Consolidating a federal student loan
After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry.Hard credit inquiries (or hard credit pulls) are required for So Fi to be able to issue you a loan. citizen or permanent resident in an eligible state and meet So Fi's underwriting requirements. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions.
Soft credit inquiries allow So Fi to show you what rates and terms So Fi can offer you up front.The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.*To check the rates and terms you qualify for, So Fi conducts a soft credit inquiry.Our research, news, and assessments are scrutinized using strict editorial integrity.In full transparency, our company may receive compensation from partners listed on our website. Today, 7 out of 10 graduates are graduating with some form of student loan debt.
There are benefits and drawbacks to what each student loan consolidation and refinancing lender offers, and it is important to be aware of all of them.