SoFi requires students to make satisfactory academic progress (SAP) during the school certification process in order for them to receive private student loans. This means that students have to achieve satisfactory grades and complete enough credits to keep moving forward at a rate that’s deemed acceptable to the school. You might need to check your school’s SAP policy at the financial aid office and see if your academic performance measures up before being approved for a loan.
What is MOHELA by SoFi?
MOHELA is the Higher Education Loan Authority of the State of Missouri, also known as the Missouri Higher Education Loan Authority. It’s 1 of the largest holders and servicers of student loans nationwide. MOHELA is dedicated to providing SoFi customers with a 1st-rate experience.
SoFi Automated Investing
Automated investing through SoFi is known as hands-off investing that’s always on. SoFi can help you set goals whether you’re saving for retirement, saving for a down payment or simply investing for later. The brand will rebalance your investments by adjusting your stock and bond funds quarterly and diversify your portfolio by allocating across several different investments and avoid as much risk as possible. (more…)
