It is free to apply and the process usually takes about 15 minutes. You may now have a general idea of how to refinance student loans and how to consolidate student loans, as well as the basics of what each lender offers, but there is much more information you should know before choosing a lender.
There are many different benefits and drawbacks of what each student loan consolidation and refinancing lender offers, and it is important to be aware of all of them.
The company offers an interest rate discount of 25 basis points (0.25%) if you sign up for auto-pay.
So Fi was founded by a group of Stanford business students who wanted to help their peers escape from student debt with lower interest rates.
The program launched at Stanford in 2011 and has quickly grown.
At Lend EDU, we help borrowers compare the top student loan companies in one place.
We put together this guide to help you get information on all of the top student loan refinance lenders without having to jump around multiple websites.
Borrowers can select the loans they would like to refinance or consolidate, So Fi pays them off, and then borrowers pay off a new loan issued from So Fi.
So Fi aims to help undergraduate and graduate borrowers lower their monthly payments and obtain lower interest rates.
LAUREL ROAD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of June 15 PERSONAL LOAN – RATE DETAILS, TERMS AND CONDITIONS Laurel Road is a trade name licensed by Darien Rowayton Bank (“DRB”), a Connecticut banking corporation.
Each lender has its own specific underwriting criteria, so you may have a higher chance of approval at certain lenders.
Read the detail lender reviews for more information regarding lender approval.
Today, 7 out of 10 graduates are graduating with some form of student loan debt.