Save Big on Student Loans… and Help Me Win a SoFi Hoodie

Student loan debt is a massive problem in this country.  According to Wikipedia, the average student loan balance is over $37,000!  That’s over $1.2 TRILLION dollars in student loan debt.  Personally, my student loans were about $40K when I finally got serious about paying them off.  When I did, I was able to pay off my student loans within 3 years… and just 1 year after I refinanced my student loans with SoFi.  Here’s how you can save big money on your student loans… and help me win a SoFi hoodie.

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• Refinancing student loans to reduce interest rate by 55%
• How I paid off my SoFi student loans 9 years early
• I’ve paid off my auto loan, what comes next?

Save Big on Student Loans

First, and most importantly, I want to share with you how SoFi can help you save big money on your student loans.  SoFi says that the average person saves $288 a month and a total of $22,359 when you refinance your student loans with SoFi.  That’s some serious money!!!

SoFi is a private lender, which means that they can offer different terms than loans in the Stafford subsidized and unsubsidized programs.  SoFi offers both fixed rate loans and loans that are variable.

If you’re going to take 4+ years to pay off your loans, I would probably stick with the fixed rate loans.  But, if you’re focused on paying your loans off early like I was, the variable rate loans offer a lower starting rate, which allows for more of your payment to go towards paying down the balance instead of paying interest.

Click here to use my referral link to go to SoFi and see all of the rate and term options.  When you use my link, you’ll even get a $100 bonus when your new loan is funded.  And, as usual, if you use my link, SoFi will send some money my way too.

Other perks of SoFi Membership

SoFi offers several different types of loans – student loan refinance, personal loans, and mortgages.  Once you have a loan with SoFi, there are many perks that you receive… even after you’ve paid off your loan.

Here are a few perks of working with SoFi for your loan needs:

• Discounts on additional loans with SoFi
• Payment for referring others to borrow from SoFi
• Invitations to exclusive members-only events
• Career coaching with SoFi’s Career Advisory Group
• SoFi Entrepreneur Program
• SoFi Wealth Management fees waived
• SoFi Life Insurance up to $5 million in coverage (compare it with Haven Life)

And SoFi is working to add new benefits all of the time.  When I first received my student loan refinance from SoFi a few years ago, most of these perks weren’t available.  So, it is awesome to see how much they’ve grown in just a short period of time.

Help me win a SoFi Hoodie

SoFi is currently running a promotion through the end of 2017.  If I get at least 3 people to use my SoFi referral link to apply to refinance their student loans, they will send me an official SoFi hoodie.

I’ve heard that these hoodies are incredibly soft, and I absolutely love wearing hoodies.  I’m even considering buying a Scottevest hoodie for future trips so I can possibly not have a carryon bag.

So, if you are looking to refinance your student loans, or know someone that is, take a look at SoFi to see if their program works for your situation.  If it does, when you use my SoFi referral link, you’ll get an awesome rate + $100, I’ll get a little something for referring you, and I’ll be one step closer to getting one of those super soft SoFi hoodies.

The Bald Thoughts

SoFi is a unique company because not only do they provide loans at competitive rates and terms, they continue their extra benefits for you even after you’ve paid off your loans.  I paid off my student loan consolidation a couple years ago, and I still get invited to their local events whenever they come to Southern California.  If you have student loan debt, check out SoFi to see if their program will work for you.  And don’t forget to use my SoFi referral link to get an extra $100 for yourself… and get me one step closer to a free hoodie!