SoFi Blog

Got student loans? We’ve got you covered with our Student Loan Smarts blog series. Our expert tips and hacks will help you save money, pay off loans sooner, and stress less about student loan debt. Read the other posts in the series here to get all the info you need to make intelligent decisions about your student loans.

Unfortunately, spotting a student loan scam today is more challenging than you might think. It can come in the form of a Facebook ad, an email, or a cheerful voicemail:

Couples in committed relationships share a lot of things, from values and goals to favorite takeout places to Netflix and Spotify accounts. But many couples share something else: student loan debt. It’s not at all unusual—nearly 70% of people holding a Bachelor’s degree leave school with college debt—but it can be trying and cause concern.

If you and your partner are in that group, you might have already discovered how student loan debt can affect your financial lives. And if you’re like 54% of people surveyed, you might even have had second thoughts about taking on the debt of the person you love.

Name: Alegria Beveridge

Locale: Denver, CO

Alma Maters: Mount Ida College and Bay Path University

By Day: Software Project Manager

SoFi Member Since: 2015

Approximate SoFi Loan: $37,000 (self), $250,000 (husband)

SoFi Savings: $7,000 on own loans, $30,000 on husband’s loans

Big news: We’ve now funded over $1 billion in student loan refinancing to borrowers through our corporate partners (i.e. companies like Microsoft, Workday, and more).

What’s better? We’ve made student loan assistance a benefit for our own employees. Which means we’re helping them pay down student loan debt with $200 a month.

The following is SoFi’s response to the CFPB regarding its recent inquiry into student loan servicing practices.