As a private lender, the options we’re able to offer borrowers at this time differ from benefits the Federal government can provide to federal student loan holders. If you are financially impacted by COVID-19, and already have a SoFi loan, we are standing by to help address any concerns you may have about being able to meet your payments. As you evaluate your options, it’s important to weigh the benefits of short-term relief vs. your long-term financial plan.
If you cannot meet your next payment as a result of being impacted by COVID-19, please see below about options to defer your payment to a later date. Please note that while forbearance will allow you to skip payments in the short term, it will extend the life of the loan and cause your loan to accrue more interest over the life of the loan.
• Student Loan Refinance: Please complete the form to apply for a payment deferral. For those that continue to experience hardship, we will work with you to find possible options.
(Find the form here > https://sofi.mohela.com/DL/secure/account/loginStep1.aspx)