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There are no penalties for paying off your debt early but borrowers are expected to make payments on a monthly basis. We’ve got you covered with our Student Loan Smarts blog series.It is free to apply and the process usually takes about 15 minutes. You may now have a general idea of how to refinance student loans and how to consolidate student loans, as well as the basics of what each lender offers, but there is much more information you should know before choosing a lender.
The program launched at Stanford in 2011 and has quickly grown.
offer benefits and protections that do not transfer to private lenders.
This is often the reason that people cite when they say you shouldn’t combine federal and private loans.
Borrowers can select the loans they would like to refinance or consolidate, So Fi pays them off, and then borrowers pay off a new loan issued from So Fi.
So Fi aims to help undergraduate and graduate borrowers lower their monthly payments and obtain lower interest rates.