Finance
Student Loans

SoFi ... an initiative to reform the student loan system

Burgess COMMENTARY

Peter Burgess

SoFi is transforming the student loan industry by connecting student and graduate borrowers with alumni investors economically and socially.

“As an investment professional with over twenty five years of experience, I saw SoFi fitting a very unique niche in the current market – highly competitive yield, very selective risk and personal connection to fellow alumni borrowers – the triple crown.” Jim Keene Stanford GSB SoFi Investor

Student Loan Loads Block Home, Car Purchases

A New Spin on Student Loans

The Stanford Social Innovation Review features SoFi's…

Key to Saving the Student Loan Market? Hint: It's Not Banks

Student-Loan Report Prompts Calls for Refinancing Options

Columbia Business School Student Interview

Overseas Students Are Lent a Financial Helping Hand

SoFi Expands Student Loan Products for Refinancing Borrowers, Offers New Lower Interest Rate with 5-year Term

SoFi Tackles Medical School Debt with Refinancing Options for Doctors

Hiring New Graduates Is One Thing. Now, How Do You Keep Them?

Private Lenders Should Take the Lead on Student Loan Refi, says CFPB

SoFi - A Different Kind of Loan

The $1 trillion US student loan market is broken. SoFi was founded to offer an innovative approach to addressing this problem using the power of social communities to transform the industry. SoFi connects students and alumni through a dedicated lending pool and an original social community approach where students, alumni and schools all benefit. Alumni earn a compelling double bottom line return, students receive a lower loan rate than their private or federal options, and both sides benefit from the connections formed.

Double Bottom Line Investing

Alumni have a unique opportunity to participate in a SoFi Community that is custom built around your alma mater. Alumni invest in a pool of loans for students (or recent alumni) from each school. Alumni provide immediate value for borrowers by giving a lower fixed loan rate, while at the same time receiving a return on their investment. In addition, alumni have the option to invest through a tax-deferred IRA or 401K account. We call this opportunity a 'double bottom line' return, in that alumni gain both a social and financial benefit (i.e. 'SoFi').

Jim Keene (Stanford Alum) - SoFi Investor ... David Bowman (Stanford '12) - SoFi New Loan Borrower

Access to Alumni Connection

It is expensive to pay for college. We learned that lesson first-hand when we were paying for school. Having loans ourselves and watching our classmates take on unnecessary amounts of debt gave us the idea to start SoFi. A better student loan option, SoFi allows you to borrow from a community of alumni that care about your success. Alumni funding helps us to provide low rates and offers a built-in community of people that will support you through school and help you build your career after graduation.

A Trusted Community

The SoFi community is one of the biggest points of differentiation between SoFi loans and other types of student loans. We connect students and alumni who are participating in SoFi loan programs from any geography via our online community. Whether it’s through areas of interest, fields of study or affinity groups, SoFi makes it easy to connect with other members who share the same passions and are committed to your success. Quick facts

$90,000,000 ... Loans Funded as of March, 2013

78 Schools ... Undergrad and MBA Loans ... Undergrad, MBA, Law Refinancing

Zero Default ... As of March, 2013