SoFi Blog

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Aug
05
2014

What’s the Difference Between Federal Student Loan Consolidation and a "Private Consolidation Loan"?

By | Money, student_loan | 6 Comments

 

If there’s anything clear about student loans, it’s that the terminology associated with student loans is often far from clear.  Take the words “consolidate” and “refinance,” for example.  Both of these fall into the category of “things you can potentially do with your student loans” and as a result they’re often used interchangeably.  But the terms can have different implications based on the context in which they’re being used.

So here’s the scoop:

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May
08
2014

Borrower Questions Answered: SoFi & Student Loan Refinancing

By | Money, student_loan | 5 Comments

SoFi has been out on the road these past few weeks, visiting universities around the country and spending time with student loan borrowers.  We wanted to learn more about these soon-to-be graduates and their challenges with education debt, so that we can better serve them with our products.

One thing we discovered is that they wanted to learn a lot more about us, too.  Here were some of the most frequently asked questions – and answers – from our spring tour.

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