SoFi Blog

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.

When we started SoFi back in 2011, my co-founders and I felt we were on to something special.  We knew there was a problem with financial services, and we wanted to fix it.  Two-plus years and 5,000 members later, our original vision is coming to fruition.  The $80 million round we closed in April will help solidify our position as something much more than a student loan business.  We are on a path to deliver a better model for consumer finance.

Spring has sprung – at least officially – and with it the urge to open all the windows, break out the broom and clean house.  But why stop there?  Your finances can also benefit from a little spring cleaning, and it’s something you can do even if it still feels like winter outside.

As a busy young professional, it can be tough to closely monitor your money situation on a daily basis.  But if you’re willing to spend a few of these extra daylight hours getting organized, you can save yourself a lot of time, stress and even cold hard cash in the long run.  Here are six essential and effective ways to do it:

Student loan refinancing can have a huge impact on a borrower’s bottom line, saving you thousands or sometimes tens of thousands of dollars in interest over the life of your loan(s).  So how do you know if this option is right for you?  We’ve created this handy guide to illustrate the common characteristics of eligible borrowers, including four examples based on the profiles and savings of some of our real borrowers.

Want to know if student loan refinancing is right for you?  Read on to find out!

When was the last time you took a hard look at your student loans?

If you’re like many borrowers, you probably try hard not to think about them.  That monthly deduction from your bank account might be an aggravating reminder, but one that you’ve grudgingly come to accept over time.  After all, what’s the point in dwelling on your loans if there’s nothing you can do to change them?