Hey y’all! I wanted to take a break from wedding and lifestyle posts and discuss a topic that I knew nothing about until my (now) husband educated me.
As you know I spent the last 2.5 years in grad school which was not cheap (shocker I know). I took out federal loans to finance my tuition and living expenses for my time in school. Ryan will tell you that he provided some loans too that he doesn’t ever plan on seeing again, but I told him a lifetime with me is a great return on his investment 🙂 Anyway, by the time I graduated I had 5 separate loans at 5 different interest rates ranging from 6-7.6 percent. Anyone that has bought a home in the last few years knows that home loans are right around 4% and under. That 7 percent-ish interest rate may not seem like that much but with a big balance and many years to repay it, you are talking about tens of thousands of dollars in interests payments. Yikes!!! Luckily that’s where SoFi comes in.
- Proof that you graduated
- A recent billing statement (i.e. electric bill) to verify your address.
- A statement for any checking/savings/retirements/investment accounts you have
- Your current student debt
- Any other outstanding debt (mortgage, credit card, auto loans etc…)
PS. If you like free handbags, don’t forget to enter the Urban Expressions giveaway here. I’ll announce the winner tomorrow & hope y’all have a fabulous day!