To be eligible for Unemployment Protection, you must be a current SoFi member, have a loan (or loans) in good standing, and have proof that you are eligible for unemployment benefits or have proof of involuntary severance with an employer.
Denial for Unemployment Protection may happen because one or more of the eligibility requirements have not been met. For example:
-Involuntary job loss is an eligibility requirement for Unemployment Protection, so members who have voluntarily quit their jobs are not eligible
-You’ve made a late payment at some point over the life of your loan, which would mean your loan is not in good standing
-You are self-employed and therefore ineligible for unemployment benefits
Regardless of your enrollment in Unemployment Protection, all members can request job search assistance from the Career Team, who can advise on job search and interview techniques, networking, and offer negotiation.