Consolidating graduate student loans
In addition to requiring your explicit permission, these credit pulls may impact your credit score. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors.Rates and Terms are subject to change at anytime without notice and are subject to state restrictions.
It's free to apply, and the process usually takes about 15 minutes. You might know the basics of refinancing and consolidating student loans, and what each lender offers in general, but you need to know so much more before choosing a lender.
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In full transparency, our company may receive compensation from partners listed on our website. Today, 7 out of 10 graduates are graduating with some form of student loan debt.
After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry.
Hard credit inquiries (or hard credit pulls) are required for So Fi to be able to issue you a loan. citizen or permanent resident in an eligible state and meet So Fi's underwriting requirements. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions.
Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. Lowest variable rate of 2.540% APR assumes current 1 month LIBOR rate of 1.88% plus 0.91% margin minus 0.25% ACH discount. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above.