The Pennsylvania Bar Association's new student loan refinancing program, available in partnership with respected financial services providers, can assist PBA members who seek a more efficient way of reducing burdensome student loan debt.
Philadelphia, PA (PRWEB) August 27, 2015
USI Affinity is pleased to announce that they’ve partnered with SoFi—the second largest marketplace lender—to offer members of the Pennsylvania Bar Association (PBA) the opportunity to consolidate and refinance their private and federal student loans into a single loan with a lower rate and lower monthly payment.
SoFi’s mission is to transform financial services in ways that have meaningful impact on high achieving professionals, particularly in the areas of student loan refinancing, mortgages, MBA loans and personal loans. That’s why the company created a unique approach to lending—offering graduates of thousands of accredited universities, including many law schools, the opportunity to reduce their student debt through student loan refinancing. SoFi borrowers save on average $14,000 over the lifetime of their loans.
Consolidating multiple student loans into a single loan with one lender, bill and monthly payment eliminates the hassle of juggling multiple loans and bills. The application takes about 10 minutes and there are no application, origination, or pre-payment fees. Borrowers can choose from a variety of terms and fixed or variable rate options.
After hearing requests from PBA members for this kind of program, PBA and USI Affinity sought and selected SoFi for its ability to serve the specific needs of legal professionals. In addition to its easy online application and stellar customer support team, SoFi offers its members unique benefits other lenders don’t offer such as Unemployment Protection, career support, the SoFi Members Network, and access to a host of other savings. If members apply through the PBA program website and refinance their loans with SoFi, they’ll qualify for a $300 welcome bonus.
“The PBA’s new student loan refinancing program, available in partnership with respected financial services providers, can assist PBA members who seek a more efficient way of reducing burdensome student loan debt,” said PBA President William H. Pugh V. “We are pleased to offer this innovative and valuable benefit in response to our members’ requests for help in building their careers in the legal profession and achieving financial stability.”
USI Affinity’s Mike Murphy, Chief Marketing Officer, said of the new partnership, “The best thing we can do for our clients and their members is to implement unique programs like SoFi that can help members avoid undue financial risk as they progress in their careers. SoFi is the first step in helping them build financial wellness, and we’re looking forward to the opportunity the program provides today and where we envision it to lead in the future.”
For more information, PBA members may log in to the Member Portal at http://www.pabar.org or call 1-855-456-SOFI(7634).
About SoFi: SoFi is a leader in marketplace lending and the largest provider of student loan refinancing, with over $3 billion dollars in loans issued. We're transforming financial services for high-achieving professionals with student loan refinancing, mortgages, mortgage refinancing, and personal loans. Unlike traditional lenders, our proprietary underwriting approach takes into account merit and employment history to offer unique credit products our members won't find elsewhere. We offer individual and institutional investors the ability to create positive social impact on the communities they care about while earning compelling rates of return. This year, SoFi was the only marketplace lender recognized as a CNBC Disruptor 50 company; for more information, visit http://www.SoFi.com.
About USI Affinity: USI Affinity is one of the leading providers of insurance, financial, and risk management services to professional associations, individuals and small business owners. USI Affinity markets and administers insurance programs for over 400 associations nationwide, representing more than 20,000,000 members.
About the Pennsylvania Bar Association: Founded in 1895, the Pennsylvania Bar Association strives to promote justice, professional excellence and respect for the law; improve public understanding of the legal system; facilitate access to legal services; and serve the 27,000 lawyers who are members of the association.