Consolidating grad school loans
Interest rates for variable rate loans are capped at 13.95%, unless required to be lower to comply with applicable law.Graduate Student Loans Fixed Rates: Fixed rates range from 4.33% APR to 11.99% APR (with autopay).Variable Rates: Starting variable rates range from 2.93% to 11.57% APR (with autopay), and will never exceed 13.95% (sometimes lower in certain states as required by law).For variable rate loans, the variable interest rate is derived from the one-month LIBOR rate plus a margin of between 0.86% and 9.76%. Changes in the one-month LIBOR rate may cause your monthly payment to increase or decrease.
Benefits are offered in up to three month increments, and capped at 12 months, in aggregate, over the life of the loan.Policygenius does not allow the submission of personal information by users located within the EU. Note: A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent, and as a grad PLUS loan when made to a graduate or professional student.Hard credit inquiries (or hard credit pulls) are required for So Fi to be able to issue you a loan and may impact your credit score. If you lose your job through no fault of your own, you may apply for Unemployment Protection.If you qualify, So Fi will suspend your monthly So Fi loan payments and provide job placement assistance during your forbearance period.