Every student looking for a favorable refinancing deal from its student loan consolidation would go for the best company. Today, there are some student loan consolidation companies in the market offering varied services to their clients. The student loan consolidation companies help students to consolidate their loans. Based on the market review, the best student consolidation company is SoFi Company.
This company is a social finance company that offers students with anextensive range of products including personal loans, mortgages, and loan consolidation and refinancing among other types of loans.
The company is currently the best private student loan consolidation and refinancing institution having student loan refinance of over $3 billion.
Refinancing plan options
SoFi provides a broad range of options that students can choose from including short-term repayment periods, long-term repayment periods, mixed interest rates, fixed interest rates, variable interest rates, and a complete bag of other services you may want for your student consolidation package.
The company consolidates and refinances private and federal loans. Just like the most of other student loan consolidation companies, SoFi does not charge any fees for consolidation of student loans. What makes it stand out is the fact that students who register with the company save as much as $18,936 in average.
Provision of unemployment protection
This student loan consolidation company has a provision in their terms that protects you from repaying your loan when you lose your job. If you lose your job after beginning to repay your loan, the company allows you to stop your loan repayment temporarily until you get a new job. It also helps you find a new job if you so wish to seek their assistance.
Provision of career support
Among the benefits that SoFi Company gives to students using their services include career support. This package involves support such as career counseling, negotiating tactics, resume review, and coaching on interviews when seeking employment. The company also has a robust entrepreneurship program that helps students to exploit their skills and innovation to create jobs and be able to generate income and repay their loans.
SoFi Company also stands out as the best student loan consolidation company because of its excellent customer service. Its customer support services include a simple online application with a pre-approval process to let you know in advance if you qualify before completing the full application.
Students can also access live customer support seven days a week. This customer support system leaves the customers with an easy experience.