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SoFi and JetBlue Help Customers Managing Student Loans Earn Reward Travel

[Updated as of 9/27/18Removed outdated savings calculation information.]

JetBlue’s TrueBlue members earn 1 TrueBlue ® point for every $2 they refinance through SoFi

New York, NY and San Francisco, Calif. – May 30, 2017 – Today, SoFi and JetBlue (NASDAQ:JBLU) announced a partnership that lets those with student loans simultaneously lower their payments while earning valuable airline loyalty points, the first partnership between a direct lender for student loans and an airline.

Through the partnership, JetBlue’s TrueBlue members who refinance their student loans with SoFi will now earn 1 TrueBlue® point for every $2 they refinance through the lender, up to 50,000 points. Refinancing student loans with SoFi frees up extra money that members can use to pursue travel plans, save and invest for the future, or buy a home.

Younger Americans, especially the Millennial generation, are eager to travel but record student debt levels are holding them back:

  • The average Class of 2016 graduate is carrying $37,172 in student loan debt
  • When asked which investment, purchase or life event has been delayed due to student debt repayment, 53% of Millennials said travel, more than buying a home (45%) or saving for retirement (38%)
  • Of Millennials who do not have enough money to travel as much as they’d like, nearly 90% say that if they suddenly had more money to spend, they would travel more.

“We hear every day from SoFi members that refinancing their student loans helps them get more out of life,” said Catesby Perrin, VP of Business Development at SoFi. “We’re thrilled to work with JetBlue to open up a world of travel opportunities while helping people pay off their student loans faster at the same time.”

TrueBlue members are able to refinance their loans with SoFi and earn points today by visiting https://www.sofi.com/jetblue/.

“Our new partnership with SoFi truly rewards loyalty, allowing TrueBlue members to earn points while lowering their student loan debt,” said Scott Resnick, director loyalty marketing, JetBlue. “SoFi has created an innovative model that helps those with debt refinance while earning points for future travel.”

Additional information about TrueBlue and how to register can be found here: https://trueblue.jetblue.com.

*Terms and Conditions: Offer eligible for new student loan refinance customers only and may not be combined with any other offers or discounts, apart from the AutoPay discount. Offer is subject to lender approval. To receive this offer, you must: (1) have and provide your TrueBlue® member account; (2) complete a loan application with SoFi for a student loan refinance product; (3) register and/or apply through the landing page sofi.com/jetblue; (4) and meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, you will receive your TrueBlue points within 90 days. SoFi reserves the right to change or terminate the offer at any time with or without notice. Additional restrictions or conditions may apply. TrueBlue is a registered trademark of True Blue, Inc.

Loans are originated by SoFi Lending Corp. or an affiliate and may not be available in all states; see sofi.com/legal. California Finance Lender License # 6054612

About SoFi

Social Finance, LLC (“SoFi”) is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.

About JetBlue

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 40 million customers a year to 101 cities in the U.S., Caribbean, and Latin America with an average of 1000 daily flights. For more information please visit jetblue.com.

For press inquiries:

SoFi

Laurel Toney

[email protected]

415.735.4044

JetBlue Corporate Communications

Tel: +1.718.709.3089

[email protected]

 

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Personal Loan – Registered


Low fixed rates. Personal loans made easy.

Compared with high-interest debt, a SoFi Personal Loan is simply better.
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View your rate




BTW it’s a soft inquiry, so it won’t affect your credit score.

Best Personal Loan of 2024

SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan Overall. Come see why.

  • Easy Experience

    View your rate in 60 seconds—without affecting your credit score. Apply online from start to finish and get access to live, U.S.-based customer support, seven days a week.

  • Low Fixed Rates

    Compared to high-interest credit cards, a SoFi Personal Loan is a better way to pay and save. Borrow $5K-$100K and consolidate your debt into one manageable monthly payment.

  • Same-Day Funding*

    Whether you’re consolidating high rate credit card debt, covering a major expense or renovating your home, you’ll be able to get your funds as quickly as the same day your loan is approved.


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Without impacting your credit score


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Personal Loan – Curbed

Invest in a
major purchase

without the hassle.

Fixed rates range from 7.74% APR to 35.49% APR,

when you enroll in AutoPay5.

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Checking your rate will not affect your credit score.

MAKE THE UPGRADES YOU’VE ALWAYS WANTED

With low rates and a fixed monthly payment, you can pay off high interest debt, like credit cards, or make a major purchase. Whether remodeling the kitchen, replacing the roof, or landscaping the backyard, SoFi can help you pay for improvements to make your home sweet home. It only takes minutes to apply.

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Borrow from $5k-$100k at fixed rates that start at 7.74% APR (with AutoPay)5.

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No origination fees in most states or pre-payment penalties. What you see is what you get.

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Get a 0.125% rate discount✝✝ on an additional SoFi loan—just for being a member.

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Simple online application and access to live customer support 7 days a week.

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If you lose your job, we’ll temporarily pause your payments and help you find a new job.4

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Borrowers raised their credit scores by 31 points on average when paying off credit card debt.**

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Personal Loan Comparison6

Many people think of home equity when it comes to borrowing larger amounts, but home equity loans typically have a lengthy approval process and potentially lots of fees, including getting your home appraised. The ease of obtaining a personal loan makes it an appealing alternative to a home equity loan. Plus there’s no collateral, so you don’t have to put your home on the line when you borrow. And with SoFi you can borrow up to $100K, unlike some other online lenders that max out at $35K.

SoFi Personal Loan Home Equity Loan Credit Cards
Pros

• Easy online application process

• Instant pre-approval online

• No origination fees in most states or pre-payment penalties

• Borrow up to $100K

• Low rates

• Interest may be tax deductible

• May be able to borrow more, up to 80% of home equity

• Low rates

• Easy to make purchases

• May have 0% introductory balance transfer

Cons

• No tax benefits

• May have higher interest rates

• Often have application, appraisal, and title fees

• Lengthy application process

• Can only borrow against the equity in your home

• High interest rates

• Balance transfer fees

• No set payoff, so easy to fall into debt trap

Questions? Call us for a free consultation at 855-456-7634

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SoFi Wealth Brings the Best of High-Tech and Human Guidance to Online Investing

Wealth management service gives people exceptional access to low-cost, professional advice and planning

San Francisco, Calif. – May 16, 2017 – Today, SoFi announced the general availability of SoFi Invest, the first low-cost online invest platform to combine an easy-to-use online and mobile interface with unlimited access to live, licensed financial advisors, giving people the guidance they need to understand, define, and then work toward achieving their investing goals.

Features of SoFi Invest include:

  • Smart Portfolios: SoFi Invest helps people invest easily and intelligently by automatically building and rebalancing low cost, tax-efficient portfolios to generate long-term returns, while minimizing risk for individual and retirement accounts such as traditional deductible IRA accounts, Simplified Employee Pensions, and Roth IRAs.
  • Live Advice: SoFi is the only wealth management offering at this low price point to offer unlimited access to non-commissioned, licensed financial advisors, who are available via phone or chat.
  • Low Fees: Management fees are waived completely for SoFi loan borrowers over the life of their loan. For everyone else, management fees are just 0.25%, and are waived for the first $10,000 invested.
  • Low Minimums: A $500 initial investment or recurring monthly deposit of $100 gets investors started in SoFi’s goal-oriented portfolios of low-cost exchange-traded funds (ETFs).
  • Member Benefits: SoFi Invest comes with access to SoFi’s suite of member benefits, like community events, career coaching, and discounts on other SoFi products.

SoFi Invest users can access their accounts via the web, as well as the SoFi Invest app, available now for both Android and iOS.

“People love the low fees and automation of robo-advisors, but they struggle with not having an actual human being to talk to when facing big financial questions. We’ve built something that perfectly balances those interests,” said John Gardner, general manager of SoFi Invest. “For those who haven’t started investing, like younger professionals who make up a large part of the SoFi member base, that guidance from a live advisor can help give them the confidence they need to start planning for a lifetime of financial success.”

According to a recent Bankrate survey, less than a third of millennials invest in the stock market, and the most common reason cited by that group was not knowing enough about the market.

A conversation with a financial advisor can be prohibitively expensive for investors just getting started, and the tools that are intended to cater to this group – robo-advisors – aren’t delivering on the advice side. In fact, only 5% of U.S. investors surveyed by Gallup feel that robo-advisors make people feel confident about their investments, and only 15% of investors think robo-advisors are meeting their needs by taking their entire financial picture into account.

To complement the guidance provided by SoFi Invest Advisors, SoFi is also developing comprehensive financial planning offerings focused on its members most important needs outside of investing: first-time home buying, young family financial planning, and joint financial planning for couples. SoFi will begin delivering these highly-personalized, needs-specific plans this summer.

About SoFi

SoFi is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.

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