Nowadays, 7 out of 10 college graduates have student debt and the average has over ,000!
In addition, So Fi also offers unemployment protection, which will come in handy when you lose your job.
If your job is lost, So Fi will suspend your payments temporarily to help you get back on your feet and start earning an income once again.
While going to college is surely something to be proud of, and is a great investment in your future, most students and their families are unable to pay for it out-of-pocket.
After all scholarships and grants have been exhausted, the next option is student loans.
Let’s take a quick look at the most important factors to keep in mind:· Variable interest rate between 2.565% and 6.490% APR· Fixed interest rate between 3.375% and 6.740% APR· 5, 7, 10, 15, and 20-year pay off terms· Unemployment protection· Online application process· Consolidate both federal and private loans Citizens Bank offers multiple rates and repayment terms to ensure that there is an option that meets your needs.
The company offers both fixed and variable interest rates.
The repayment term length will vary depending on your needs; however, So Fi offers 5-year to 20-year plans for both the fixed and variable interest rate.
There are many different benefits to choosing and working with So Fi to refinance your loans.
By lowering your interest rate, less additional money will be added to your total balance each month, ultimately saving you money!
Most lenders also allow you to refinance and consolidate multiple loans into one, making repayment much more manageable.
If any of the information gets out of date or is incorrect let me know and I will update it!