SoFi does not approve student loans without thoroughly reviewing the client’s cash flow, financial responsibility history, and professional history. Other eligibility criteria include:
· Borrowers have to be enrolled in an accredited four-year degree-granting institution
· Students must have at least gone through half-time in the school program.
Choosing SoFi as your option for student loans guarantees you several benefits, including access to rewards point program and six months in the Best of Evernote program. The private student loan lender has a mobile app to manage banking accounts, loan payments, credit cards, and investments. SoFi rewards points for each transaction made on the app.
Earn redeemable points by using the SoFi mobile app and use them to repay your student loans. Unfortunately, Ohio residents are not beneficiaries of some of the benefits.
This lending company does not charge originating, application, or prepayment penalties to its student loans. Subscribing to the monthly automatic payment plan will earn you up to $o.25 rate discounts. SoFi offers the following loans:
· Law school
· Health professions
· Parent PLUS