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SoFi Blog

Tips and news—
for your financial moves.

May
23
2024

Banking Short Online

By | 1_Web_Banking | Comments Off on Banking Short Online

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ONLINE BANK ACCOUNT

Easy online banking with up to 3.60% APY and no account fees.1


Open an account

Open your online account today—earn up to $300†
Get paid up to 2 days early*, pay no account fees or overdraft fees^. FDIC insured.**


Open an account


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No account fees3^

Earn up to 3.60% APY1

Up to 2-day-early-paycheck*

No-fee Overdraft Coverage.4

Do it all in one app.

Up to $3M of additional FDIC insurance through a network of participating banks**


Open an account

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Experience highly competitive savings rates.

You’ll earn more interest in seven weeks with SoFi than you would with a big bank with direct deposit. Period.


Open an account

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Get up to 3.60% APY today1—
tomorrow will thank you.


Open an account

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May
22
2024

SoFi Good Grades Bonus

By | Uncategorized | Comments Off on SoFi Good Grades Bonus



SoFi Rewards for Good Grades

Got the grades?
Now get paid.


View your rate

Calling all smarty-pants! Got a 3.0 GPA or higher?
Click the button below to get up to $250 for your
good grades from the private student loan that thinks
hard work deserves cold hard cash.


Redeem now


If you have an eligible loan, you will see the Good Grades Redemption Form.
Confirm your 3.0 or above GPA, and we’ll deposit the cash bonus into
your account within 7 days. Single-semester loans get $100. And full-year loans get $250.
Checking won’t affect your credit score.✝︎

How does the SoFi Good Grades program work?

SoFi Private Student Loans could now celebrate your 3.0 or higher GPA with a cash bonus to your SoFi Checking and Savings account up to $250.1 Here’s what you need to know:

  • Get those grades.

    Provide your grades from college or graduate school after the end of the academic term. Claim your bonus with a 3.0 GPA or higher.

  • Get paid.

    You could get $250 for a full-year loan. Or get $100 for a single-semester loan.

  • Get it again.

    The SoFi Good Grades program lets students get one bonus each year.


    • View your rate


    Checking won’t affect your credit score.✝︎

One more reason to love your loan.

Good grades rewards are just the start of a great SoFi Private Student Loan.

Flexible term and rate options

Easily find the loan that fits you.

Absolutely no fees

No fees for you. Not even if you ask nicely.

Complete cost coverage

Cover 100% of school-certified costs.

Easy online cosigner applications

Cosigner application approvals are 6x higher.2


View your rate




Checking won’t affect your credit score.†

FAQs


Who can get a bonus for good grades with the SoFi Good Grades program?
Students with SoFi Private Student Loans can get a bonus for good grades when their college or graduate school GPA for the term or terms covered by their loan is at least 3.0 or equivalent. For students in medical school, this includes receiving a Pass grade on a Pass/Fail scale. The bonus will be delivered to the student’s SoFi Checking and Savings account, and students must claim their bonus within 6 months after the academic term covered by the loan has ended. Students can get a bonus for good grades once each academic year.


How much does the SoFi Good Grades program provide as a bonus for good grades?

The SoFi Good Grades program gives eligible students with single-semester loans $100 as a cash bonus and gives eligible students with full-year loans $250 as a cash bonus for good grades.



What grade-point average do I need to get a bonus for good grades?

The SoFi Good Grades program offers a cash bonus for good grades when your GPA is at least 3.0 or equivalent during the academic term or terms covered by the loan.


How do I submit my GPA for my Good Grades cash bonus?

Head here and log in to your SoFi account. If you have an
eligible loan, you will see the Good Grades Redemption Form. Confirm
your 3.0 or above GPA, and we’ll deposit the cash bonus into your
account within 7 days. Single-semester loans get $100. And full-year
loans get $250.

If you do NOT have a checking or savings account with SoFi, it’s easy to
create one. Go here to get started.



How will I receive my bonus for good grades?

You’ll receive a cash bonus for good grades as a deposit in your SoFi Checking and Savings account.



If I used the Discover® Good Grades program on a Discover Student Loan, can I use the SoFi Good Grades program?

Yes. Discover Student Loan customers who received rewards for good grades from the Discover Good Grades program can also use the SoFi Good Grades program. Unlike the Discover Good Grades program, the SoFi Good Grades program offers a flat cash reward, so your rewards for good grades will not be based on a percentage of your private student loan. Keep in mind that the Discover Good Grades program may be limited by Discover ending their Discover Student Loan business and no longer providing private student loans.


Get the bonus your good grades deserve.

Sure, good grades are their own reward. But we’re betting up to $250 as a cash bonus sounds even better than sticking a report card to the fridge.


View your rate



Checking won’t affect your credit score.†

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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

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