Illinois Psychiatric Society is proud to announce a new partnership with SoFi and offer our members a unique solution to help ease their student loan debt burden. Outstanding student loan debt has quadrupled over the past decade, climbing to more than $1.3 trillion and becoming the largest consumer liability after mortgages. SoFi has emerged as the industry leader in student loan refinancing and has funded over $10+ Billion to date with over 170,000 borrowers.

As our members continue to struggle with increasing student debts, Illinois Psychiatric Society is focused on providing unique solutions to help our members tackle these issues. Through this unique partnership with SoFi, Illinois Psychiatric Society members, their friends, and families will now be eligible for a $300 welcome bonus upon refinancing through www.SoFi.com/ILPsych.

On average, borrowers who have refinanced with SoFi have saved $17k.1 Private and Federal student loans can be refinanced and there are no prepayment restrictions, no fees, no catch.

The application process is simple and begins with a pre-approval to determine the rates and terms available to you.3 Qualifying applicants will see the rates and terms available to them so that they can decide how they would like to proceed. Once you select your repayment term you simply upload the necessary documents and SoFi does the rest.

Apply: https://www.sofi.com/ILPsych
(Applicants MUST use the above link to qualify for a $300 welcome bonus)

Terms and Conditions

* Payment of $300 will be issued electronically once you become a SoFi borrower; you have submitted a completed application with documents and your loan has been disbursed. Offer good for new customers only.

1 See sofi.com/disclaimer1

2 Terms and conditions apply. SoFi reserves the right to modify or discontinue products and benefits at any time without notice. SoFi loans are private loans and SoFi does not offer the same flexible repayment terms that are features of federal student loans. Rates effective as of August 1, 2016. Fixed rates from 3.50% APR to 7.74% (with AutoPay). Variable rates from 2.22% APR to 6.00% (with AutoPay). Interest rates on variable rate loans are capped at either 9.25% or 10.25% depending on term of loan. Lowest variable rate of 2.22% APR assumes current 1 month LIBOR rate of 0.52% plus 1.70% margin. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Eligible borrowers must be U.S. citizens or permanent residents and meet SoFi's underwriting requirements. SoFi loans not offered to residents of Nevada. Other state restrictions may apply. See eligibility requirements at sofi.com/eligibility. SoFi loans are originated by SoFi Lending Corp (dba SoFi) California Finance Lender #6054612. NMLS #1121636.

Disclaimer: SoFi loans are private loans and do not offer the same flexible repayment terms that are features of federal student loans. Federal loans offer forgiveness programs such as the Public Service Loan Forgiveness Program (PSLFP) and the Teacher Loan Forgiveness Program. If you work in either of these fields, you'll want to see if one of these programs applies to you before refinancing your federal loans with SoFi.