SoFi Student Loan Referral: Earn a $300 Referral Bonus
SoFi Student Loan Referral Program
To get the $300 SoFi Student Loan referral bonus, sign up with a SoFi referral link.
Are you trying to get on top of your finances? Re-financing your student loan might be the key to kickstarting your journey to financial freedom. SoFi is one of the leading providers of student loans, as well as offering student loan refinancing. Use a SoFi Student Loan Referral Link to earn a $300 referral bonus.
Going to college is expensive. It’s not just tuition fees you have to consider, but every aspect of being a college student – from your books to food and transport. SoFi’s private student loans are designed to cover it all.
This award-winning loan provider offers an extensive myriad of loans to suit students at every stage of their education. You can take advantage of no fees and flexible repayment options.
We’re exploring everything you need to know about SoFi’s student loan program, including its re-financing offer, to help you make educated financial decisions.
What is SoFi?
SoFi is a next-generation financial institution on a mission to help its customers reach financial independence. Its financial products are designed to help your money work for you. SoFi was founded in 2011 by Stanford business school students as an alumni-funded lending model.
Its first product was ‘Student Loan Refinancing’, making them the first company to offer refinancing of federal and private student loans. By 2015, the company was the first US-based fintech company to receive $1 billion in funding. It took until 2019 for SoFi to move beyond student loans and refinancing with its ‘SoFi Money’ and ‘SoFi Invest’ products.
SoFi celebrated its 1,00,000th member in January 2020. It now has over 4 million members with more than $50 billion in funded loans and over $22 billion in debt paid off by its members.
While SoFi is famous for its investing accounts and other products, its DNA is still firmly within the student loan industry.
SoFi’s Student Loan Program
Getting a student loan isn’t easy. It’s often a reason why some students choose to skip college or consider it to not be an option for them. Whether you’re applying for college or need a little help paying for your tuition bill, SoFi is here to help.
SoFi offers private student loans that are available at a low rate with no fee. These loans are designed to cover all school-certified costs, from your tuition to books and transport. It was rated the best loan company for private student loans by U.S. News in 2022 and the best private lender in the Bankrate Awards.
These private student loans have low fixed or variable rates, helping you choose a package that works for your current and future financial circumstances. You can even check what student loan rates you can pre-qualify for if you have a co-signer before submitting a full application to SoFi. This process won’t affect your credit score and will help you make a more informed decision.
SoFi offers a range of student loan programs to cater to the needs of specific students. You’re eligible for a SoFi student loan if you’re studying at least a BA/BS degree or higher.
1. Undergraduate Loans
The most popular SoFi student program is its undergraduate loans. You’ll get access to rates and terms within minutes, helping you fund your degree stress-free.
2. Graduate Loans
By the time you reach graduate school, you’re probably starting to stress about your student loans. The SoFi graduate loans come with low rates and are designed to help you pay them back on your own terms.
3. Law & MBA Loans
One of SoFi’s specialist student loan offers caters specifically to business and legal students. You can pay your way through business or law school with a premium, low-rate student loan from SoFi.
4. Parent Loans
It’s not unusual for parents to want to help their children pay for their tuition fees. SoFi’s parent loans allow your parents (or spouse!) to help you pay your way through college with a flexible, low-rate student loan designed for third parties. You can even take advantage of flexible repayment plans for qualified parents,
5. Health Professions loans
Health professionals spend longer in education than almost any other sector. SoFi’s health professions loans are designed to help you through graduate school and beyond to get your qualification.
Most SoFi student loan applicants will get a decision within 3 minutes. The whole process is online, making it quicker than traditional financial institutions. It typically takes at least 4-6 weeks for the money to go from SoFi to your school to cover certified costs.
What You Should Know about SoFi’s Student Loans
Stay on top of your student loans and spend more time focusing on experiencing college life. SoFi is designed to help lower your student debt with monthly student loan repayments.
You can apply for your SoFi private student loan online within minutes, including with your co-signer. You can choose your preferred way of paying back your loan with monthly student loan payments and rates designed to fit every budget.
SoFi customers get a 0.25% discount when they set up autopay and an additional 0.25% rate discount for returning in-school customers. You can even pay down your SoFi student loans using points that you’ll earn through logging in, tracking your credit score, and other activities.
One of the main selling points of SoFi’s student loans is its no fees policy. It means no late fees, no fees for insufficient funds, and no application fees. You’ll also get a six-month grace period after graduating to give yourself some time to enjoy post-grad life.
The provider offers 4 ways to repay your loan with unemployment protections and multiple payment term options, including 5, 7, 10, and 15-year terms. It’s worth noting that SoFi does recommend that you consider federal grants and other loan options before going to a private lender.
While there’s no maximum limit for how much you can borrow from SoFi, the minimum is $1,000. While you don’t need a co-signer, SoFi recommends having one as it improves your chances of having your application approved by 7x.
Refinancing Your Student Loan with SoFi
SoFi began its life as a fintech company offering student loan refinancing within a niche community. As the company has grown, so have its refinancing loans. You can thousands on your current student loans by refinancing through SoFi.
It offers fixed rates that start at just 3.74% APR if you choose to pay through autopay. Choosing to refinance your student loan through SoFi will help you avoid using thousands through rising rates as inflation starts to bite. It’s estimated that rising interest rates of just 1.25% could cost you between $2,500 and $8,500 over the lifetime of your student loan.
SoFi’s student loan refinancing is designed to work alongside the U.S Government’s plan to forgive federal student loan debt. You can take advantage of a 3.99% to 9.99% fixed APR rate with autopay or 4.57% to 9.57% variable APR with autopay, depending on your credit rating.
Over 375,000 SoFi members have refinanced their student loans to a value of more than $30 billion with 98% of them recommending SoFi to their friends.
Refinancing your student loan is ideal for those who have high-interest unsubsidized loans or private loans. SoFi can consolidate all your qualified education loans for easy repayments.
SoFi Student Loan Referral Program
Every penny matters when you’re applying for a student loan. SoFi offers various perks and benefits to help students get the best rate on a private loan for their college needs. It’s no surprise that the platform offers the SoFi Student referral program for its private student loans and student loan refinancing, as well as personal loans.
SoFi has paid over $20,000,000 in referral bonuses to its members so far. You can get a $300 bonus towards your SoFi’s student loan refinancing when you sign up through our SoFi Loans referral link.
It’s an easy way to earn money towards your first repayment and you can earn $300 for every person you refer to SoFi’s student loan refinancing through your unique link.
SoFi has recently introduced a referral program for its private student loans. You’ll get $100 when you sign up for any of the SoFi student loans through our referral link. Once you’re approved, you can earn $100 for each friend that you refer to SoFi for their student loan.
Signing up through a referral link and inviting your friends is an easy way to pay back your student loans even quicker.
Final Thoughts: SoFi Student Loans
SoFi is helping millions of students and graduates take control of their finances through private loans and refinancing. Its flexible payment options and no fees make it easier for you to pay off your student loans while enjoying benefits like a six-month delay on repayments after graduating.
With inflation rising and interest rates set to increase, SoFi can help students apply for private loans to cover their university expenses and lock in a lower fixed rate for refinancing. Don’t forget to sign up for SoFi through our referral link to earn a cash bonus toward your first repayment.
