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Refinanced Student Loans wit Sofi

Valued Member

Refinanced Student Loans wit Sofi

Ok I had a little over 10K left in my Student Loans was able to drop my interest from 6.5 to 4.9 only saves me about 500 through out the life of the loan but that is 500.  The process was painless took about a week from application to funding.  If would recommend them to anyone who is looking to refinance to save some money.  I have a referral link if anyone wants it.  I can answer any questions about the process as well.  

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Contributor

Re: Refinanced Student Loans wit Sofi


@wrote:

Ok I had a little over 10K left in my Student Loans was able to drop my interest from 6.5 to 4.9 only saves me about 500 through out the life of the loan but that is 500.  The process was painless took about a week from application to funding.  If would recommend them to anyone who is looking to refinance to save some money.  I have a referral link if anyone wants it.  I can answer any questions about the process as well.  


It can be very good to save interest. One thing for some people to take into account. Once you privatise a a Stafford loan or other educational loans you do lose the protections that come with it. The rehabbing and deferment periods. It may or may not be a killer for someone. But it is something to take it a account before doing this.



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Valued Member

Re: Refinanced Student Loans wit Sofi

I have been paying straight for 6 years only have 4 to go plan to finish in 2. My income is enough that I feel more than corfortable loosing the deferment periods.
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