt.

And don’t just think small—see if you can apply at least 50% of any financial gifts, dividends, bonuses, and raises toward paying down your loans.

#4 Creating Another Income Stream

If your main job isn’t extremely demanding, you might consider adding a side hustle to help pad your debt payments. Sites such as Upwork can connect you with freelance work. If you don’t have the time or inclination to take on another job, you can consider becoming an Airbnb host .

According to recent analysis from SmartAsset , the average host can expect to cover 81% of their rent by listing one room in a two-bedroom apartment on Airbnb.

They also found that, in many cities, it may be possible to pay the entire rent on a two-bedroom apartment with around 20 days of bookings per month. That translates to sizable savings you can put toward your student loans.

#5 Lowering your Interest Rate

If you are a working graduate paying down high-interest student loans, student loan refinancing could be a powerful way to make a dent, if you qualify. For example, securing a lower interest rate can make a big difference in what you have to pay over time.

Bear in mind that if you have federal student loans such as Direct Loans and Graduate PLUS loans, refinancing them with a private lender like SoFi means you will lose certain benefits that come with them, such as access to the Public Service Loan Forgiveness program and income-based repayment plans.

However, some graduates may find they don’t need these benefits and that the cost-saving benefits—and faster payoffs—that can come with refinancing provide more value.

If you’re ready to make a bigger dent in your student loans, and potentially qualify for a lower interest rate, look into refinancing your loans with SoFi.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third party trademarks referenced herein are property of their respective owners.
Notice: SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi always recommends that you consult a qualified financial advisor to discuss what is best for your unique situation.


Read more

I Due: How To Tackle Student Loan Debt Without Sidelining Your Marriage

Getting married soon? Congratulations! Just be warned—there comes a moment in many weddings when half the guests suddenly slip away to watch a big game (just follow the cheers to find your wedding party).

Football especially is a pretty good analogy for a wedding – after all, in both football and marriage, you’re either tackling things together or you’re being tackled by them. Money is a common example of this (in marriage, not football), as the growing number of couples dealing with student loan debt can attest.

Whether the loans belong to you, your spouse or all of the above, once you get married it doesn’t really matter anymore. Paying off debt is now something you can tackle together. It may be tough, but with open communication and planning you can work as a team to get that student loan linebacker off your, er, back.

So what’s the best strategy for taking down student loans without letting them clobber your marriage? Here are five tips for proactively – and collaboratively – running a play that could help lead to the big pay-off: a debt-free happily ever after.

Tip #1: Create Your Big Financial Picture

Preparing to take on a big financial goal usually requires some conversation and preparation upfront. Before making any decisions, sit down and talk about your short- and long-term financial objectives, and make sure you’re both on the same page (or as close to it as possible). This can be an overwhelming topic, so see if you can break it down into chunks.

Have you established a household budget? How do student loans (and paying them off) fit into your long-term and short-term goals? Should you start aggressively paying off debt, or might it be better for you to ramp up over time? What other factors (e.g., buying a home, changing careers, having children, etc.) could affect your decisions?

Not only can this exercise help give you more clarity to create an action plan, it can also actually be kind of fun – after all, planning a life together is part of the reason you got married in the first place. The key is to listen to each other and remember that you’re both on the same team.

Tip #2: Take Advantage of Technology

Once you’re clear on the big picture, it’s time to get into the weeds. Many people have more than one student loan, often with multiple lenders, so a good place to start can be to gather all of your loan info in one place. You can use an online student loan management tool to collect this information, compare student loan repayment options, and even analyze prepayment strategies.

After crunching the numbers, your debt payoff strategy may include putting extra money toward your loans each month, which means creating and sticking to a budget that supports that goal. Platforms like Mint and Learnvest can help you aggregate household accounts and track spending.

Note: tracking your spending so precisely may feel like ripping off a bandage at first, but over time, this kind of discipline can help you better see where your money goes and help you make conscious choices about your spending. And once you have your budget in place, these apps can be set up to alert you both when spending is getting off track.

Tip #3: Define The Who, What, When

Whether your finances are separate or combined, you’ll probably want to come to an agreement on how to collectively pay all of your financial obligations. Many couples address this based on each person’s share of the total household income.

For example, if one person makes 40% and the other makes 60%, the former might pay 40% of the shared bills and the latter might pay 60%. Others find it simpler and more cohesive to have one household checking account and pay all bills from there.

However you decide to split things up, it could make things much easier to agree upon a plan that accounts for everything, because missed payments can potentially impact your credit (and/or your spouse’s), making your future financial objectives that much tougher to achieve.

Tip #4: Look For Opportunities to Optimize

Okay, so now you’ve established a plan and a budget, and you know who’s on point for each bill. You’re on the path to getting student loan debt off your plate. Is there anything else you can do to speed up the process?

Short of winning the lottery, the most common ways to accelerate student loan payoff are prepayment (meaning, paying more than the minimum) or lowering the interest rate, the latter of which is most commonly accomplished through refinancing.

If you qualify to refinance your student loans, you have a few possibilities: you can lower your monthly payments (by choosing a longer term) or lower your interest rate (which could also lower your monthly payments) – or you could shorten the payment term, and that means you could save money on interest over the life of the loan – money that could come in handy for those other financial goals you’ve both agreed to pursue.

Tip #5: Be on the Same Team

Living with debt is stressful for any couple, but being part of a relationship has its advantages, too. There’s a reason that weight loss experts often recommend finding a “buddy” to help cheer you on and keep you honest in your diet and exercise journey – and the same applies for achieving a big goal like paying off student loan debt.

Keep it positive and keep the lines of communication open, and you may even find that the journey to being debt-free makes your marriage even stronger – so you can take the hits that come your way as easily as your favorite team does.

Check out SoFi to see how you can save money by refinancing your student loans.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Notice: SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi always recommends that you consult a qualified financial advisor to discuss what is best for your unique situation.


Read more
TLS 1.2 Encrypted
Equal Housing Lender