Represents the First Time Benefits Extend to a Partner’s Employees and Customers
NEW YORK, NY – January 29, 2018 – SoFi today announced that WeWork is joining its SoFi at Work program, bringing its over 3,000 employees and over 175,000 members industry-leading tools to take control of their student debt.
This is the first SoFi At Work partnership to extend beyond a company’s employees to include its customer base. WeWork employees and members will have access to SoFi’s full product line, a suite of resources and tools including SoFi’s Student Debt Navigator, and an exclusive rate discount of 0.125% on student loans refinanced with SoFi. WeWork’s employees, members, and their family and friends are eligible for the 0.125% rate discount when they refinance through sofi.com/wework.
“WeWork’s partnership with SoFi demonstrates our commitment to making learning and education a lifelong process,” said Steve Sanderson, WeWork’s Head of Strategic Planning. “Student loan debt is one of the biggest inhibitors for students wanting to learn more and entrepreneurs looking to accelerate their careers. Making these loans more manageable is one of the best ways to help our employees and members reach their goals.”
SoFi at Work was designed to address the most pressing financial need of a new generation of employees: student debt. According to a survey conducted by SoFi, 84% of young professionals under 30 want financial wellness resources from their employers, while 95% of professionals under 30 with student debt would be more willing to accept a job if it offered student loan repayment. Additionally, 70% of student debt holders hold back from saving for retirement due to student loans.
“WeWork’s employees and members are some of the most entrepreneurially minded people in America, and the last thing that should be holding them back is student debt,” said Wayne Thorsen, Senior Vice President, Marketing and Strategic Partnerships at SoFi. “We’re excited to partner with a forward-thinking company like WeWork to provide a meaningful way to help both their members and employees reach their goals faster.”
WeWork employees and members who refinance with SoFi will also have access to all SoFi member benefits, including complimentary career assistance, exclusive events, and more. More than 700 employers and associations are currently part of SoFi at Work, making it the largest program of its kind in the United States.
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.
WeWork provides more than 175,000 members around the world with space, community, and services through both physical and virtual offerings. WeWork’s mission is to help create a world where people work to make a life, not just a living. Founded in New York City in 2010 by Adam Neumann and Miguel McKelvey, WeWork currently has more than 200 physical locations in over 65 cities and 20 countries around the world. Follow us @WeWork on Twitter, Instagram, and Facebook or visit wework.com to learn more.
Senior Manager, Product Communications
Director, Corporate Communications