The program launched at Stanford in 2011 and has quickly grown.Today, So Fi has expanded and now helps student debt borrowers to refinance student loans nationwide.
Try not to take the maximum amount of time possible to pay off your new loan, and come up with a plan to One of the easiest ways to consolidate your credit card debts is to call your current card issuers and ask for a better deal.
If the representative seems unwilling, we recommend asking to speak with a supervisor.
Today, the answer to that question is probably yes!
7 out of 10 graduates are now graduating with some form of student loan debt.
There are many different benefits and drawbacks of what each student loan consolidation and refinancing lender offers, and it is important to be aware of all of them.
You will find all of the necessary information below.Before you start an application, you should know that most lenders require a minimum FICO credit score of 660, 40% maximum monthly debt-to-income, and ,000 in yearly gross income.Our favorite, So Fi, aka Social Finance, has quickly positioned itself as the top student debt refinance lender on the market.So Fi was founded by a group of Stanford business students who wanted to help their peers escape from student debt with lower interest rates.Lenders know the competition is tough, and it’s cheaper for them to keep you than it is to get a new customer to replace you — especially if you’re a low-maintenance borrower who pays her bills on time.While you have them on the phone, ask about these three options: The interest rates on these loans tend to be low — or even interest free.That’s because some may be debt settlement companies that convince you to stop paying your debts and “instead pay into a special account,” the CFPB warns.