42.4 percent of student-athletes graduate with $20,000-$100,000 in student loan debt.
San Francisco, CA (PRWEB) October 10, 2013
SoFi (Social Finance, Inc.), the private student lender, announced today a new partnership with Career Athletes, the online community built for current and former collegiate athletes. Through this new relationship, SoFi can reach more graduates seeking a better option for refinancing their student loans.
“In a recent survey, we found that 42.4 percent of student-athletes graduate with $20,000-$100,000 in student loan debt. As the nation’s largest online network of current and former college athletes, it was important for Career Athletes to address the rising cost of tuition and student loan issues while providing value back to our members,” said Career Athletes Chief Executive Officer Chris Smith. “By partnering with SoFi, members from 100 different universities will now have an opportunity to consolidate and refinance their student loans, helping to save them money.”
SoFi refinances federal and private student loans for graduates of 100 schools within the company’s footprint. Eligible applicants can consolidate their loans into one monthly payment and reduce their interest rates to variable rates as low as 2.93 percent (with Autopay) or fixed rates as low as 4.99 percent (with Autopay).
"Beyond access to our low rates, this partnership provides alumni athletes unique networking opportunities and career development resources. Our borrowers save up to $26,700 by switching to SoFi and we’re delighted to offer these and other benefits to the Career Athletes Community," said SoFi Chief Executive Officer Mike Cagney.
SoFi is an innovative student lender focused on building a community around traditional financial products. Recent graduates and current students benefit from a lower loan rate and resources dedicated to helping them achieve their financial and career goals. Founded in 2011, SoFi has funded $200 million in loans to students and alumni from 100 top universities. To learn more about SoFi visit: http://www.SoFi.com.
About Career Athletes
Career Athletes LLC, is the premium online network for current/alumni student-athletes, athletic departments, and business organizations seeking to create professional connections. Our mission is to provide our members with an educational, opportunistic, and interactive community ensuring these connections can be made quickly and effectively. To learn more and to create your free account, please visit http://www.careerathletes.com.