The faster you pay, the more you can save. For example, making payments while in school and picking shorter loan terms can help you pay the loan off as quickly as possible. That can help you save on your overall interest charges, which helps reduce your total payments on your loan.
You can also get a 0.25% interest rate reduction when you sign up to make automated payments from your checking or savings account. Learn more about SoFi’s autopay discount on our repayment options and examples page.
If your cosigner is an existing SoFi Member, you could get an additional 0.125% interest rate reduction on your SoFi Private Student Loan. Find out more about SoFi’s Member Rate Discount eligibility requirements here #eligibility private student loans.