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For the purposes of this Program, A SoFi Community Member (“Member”) is defined as a funded SoFi refinance student loan borrower, funded SoFi parent PLUS student loan borrower, funded SoFi Medical Resident refinance loan borrower, or funded SoFi Personal Loan borrower, who has begun repayment with SoFi. Individuals who have created a SoFi account but are not borrowers shall be referred to as (“Non-members”). The Program is open to all Members and Non-members who reside outside of Vermont and who are of the legal age of majority in the state in which they reside. SoFi Employees are not eligible to participate in this Program.

SoFi Members shall be eligible for cash and swag bonuses. Non-members shall only be eligible for cash bonuses.

To receive credit for a referral under the Program, eligible referrers must create a Program account, receive their unique referral links, and send the relevant link(s) to the people whom they intend to refer to SoFi for Student Loan Refinancing, Medical Resident Refinancing, Parent PLUS refinancing, or a Personal Loan.

By referring friends via email you agree to allow us to send an email on your behalf giving your friends the opportunity to apply for a student loan refinance or personal loan. Your friends' email addresses will only be used for this offer and will not be used for any other marketing solicitations or sold to third parties. If your friend already has a SoFi account, is on our opt-out list or the national email opt-out list, lives in a state where SoFi is not licensed, has already received a unique URL, or if the email address you provided is incorrect or no longer valid, your friend may not receive the email. Due to the confidential nature, we cannot disclose any information about qualifying accounts opened by the friends you invite. Participation in this Program serves as a one-time waiver of privacy rights by both parties, whereas each may be aware of the presence of an account relationship.

In order for the referring party to receive credit for an email invite the email address provided must belong to an eligible recipient as described above. In order for the referring party to receive credit for an application start, each recipient must use their referrer’s relevant unique link to first register for a SoFi account, and then create their student loan refinancing application, Medical Resident loan application, Parent Plus loan application, or personal loan application. In order for either party to receive credit for cash bonuses, each recipient must use their referrer’s relevant unique link to first register for a SoFi account, and then create their student loan refinancing application, Medical Resident loan application, Parent Plus loan application, or personal loan application, and then proceed all the way through funding in at least one of those loans.

Only one cash bonus and one welcome bonus will be awarded for each referred Member, regardless of whether the Member takes out multiple loans or multiple types of loans. Members and Non-Members are limited to 20 cash referral bonuses in any preceding 12-month period and 60 total lifetime cash referral bonuses. Referrers will NOT receive a cash referral bonus for a new referral if they have received 20 cash referral bonuses in the preceding 12 months or if they have received 60 total lifetime cash referral bonuses. Swag bonuses are available only to Members. Swag and Referral bonuses are considered miscellaneous income, and may be reportable to you and the IRS on Form 1099-MISC (or Form 1042-S, if applicable). A referrer will not earn a referral reward if their referred friend has an existing SoFi account or if their referred friend does not use their unique referral link.

Referrers will not receive credit for referring themselves, including for a refinance of their existing SoFi student loan, or for submitting an application via their own unique referral link. Referrers are limited to referring their own friends, colleagues, family members, and direct acquaintances whom they believe may be eligible for a SoFi student loan refinance, Medical Resident refinance, parent PLUS, or personal loan. Any referred borrower must be able to personally identify their referrer. SoFi reserves the right to disqualify anyone from this Program at any time. Anyone who violates these official rules is ineligible for payment of any bonus.

The Program supports referrals to SoFi student loan refinancing loans, Medical Resident refinancing loans, parent PLUS loans, and personal loans only, and no payments will be made for referrals to other SoFi products.

If you participate in the Program you agree not to solicit applications for any type of SoFi loan. You agree not to compensate, or accept any compensation from, applicants whom you refer to SoFi through the Program. You further agree that your activities will be limited to informing your contacts about SoFi’s student loan refinancing, parent PLUS loans, Medical Resident refinance loans, and/or personal loans so that they may independently decide whether or not to apply for a SoFi loan. You may not collect information from your contacts or assist with filling out a SoFi loan application or discuss specific loan terms with your contacts.

You must comply with all applicable laws and regulations, including anti-spam laws. Any distribution of a Program link, including by email or social media, must be done in a personal manner and must be in a form approved by SoFi in advance. Bulk email distribution and any use of automated devices or third-party services is prohibited. Program links should only be sent to your own friends, colleagues, family members, and direct acquaintances whom you believe to be eligible for a SoFi student loan refinance, Medical Resident refinance, parent PLUS, or personal loan. Participants may not purchase internet search terms or publicly advertise SoFi’s student loan, personal loan products, or name in any fashion. Further, any distribution of a Program link that could constitute unsolicited commercial email or “spam,” any content which impersonates or implies an affiliation with or endorsement by SoFi or any SoFi subsidiary, or any actions which otherwise violate any conditions imposed by SoFi, are prohibited and will be grounds for immediate termination.

Your participation in the Program is solely as an independent contractor. Neither you nor SoFi intend to establish an employment relationship and you are not entitled to any benefits. If the cumulative welcome and bonus rewards paid to an individual in a one calendar year exceed $599 USD, then form W-9 may be required to be completed prior to funds disbursement. Any payments that are not claimed within 180 days of the date the funds have been made available because direct deposit bank account or required tax information have not been provided are subject to forfeit. Any swag bonuses that are not claimed within 180 days of the date that the swag bonus is earned because of an incorrect or missing shipping address are subject to forfeit.

This Program replaces all earlier versions of the SoFi Referral Program. SoFi reserves the right to temporarily or permanently modify or discontinue the Program at any time, for any reason, at our sole discretion, and without notice to you.