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Has anyone refinanced student loans with Sofi?

Posted on 10/7/15 at 8:49 am
Posted by FredSecunda
Baton Rouge
Member since May 2005
7188 posts
Posted on 10/7/15 at 8:49 am
My wife has around $90,000 in student loan debt at 6.8%, spread out over ten loans serviced by Navient. Has anyone refinanced with Sofi and if so, was it worth it? It sounds too good to be true....
This post was edited on 10/7/15 at 8:55 am
Posted by dagrippa
Saigon
Member since Nov 2004
11285 posts
Posted on 10/7/15 at 8:54 am to
sorry for the unproductive post but holy shite
Posted by geauxtigers585
Baton Rouge
Member since Aug 2006
3832 posts
Posted on 10/7/15 at 8:58 am to
She better be a neurosurgeon and an OT 10
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 10/7/15 at 8:59 am to
Yes and yes. Took a little while longer than normal bc I co-signed, but overall been pleased.
Posted by FredSecunda
Baton Rouge
Member since May 2005
7188 posts
Posted on 10/7/15 at 9:00 am to
Not a neurosurgeon but she is a doctor. No such thing as an OT 10 BTW
Posted by Delacroix
Member since Oct 2008
3985 posts
Posted on 10/7/15 at 9:01 am to
Yes I've been with them since about January. It's a legit company. I was able to reduce my interest by almost 3% which will save me about 10k over the life of my loan.

If you do end up going with sofi you can use my referral link link to get you a free 100$ (if the loan gets approved)

I just realized my post sounds super spammy
This post was edited on 10/7/15 at 9:02 am
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 10/7/15 at 10:34 am to
I refi'd my remaining B-school debt on their monthly variable 5 or 7 year loan, at some ridiculously low rate, like 2.625%.

It works because it takes what you do into account.

A teacher who makes 55k/year with a 750 credit score and an engineer who makes 70k/year with a 650 credit score would likely get the same rates on the traditional system, not so with sofi.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11665 posts
Posted on 10/7/15 at 11:35 am to
quote:

wife has around $90,000

That ain't shite. Wife is an MD though. Plus it's coupled with my MBA. I always dream of that condo on the beach
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