Timeframe: 10/17/2022 - 12/31/2022
Offer:
- SoFi will pay off up to $100K in student loans for 10 winners.
- If a winner has less than $100K in student loans, SoFi will pay only the total loan amount.
Payout:
- The payout will be made directly to the financial institution(s) that hold the winner’s student loans.
Entry Methods:
- Method 1: An Entrant will receive one (1) entry into the Entry Period random drawing for which
he or she qualifies for and any subsequent Entry Period drawings, if any, when he or she
refinances an existing non-Sofi student loan with SoFi during the Sweepstakes Entry Period.
- Entry will be based on when Entrant’s SoFi student loan refinance is approved by SoFi.
- Method 2: An Entrant will receive one (1) entry into the applicable Entry Period random drawing
for which he or she qualifies for and any subsequent drawings, if any, based on dates indicated in
the chart above. To enter without refinancing an eligible student loan, hand print name, address,
email address, and the name of the financial institution holding your current student loan on a
piece of paper and insert it into a #10 envelope. Seal and affix postage to the envelope and mail
your Entry to:
- Forget Your Student Debt Sweepstakes
P.O. Box L
Palantine, IL 60078 - Mail-in Entries must be postmarked and received on the dates indicated in the chart below.
- Limit of 1 Entry Per Person
Eligibility:
- To be eligible to enter the SoFi Student Loan Payoff Sweepstakes (“Sweepstakes”), you must be a legal resident of the 50 United States (including the District of Columbia) 19 years of age or older in
Alabama and Nebraska; 21 years of age or older in Mississippi; or 18 years of age or older in all other
states including the District of Columbia who has an outstanding student loan with a financial institution
or bank (other than SoFi) within the 50 United States at time of entry.
Winner Selection:
- Each Entry Period’s potential winner will be randomly selected from all eligible entries received for a given Entry Period drawing within ten (10) days after the end of each Entry Period.
- Odds of winning an Entry Period prize are determined by the number of eligible entries received for a given Entry Period.
- Drawings will be random and occur once per week from 10/24/22 and 12/31/22.
Selection Entry Periods:
- The Sweepstakes will consist of ten (10) individual entry periods.
- Refer to the chart below for each entry period’s start and end dates.
Terms & Conditions:
- Official Rules: Sofi.com/Million
FAQs
Who is eligible?
To be eligible to enter the SoFi Forget Your Student Debt Sweepstakes (“Sweepstakes”), you must be a legal resident of the 50 United States (including the District of Columbia) 19 years of age or older in Alabama and Nebraska; 21 years of age or older in Mississippi; or 18 years of age or older in all other states including the District of Columbia who has an outstanding student loan with a financial institution or bank within the 50 United States at time of entry.
Employees of Social Finance Inc., Ventura Associates International LLC and their respective parent companies, subsidiaries, affiliated or successor companies; subsidiaries, distributors, dealers, sales representatives, web masters/suppliers, advertising and promotional agencies, anyone associated with the development, implementation or execution of this Sweepstakes, and members of the immediate families or households (whether related or not) of any of the above are not eligible to enter or win. Void where prohibited by law.
Please see the SoFi Forget Your Student Debt Sweepstakes Official Rules for more information: Sofi.com/Million
How do I enter?
Method 1: You will receive one (1) entry into the Entry Period random drawing when you refinance an existing student loan with SoFi during one of the Sweepstakes Entry Periods. Entry will be based on when your SoFi student loan refinance is approved by SoFi.
OR
Method 2: To enter without refinancing an eligible student loan and receive one (1) entry into the Entry Period random drawing, hand print name, address, email address, and the name of the financial institution holding your current student loan on a piece of paper and insert it into a #10 envelope. Seal and affix postage to the envelope and mail your Entry to: Forget Your Student Debt Sweepstakes, P.O. Box L, Palatine, IL 60078. Mail-in Entries must be postmarked and received by the dates indicated in the chart in the Official Rules. If an entry period or postmarked date ends on a Sunday or holiday, the entry can be postmarked the next business day.
Limit of 1 Entry Per Person
When will this happen?
Sweepstakes begins at 12:00:00 a.m. Eastern Time (“ET”) on October 17, 2022 and ends at 11:59:59 pm ET on December 31, 2022 (the “Sweepstakes Entry Period"). The Sweepstakes will consist of ten (10) individual entry periods. Refer to the chart in the Official Rules for each entry period’s start and end dates.
How will people find out about this?
You can find out more about the SoFi Forget Your Student Debt Sweepstakes on the SoFi.com homepage. Additionally it will be featured in TV ads and Social Media. The SoFi Forget Your Student Debt Sweepstakes landing page (sofi.com/million)will have all of the Sweeps details.
How is the winner selected?
Each Entry Period’s potential winner will be randomly selected from all eligible entries received for a given Entry Period drawing within ten (10) days after the end of each Entry Period. All random drawings will be conducted by the SoFi, whose decisions are final and binding. Odds of winning an Entry Period prize are determined by the number of eligible entries received for a given Entry Period.
How will I know if I won?
All potential winners will be notified by email within three (3) business days from random drawing date.
What is included in the prize?
Each Entry Period’s confirmed winner will have their student loan balance paid, up-to-$100,000.00.
Prizes will be paid directly to the financial institution that holds the winner’s student loan.