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re: Is SoFi the best place to refinance your student loans?

Posted on 6/10/15 at 11:04 am to
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51483 posts
Posted on 6/10/15 at 11:04 am to
quote:

Why not variable?


What is the highest a variable rate could rise to in the next 5 years? 6%?
Posted by blackoutdore
Nashville
Member since Jun 2013
247 posts
Posted on 6/10/15 at 11:08 am to
Does SoFi offer deference? There's a strong possibility I'll return to school for my MBA, at which point I won't be able to afford the $350/mo from my undergrad.
Posted by Delacroix
Member since Oct 2008
3990 posts
Posted on 6/10/15 at 1:35 pm to
quote:


What is the highest a variable rate could rise to in the next 5 years? 6%?


quote:

Student & Parent Plus Loan Refinance Rates
1.90% APR1 - 5.44% APR1
Variable Interest Rate Range
3.50% APR1 - 7.49% APR1
Fixed Interest Rate Range

Rate Products

Variable Interest Rate Range

Loan Term
Interest Rate
5 Years 1.90% - 4.19% APR with AutoPay1
10 Years 2.69% - 4.565% APR with AutoPay1
15 Years 3.065% - 4.94% APR with AutoPay1
20 Years 3.315% - 5.19% APR with AutoPay1


Fixed Interest Rate Range

Loan Term
Interest Rate
5 Years 3.50% - 5.49% APR with AutoPay1
10 Years 4.615% - 6.50% APR with AutoPay1
15 Years 5.125% - 6.99% APR with AutoPay1
20 Years 5.375% - 7.24% APR with AutoPay1


Looks like highest for variable would be 4.19 for a 5 year term.
This post was edited on 6/10/15 at 1:39 pm
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