SoFi Frequently Asked Questions
Does renters insurance help?
Renters insurance is a safety net for you and your property. In addition to loss or damage due to theft, fire, vandalism, certain types of water damage, and other bad things, if your home becomes uninhabitable, it can also cover temporary living expenses, as well as certain non-material expenses. SoFi has partnered with Lemonade to bring you affordable, instant, and easy-to-understand renters insurance. For just $5 a month, you can protect what you own at home and anywhere else. Lemonade's AI-powered robot, Maya, will create an insurance plan for you for as little as $5 a month.
How do graduate loans work?
SoFi lets you pay for a graduate degree quickly and easily with a graduate loan—now even a graduate-level certificate—so you can focus on what matters most: your education. Complete their easy postgraduate loan online application in minutes. Plus, live customer support is available 7 days a week. No fee means no fee. This means there are no origination fees, late fees, and underfunding fees for any private loan from the Graduate School. period.
Who needs to refinance?
Refinancing is a great solution for working graduates with high-interest, unsubsidized direct loans, graduate PLUS loans, and/or private loans. Federal loans do have some special benefits, such as public service forgiveness and financial hardship programs, that you may not get after you refinance.
Why choose SoFi?
Flexible terms and lower fixed or variable rates can save thousands of dollars.
Simple online application and live customer support 7 days a week.
There are no application or initiation fees. No prepayment penalty.
SoFi members get free career guidance, financial advice, and more.
