Time frame: Oct 07 2020 - June 01 2021
- Must be enrolled in the University of Illinois online degree programs through Coursera (iMBA, IMSM, and IMSA programs).
- Must apply through the following link:
- Must meet SoFi’s eligibility requirements: https://www.sofi.com/eligibility-criteria/
For loans that meet the eligibility requirements above, $100 will be applied toward the principal loan balance. This is applied at MOHELA, our third party servicer, and the principal balance reduction will be applied after the loan's first disbursement.
For applicants who apply for a private student loan through an eligible SoFi at Work partner, or through another eligible participating offer, SoFi will make a one-time principal payment towards the borrower’s loan balance after the first disbursement date. This one-time principal payment will not relieve borrowers of their obligation to make any regularly scheduled monthly payment. SoFi in its sole discretion reserves the right to change or terminate this principal paydown program at any time, with or without notice. Additional terms and conditions may apply.