SoFi Blog

Tips and news—
for your financial moves.

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When to Plan Your Next Trip, According to Science

There are plenty of reasons to wait until the last minute to plan a vacation. You might want to save up a little more cash, wait for a great price on airfare, or see how crazy work is before booking. And spontaneous vacations can certainly feel more exciting than ones you’ve planned months in advance. One minute, you’re anticipating an uneventful weekend at home, the next, you’re throwing a swimsuit in a bag and jetting off to the beach.

But here’s a good reason you might want to rethink your planning strategy: research reveals travel’s biggest impact on your mood doesn’t kick in during the trip.

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Student Loan Refinance – Turbo ($200 Welcome Bonus)

Refinance Student Loans

Save thousands on your student loans.

Find My Rate

Checking your rate will not affect your credit score.

Welcome Turbo Users

Apply through this page to receive
your $200 bonus when you refinance.

SoFi is a leading student loan refinancing provider.

$50 billion+
in refinanced student loans
582,000+
members who’ve refinanced
98%
would recommend SoFi to a friend4.

Pick the loan that works for you.

Save on your student loans by choosing between a range of rates and terms. No prepayment penalties and no hidden fees. Ever.

Fixed Rate

Rates available from 4.24% APR to 9.99% APR when you enroll in AutoPay.1

Variable Rate

Rates start from 5.99% APR to 9.99% APR when you enroll in AutoPay.1

Investing in people who
invest in themselves.

How it works:

The student loan refinancing process is fast, easy, and can be done entirely online.

Term

Interest
Rate

Lifetime
Savings

5-year

3.25%

$13,033

7-year

3.925%

$14,467

10-year

4.375%

$15,724

Assumes 96K loan balance and all other assumptions used for new savings calc.

Get pre-approved online in just two minutes.

We’ll let you know if you’re qualified before you finish the full application.

Select your rate and term.

Choose between saving on your monthly payment or saving on total student loan interest.

Verify your info and sign.

Upload screenshots of your information, then sign your paperwork electronically.

Switch to one low monthly payment.

We pay off your servicer(s) and issue you one new student loan.

Find my rate

It takes only two minutes and
won’t affect your credit score.

Common questions

Q: Who should refinance?

+

Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans. Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing. Or, call us for a free consultation about your particular situation.

Q: Can I refinance both federal and private student loans?

+

Yes, SoFi will consolidate all qualified education loans.

Q: Am I a good candidate to refinance my student loans with SoFi?

+

SoFi aims to revolutionize financial services- ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who have graduated from a selection of Title IV accredited university or graduate programs, are employed, has a sufficient income from other sources, or hold a job offer with a start date within 90 days, have a responsible financial history, and a strong monthly cash flow.

Q: What is the difference between consolidating and refinancing?

+

Q: What is a direct consolidation loan?

+

A Direct Consolidation Loan is a government program that allows you to combine multiple federal education loans into a single loan. The resulting interest rate is a weighted average of your prior loan rates. Refer to https://www.sofi.com/consolidate-student-loans-vs-refinance/ for more information.

Q: What’s the difference between fixed and variable rate loans?

+

See FAQs

SoFi in the news

CNN Money

“This lender offers free drinks, yoga, and matchmaking with its loans.”

Read More

NYT

“SoFi [also] provides career counseling, wine tastings and home-buying workshops.”

Read More

Get started
in minutes.

Speed matters. Which is why you can check loan rates or start investing online—in just minutes.

Find my rate

Read more

Refinance Student Loan – DM Primary Landing Page

Refi your student loans with SoFi and you could lower your rate.

You could put the cash you save towards other goals when you refinance.

Confirmation # required

View your rate

Checking your rate will not affect your credit score✝︎.


Why refinance student loans?

Refinancing could help you pay off your student loan debt sooner or
bring down your monthly payment amount – all on your terms.

Lower your interest rate with no fees required.

A competitive fixed or variable student loan refinance rate could help you save thousands.

Pay off your loan sooner.

A shorter term can help you pay off your loan sooner. Plus, you could receive a
special rate discount with autopay.¹

Simplify your finances.

Consolidate all your student loan debt into one easy payment.

Free up more cash.

You could lower your monthly payments and put more money toward other goals,
like buying a home and saving for retirement.

Read more

Student Loan Refinance – Turbo

Refinance Student Loans

Save thousands on your student loans.

Find My Rate

Checking your rate will not affect your credit score.

Welcome Turbo Users

SoFi is a leading student loan refinancing provider.

$50 billion+
in refinanced student loans
582,000+
members who’ve refinanced
98%
would recommend SoFi to a friend4.

Pick the loan that works for you.

Save on your student loans by choosing between a range of rates and terms. No prepayment penalties and no hidden fees. Ever.

Fixed Rate

Rates available from 4.24% APR to 9.99% when you enroll in AutoPay.1

Variable Rate

Rates start from 5.99% APR to 9.99% when you enroll in AutoPay.1

Investing in people who
invest in themselves.

How it works:

The student loan refinancing process is fast, easy, and can be done entirely online.

New Term

APR

Illustrative
Lifetime Savings

5-year

4.03%

$13,680

7-year

4.57%

$16,963

10-year

4.98%

$15,511

View Payment Examples
SoFi offers a range of terms and rates—so yours are going to look different from this illustrative chart, which is just something designed to show you what the SoFi app looks like.

Get pre-approved online in just two minutes.

We’ll let you know if you’re qualified before you finish the full application.

Select your rate and term.

Choose between saving on your monthly payment or saving on total student loan interest.

Verify your info and sign.

Upload screenshots of your information, then sign your paperwork electronically.

Switch to one low-rate monthly payment.

We pay off your servicer(s) and issue you one new student loan.

Find my rate

It takes only two minutes and
won’t affect your credit score.

Common questions

Q: Who should refinance?

+

Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans. Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing. Or, call us for a free consultation about your particular situation.

Q: Can I refinance both federal and private student loans?

+

Yes, SoFi will consolidate all qualified education loans.

Q: Am I a good candidate to refinance my student loans with SoFi?

+

SoFi aims to revolutionize financial services- ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who have graduated from a selection of Title IV accredited university or graduate programs, are employed, has a sufficient income from other sources, or hold a job offer with a start date within 90 days, have a responsible financial history, and a strong monthly cash flow.

Q: What is the difference between consolidating and refinancing?

+

Q: What is a direct consolidation loan?

+

A Direct Consolidation Loan is a government program that allows you to combine multiple federal education loans into a single loan. The resulting interest rate is a weighted average of your prior loan rates. Refer to https://www.sofi.com/consolidate-student-loans-vs-refinance/ for more information.

Q: What’s the difference between fixed and variable rate loans?

+

See FAQs

SoFi in the news

CNN Money

“This lender offers free drinks, yoga, and matchmaking with its loans.”

Read More

NYT

“SoFi [also] provides career counseling, wine tastings and home-buying workshops.”

Read More

Get started
in minutes.

Speed matters. Which is why you can check loan rates or start investing online—in just minutes.

Find my rate

Read more

SoFi Turns Losers Into Winners (and Investors) with the So Money Sweepstakes

Up to 200 HQ Trivia Losers Each Day from February 12-16 Will Win $25 in a SoFi Invest Account and “So Money” Card Game

San Francisco, CALIF. – February 12, 2018 – SoFi announced today that those who lose at HQ Trivia, the popular app and live trivia game show where people can win cash prizes, now have an opportunity to win with SoFi.

From February 12th through 16th, SoFi will award $25 in a SoFi Invest account to 200 losers of HQ Trivia each day. To enter for a chance to win, all people need to do is Tweet to @SoFi on Twitter with a screenshot of their HQ loss screen and the hashtag #SoMoneyEntry. In addition to the $25, winners will also receive SoFi’s new card game, “So Money,” featuring playful questions that aim to encourage people to talk more openly about their financial lives.

SoFi’s first-ever card game, ‘So Money’, encourages open conversation about finances

“We can’t all be trivia masters, but we all have the ability to start investing for the future and to talk about money with our friends,” said SoFi CMO Joanne Bradford, whose best score is 6 out of 12 questions. “We hope this shows people just how easy it is to get started, and that it’s not scary to have these conversations.”

SoFi Invest is a modern investment management platform that allows U.S. customers to invest as little as $500 in automated portfolios made up of low-cost exchange-traded-funds. There are no fees for the first $10,000 invested and the rate is just 0.25% per year after that. Customers have access to live advisors who can recommend a mix of funds based on each individual’s’ age, income, assets and needs. The company waives all SoFi fees for borrowers.

No purchase necessary to enter or win. Entrants must be legal residents of the 50 US (+DC) age 18 or older who have a public Twitter profile. View sweepstakes rules, including how to enter and prize details in SoFi’s blog post here.

This promotion is in no way sponsored, endorsed or administered by, or associated with, HQ Trivia and Twitter.

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.
 
Contact:
SoFi PR
[email protected]

Advisory services are offered through SoFi Wealth, LLC. Investments are not FDIC Insured, have no guarantee and may lose value. SoFi Lending Corp. or an affiliate is licensed by the Department of Financial Protection and Innovation under the California Financing Law, license number 6054612. NMLS # 1121636.

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