SoFi Blog

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Alumni-Funded Student Loans from SoFi Now Available for the Upcoming 2012-2013 School Year

Just last week, we expanded our SoFi ReFi program to more schools across the country, and the response has been huge.  But we’ve been also hearing from a lot students and parents who are looking for better loan options to pay for the upcoming school year. For so many people who don’t qualify for subsidized federal loans, 6.8% is the best rate they’ve been able to find until now. And often, families needing to borrow beyond the Stafford limits have been looking at 7.9% or higher for a substantial portion of their loans.

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SoFi ReFi Program Is Now Available at 27 Schools

SoFi ReFi Program Is Now Available at 27 Schools 

In May we introduced the first phase of SoFi ReFi, our graduate loan refinancing program, to five schools: the Stanford Graduate School of Business, Harvard Business School, MIT’s Sloan School of Business, the University of Pennsylvania’s Wharton School of Business, and Northwestern’s Kellogg School of Business and worked closely with the alumni community at these schools to get the program up and running. The first few months have gone well and we’ve had a great response from both students and alumni to the program.

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SoFi Helps Students by Providing Payment Flexibility and Competitive Fixed Rates

The more you learn about the student loan market, the more you realize how broken the system really is. There are horror stories about companies suing parents whose children have died before repaying their student loans. Others tell tales of loan companies being totally inflexible and demanding full payment even when a borrower has hit a temporary rough patch.

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