The Snowball Wealth Financial Roadmap
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SoFi is a great option if you are looking to work with more modern customer service and want a strong career and network programs. It is ideal for the borrower with high income because they offer low rates.
Flexibility in customizing monthly payments
Ability to skip or stop payments
Soft credit check with prequalification
Does not offer direct payment to creditors with debt consolidation loans
Does not offer to refinance options
SoFi is extremely flexible when it comes to monthly payments. You can customize your payment due date
You also get the ability to skip or stop payments which are great for those who might have financial hardships.
SoFi’s soft credit check lets you see if you qualify before doing a hard check on your credit.
Qualifying for SoFi requires a credit score of 680, a minimum loan balance of $5,000, and must have received a Doctoral Degree.
Loan Amounts: Minimum: $5,000
Loan Qualifications: Federal, Private, and Parent PLUS loans
Fees or Prepayment Penalties: None
Loan Terms: 5, 7, 10, 15 and 20
Co-signer allowed: Yes
Income Requirements: None
Deferment and Forbearance Options: Yes, up to 12 months
Easy Rate Check: Yes
You can compare the top student loan lenders on Snowball’s Student Loan Lender Marketplace or Snowball can provide you with a personalized plan!
Click here to check your rate with SoFi.
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