SoFi Blog

Life, interrupted. That’s what millennials with student loans are discovering as they try to meet their financial goals, such as buying a home.

But there’s a way to eliminate that debt faster. Refinancing your student loans to reduce interest rates is a strategic move savvy borrowers are making to save money over the life of their loans. Then they can turn their attention to saving for retirement and improving their quality of life.

We talked to three of our members, each with a different set of life circumstances, who were tired of putting their dreams on hold. For James Hilton Harrell, Melonia Bennett and Josh Grant, refinancing their student loans with SoFi has help put them on the path to a brighter financial future.

In the latest of our 3 People series, we meet three women from diverse backgrounds, cities and careers, who open up about overcoming financial adversity caused by credit cards. Each person’s credit card debt was caused by a different reason, yet each used a SoFi personal loan to take control of their debt and get their finances back on track.

Welcome to our new 3 People series, where we meet three professionals from diverse backgrounds, cities and careers, who open up about their finances, careers and overcoming student loan debt. Each person’s financial picture, student loans, and repayment strategy differs; however, each refinanced their student loans through SoFi to take control of student debt and pay off their loans faster.

The years following undergrad or grad school are filled with opportunities for you to own your career. Unfortunately for many, along with honing skills and making great connections comes a not-so-fun task: paying down student loan debt. On the plus side, since student loans represent investments in your future, they’re considered “good debt.” Yet, recent statistics put nearly 40 million Americans (including approximately 70% of bachelor degree recipients) in debt with student loans totaling about $1.2 trillion.