SoFi Blog

A rash of coronavirus outbreaks in meat processing plants have caused a meat shortage in the US.

In response to COVID-19, many schools aren’t requiring SAT or ACT scores as an application requirement, but that doesn’t necessarily mean skipping the test altogether.

With companies facing such uncertainty, those looking for work may need to shift their strategies.

The interest rate used in the hypothetical example is not a specific loan offer nor does it mean that you would be approved for a student loan with SoFi. The hypothetical rate is based on the range of average SoFi rates based on the loan term that aligns with the hypothetical example. Your loan rate may not match what is presented in the hypothetical example, and in order to understand your unique loan rate you would need to go through the loan application and underwriting process.

We are recommending that anyone with federal student loan debt carefully review your current and potential future benefits on your federal loans before refinancing. When you refinance your loans, you waive any current and potential future benefits of your federal loans, and replace those with a SoFi Student Loan Refinance.

Ultimately, the decision to refinance a federal student loan right now versus taking advantage of federal benefits is a personal decision. This decision could be influenced by future interest rates, in which we have no way of predicting. For example, refinancing right now might make sense if interest rates for refinancing are higher in the future or might not if they are lower in the future. Please review all options to properly assess whether refinancing is right for you.