Due to recent events, including changes to federally held loans that temporarily waive interest and suspend obligation to make payments during the COVID-19 crisis, we are recommending that anyone with federal student loan debt carefully review your current and potential future benefits on your federal loans before refinancing. When you refinance your federal student loans, you waive any current and potential future benefits and protections, including the temporary waiver of payments that the federal government will provide to federal student loan borrowers, and replace those with the benefits of a SoFi Student Loan Refinance.
You can check the Department of Education website for updates on federal student loan borrower accommodations.