From Money Magazine:



Online bank SoFi offers student loan refinancing options with benefits such as financial planners, free tools for financial planning, career planning, and member rate discounts. SoFi also provides unemployment protection, referral bonuses, and interest rate reductions.

SoFi’s student loan refinance programs include fixed and variable interest rate options, with minimum loan amounts of $5,000 and loan terms ranging from five to 20 years. The company has provided over $30 billion in loan funding to more than 450,000 customers, and its mortgage portfolio has a AAA credit rating.

While SoFi has been praised for its member benefits and no-fee structure, the lender has high credit score requirements and does not allow the release of cosigners. Customer service is available through online chat, phone, and access to a loan servicer after the refinance is complete.

Overall, SoFi is considered a strong option for those looking to refinance student loans, as long as they meet the credit score requirements and are comfortable with online-only accessibility. The company has received positive feedback, with an A+ rating from the Better Business Bureau.



Read more: SoFi Student Loan Refinance Review